Exploration & Production

USGS Report Shows Oil, Gas Richness Of Eagle Ford

The assessment put the region among the top five largest continuous resources for oil and gas in the U.S.

Jun 22 2018 - 2:18pm

Report: US Oil Drillers Cut Rigs For First Time In 12 Weeks

Active rigs in the Permian declined by two this week to 473—their lowest level in five weeks—as pipelines out of the reach are expected to force smaller producers to slow or shut-in production

Jun 22 2018 - 2:10pm

Congo Republic Becomes OPEC's Newest Member

The government of Congo said in January that it wanted to join OPEC as it moves ahead with new projects that could help it become sub-Saharan Africa's third-largest oil producer.

Jun 22 2018 - 11:00am

Appalachian Basin Activity Highlights: June 2018

Larry Prado, Hart Energy’s activity editor, summarizes recent action in Appalachia shale plays including a Marcellus completion with the longest lateral to date, according to EQT.

Jun 21 2018 - 1:40pm

Chevron’s Venture Capital Arm Launches $100 Million Fund

Investments from the new fund are expected to focus on disruptive technologies that reflect the company’s commitment to lower emissions from oil and gas.

Jun 21 2018 - 10:40am

Headlines: OPEC Considers Output; US Shale Producers Talk Tariffs

Also this week, Drillinginfo Co-founder Allen Gilmer discusses the company's bevy of recent deals.

Jun 21 2018 - 10:17am

Hess CEO: Focus On Returns Now Will Hurt Long-Term US Shale Investment

"Investor sentiment in the last year has really, markedly changed. I'd say it's gone from, 'drill, baby, drill,' to 'show me the money,'" says Hess CEO John Hess speaking at the OPEC International Seminar.

Jun 21 2018 - 10:15am

US Oil Producers Face Output Squeeze As Permian Pipelines Fill

Pioneer's Scott Sheffield said this week that overall Permian output could flatten in the 12-month period ending September 2019, when proposed pipelines are completed.

Jun 21 2018 - 9:30am

Venezuela Says US Sanctions Hurt Oil Market Stability

U.S. sanctions on Venezuela are an attack against the stability of the global oil market, Venezuelan Oil Minister Manuel Quevedo said on June 21.

Jun 21 2018 - 9:13am

Marketed: Permian Basin Position, Eddy And Lea Counties, New Mexico

Jalapeño Corp. retained EnergyNet as its exclusive adviser to market their interest within the Permian Basin located in Eddy and Lea counties, N.M.

Jun 21 2018 - 8:55am