Drillers added two oil rigs in the week to May 26, bringing the total count up to 722, the most since April 2015, energy services firm Baker Hughes Inc. said on May 26.
Callon Petroleum said May 25 that Joseph Gatto Jr. has been appointed as CEO, succeeding former CEO Fred Callon following his unexpected death on Wednesday.
Contango Oil & Gas provided an update on its second and third wells drilled on its Southern Delaware Basin acreage in Pecos County, Texas, the Houston company said May 24.
Twin Eagle Sand Logistics announced on May 24 plans to further expand the Permian Rail Park to meet the strong demand of the Midland Basin.
BXP Partners is offering its HBP leasehold in the Powder River Basin through a sealed-bid offering handled by EnergyNet.
The sale, handled by TenOaks Energy Advisors, comprises a core Delaware mineral acreage including more than 50 producing wells located in Loving and Winkler counties, Texas.
The FY 2018 budget supports oil spill research and Trump's 'America First Energy' and includes $112 million in current appropriations and $92.9 million in revenue from rental receipts, cost recoveries and inspection fees.
RSP Permian named Uma L. Datla as chief accounting officer and James Schnoebelen as chief information officer, the Dallas-based company said May 24.
Callon Petroleum announced May 25 that Fred L. Callon, the company's chairman and CEO, died suddenly and unexpectedly Wednesday.
OPEC decided it would extend cuts in oil output by nine months to March 2018 on May 25, an OPEC delegate said according to a Reuters report.
U.S. crude oil inventories fell for the seventh straight week as refiners processed a near record amount of crude last week, the EIA said May 24, even as gasoline and distillate stockpiles also dipped.
The JV has fully sanctioned the construction of the 200 MMcf/d plant near Orla, Texas, and related infrastructure required to connect the Willow Lake system to the plant and multiple third-party pipelines.