Exploration & Production
The assessment put the region among the top five largest continuous resources for oil and gas in the U.S.
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
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.
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.
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.
Also this week, Drillinginfo Co-founder Allen Gilmer discusses the company's bevy of recent deals.
"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.
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.
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.
Jalapeño Corp. retained EnergyNet as its exclusive adviser to market their interest within the Permian Basin located in Eddy and Lea counties, N.M.