Jennifer
Pallanich
Hart Energy
E&P Highlights: April 1, 2024
Here’s a roundup of the latest E&P headlines, including new contract awards.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
Evolution Petroleum Sees Progress on SCOOP/STACK, Chaveroo Operations
Evolution expects to participate in future development blocks, holding in aggregate over 70 additional horizontal well locations.
The Latest
E&P Highlights: April 15, 2024
Here’s a roundup of the latest E&P headlines, including an ultra-deepwater discovery and new contract awards.
The JF Petroleum Group Acquires General Contractor GE Goodson Service
Following the transaction, GE Goodson will operate as The JF Petroleum Group’s Midland branch on a go-forward basis.
Mexico Pacific Appoints New CEO Bairstow
Sarah Bairstow joined Mexico Pacific Ltd. in 2019 and is assuming the CEO role following Ivan Van der Walt’s resignation.
Trio Petroleum to Increase Monterey County Oil Production
Trio Petroleum’s HH-1 well in McCool Ranch and the HV-3A well in the Presidents Field collectively produce about 75 bbl/d.
Trillion Energy Begins SASB Revitalization Project
Trillion Energy reported 49 m of new gas pay will be perforated in four wells.
Exxon Ups Mammoth Offshore Guyana Production by Another 100,000 bbl/d
Exxon Mobil, which took a final investment decision on its Whiptail development on April 12, now estimates its six offshore Guyana projects will average gross production of 1.3 MMbbl/d by 2027.
W&T Offshore Adds John D. Buchanan to Board
W&T Offshore’s appointment of John D. Buchanan brings the number of company directors to six.
Lift-off: How AI is Boosting Field and Employee Productivity
From data extraction to well optimization, the oil and gas industry embraces AI.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row-Baker Hughes
The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.
Texas Earthquake Could Further Restrict Oil Companies' Saltwater Disposal Options
The quake was the largest yet in the Stanton Seismic Response Area in the Permian Basin, where regulators were already monitoring seismic activity linked to disposal of saltwater, a natural byproduct of oil and gas production.