Exploration & Production - Exclusives
Two-day marathon meeting leads to more bullish than expected oil output cuts by OPEC and its allies.
The USGS says it has identified the Permian Basin’s Wolfcamp Shale and overlying Bone Spring Formation in the Delaware as its ‘largest continuous oil and gas resource ever assessed.’
Plus, Mexico's new president takes a stance with oil majors, Berry Petroleum exits East Texas for California and Scotland-based Wood to build an NGL pipeline in West Texas.
Timothy Cutt, who most recently served as CEO of Cobalt International Energy, will join QEP Resources to serve as president and CEO of the pure-play Permian Basin company.
Two years after entering Oklahoma’s Scoop, both Gulfport Energy and Casillas Petroleum said they are seeing returns from highly-economic wells.
Today’s Forty Under 40 honoree is Lindsey McCarty, vice president of reservoir engineering and business development at EnCap-backed PayRock Energy II which focuses on the Anadarko Basin.
An undisclosed company, which Berry Petroleum CEO Trem Smith described as a local operator, agreed to acquire the East Texas Basin position where production is 100% gas for $6.7 million.
Analysts forecast global oil production in fourth-quarter 2018 will increase by about 705,000 bbl/d.
Denver-based FourPoint Energy is using acquisitions and a proprietary, region-wide database to create new value in the overlooked western Anadarko Basin.
Pundits weigh in on whether the stars will align for a successful 2019 and how the oil and gas industry can navigate the headwinds and tailwinds ahead.
While the Midland-to-Cushing oil price differential blew out to as high as $16 per barrel (bbl) over the summer, and still stands at about $10 in early November, it’s not why you might think. It’s not about pipeline constraints—yet, according to Midland producer and resident Steve Pruett. Speculators and a media frenzy are to blame for low oil prices in the Permian Basin.
Remember when rig count was the main barometer for oil and gas activity? It now appears well stimulation activity is adding a new wrinkle to industry metrics. While it is not hard to find stimulation fleet counts, it is difficult to find two that agree. Consequently, earnings commentary from publicly held stimulation firms has become an activity proxy.