Mike Wirth, Chevron’s CEO, discussed in a resent interview the robust and growing global demand for oil, driven by economic expansion in key regions like the U.S., China, and Europe.
Ascent Resources Utica Holdings, LLC reported a strong first quarter in 2024, with net production averaging 2.2 billion cubic feet equivalent per day and liquids production up 38% year-over-year.
Secondary containment in the oil and gas industry refers to a protective measure designed to prevent the release of hazardous substances, such as oil or chemicals, into the environment in case of equipment failure or accidental spills.
Riley Permian Operating Company ranks #146 in wells drilled in the US in 2023 with 14 wells drilled in Texas. Download drilling report.
ATCO Ltd. is planning to build a 200-kilometre natural gas pipeline along the Yellowhead Highway west of Edmonton to support a major net-zero petrochemical project near the Alberta capital, the utilities company announced Wednesday.
The North Dakota Industrial Commission approved a pilot project from XTO Energy to start enhanced oil recovery (EOR).
Total revenues and other sources amounted to $887.7 million, indicating strong business activity and demand for the company’s services.
Operational efficiencies led to faster well completion, significantly contributing to the increased production volumes.
The company achieved an 11% increase in average daily crude oil production to 151,794 barrels and a total average production of 319,514 barrels of oil equivalent per day. Financially, Permian Resources generated $648 million in net cash from operating activities and $324 million in adjusted free cash flow.
Williams reported strong first quarter financial results for 2024, with an adjusted net income of $719 million and an adjusted EBITDA of $1.934 billion, marking significant increases from the previous year.
