The latest report from Baker Hughes indicates a rise in the U.S. rig count, reflecting a higher number of rigs engaged in oil and natural gas exploration.
U.S. Rig Count Rises: Increased Exploration Activity
Improved Efficiency the biggest impact of Drilling Rig High-Grading
Advanced rigs with modern technology can drill faster and more accurately, reducing the overall time required to complete wells.
EOG Resources’ Strategic Focus on Organic Growth Yields Impressive Results Amid Industry’s M&A Boom
EOG Resources stands out in the oil and gas industry for its steadfast commitment to organic growth, focusing on exploring and developing new resource plays rather than pursuing large mergers and acquisitions (M&A).
Rig count from Baker Hughes – National total gained four rigs to reach 585
The latest rig count from Baker Hughes Co. showed the national total gained four rigs to reach 585
Devon Energy to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion
Devon Energy (NYSE: DVN) announced today it has entered into a definitive purchase agreement to acquire the Williston Basin business of Grayson Mill Energy in a transaction valued at $5 billion, consisting of $3.25 billion of cash and $1.75 billion of stock to the sellers. The transaction is subject to customary terms and conditions, including various purchase price adjustments, and is expected to close by the end of the third quarter of 2024, with an effective date of June 1, 2024.
Ascent Resources 2023 Sustainability Report: Commitment to Excellence in Environmental, Social, and Governance Practices
Key highlights of the report include Ascent’s continued commitment to environmental stewardship, social responsibility, and robust governance practices. The company has made significant strides in emissions management, water conservation, land use, and community engagement. Ascent’s efforts are underpinned by a strong governance structure, a dedicated and talented workforce, and a relentless pursuit of operational excellence.
Citizen Energy III LLC
Citizen Energy is currently focused on developing horizontal play concepts in the onshore region of the United States. Our management team features extensive horizontal technical experience throughout Oklahoma, Texas, Arkansas and Louisiana.
AI and ML Workflows Enhance ConocoPhillips’ Decision-Making for Permian Basin Assets
ConocoPhillips is leveraging automated artificial intelligence (AI) and machine learning (ML) workflows to make more efficient and economically sound decisions for its nonoperated assets in the Permian Basin. According to Tom Williford, a reservoir engineer at ConocoPhillips, these tools are crucial for rapidly evaluating opportunities and responding to asset operators within the required decision-making window, typically 30 days.
New Mexico Cracks Down on Air Quality Violations Amid Oil and Gas Boom in Permian Basin
As oil and gas production surges in New Mexico’s Permian Basin, state and federal regulators are intensifying their enforcement of environmental laws.
Diamondback Energy (FANG): Approaching Buy Point Amid Oil Price Recovery and Strong Q1 Earnings
Diamondback Energy (FANG) has been highlighted as the IBD Stock of the Day, nearing a buy point amidst a recovery in oil prices and rising demand heading into the July Fourth holiday.
