EOG Resources is rapidly expanding its operations in Ohio’s Utica shale play, with activity concentrated in Carroll, Noble, Harrison, and Belmont counties. The company is partnering with key drilling contractors like H&P and Patterson to support its increased rig deployment and steady monthly activity growth throughout 2024. EOG’s COO, Jeff Leitzell, emphasized the strategic importance of the Utica shale and plans for further capital investment if current successes continue.
Chevron’s Path to 300,000 BOE Per Day: A Deepwater Expansion in the U.S. Gulf of Mexico
Chevron has been making waves in the U.S. Gulf of Mexico, a region that is fast becoming a cornerstone of the company’s production growth. With ambitious plans to increase production to 300,000 net barrels of oil equivalent (BOE) per day by 2026, Chevron is leveraging advanced technology and strategic project execution to unlock the region’s vast potential.
ConocoPhillips Expands North Slope Footprint with $300 Million Acquisition from Chevron USA
In a significant move reflecting its ongoing commitment to Alaska’s North Slope, ConocoPhillips has announced a $300 million deal to acquire portions of the Kuparuk and Prudhoe Bay oil fields from Chevron USA. This transaction is expected to close by the end of 2024 and reinforces ConocoPhillips’ position as a key player in the region, even as other major oil companies have gradually withdrawn.
Mach Natural Resources LP Finalizes $136 Million Acquisition of Oil and Gas Assets in Oklahoma and Kansas
Oklahoma City-based Mach Natural Resources LP has successfully completed the acquisition of oil and gas assets across Oklahoma and Kansas, further solidifying its position as a key player in the region.
SM ENERGY ANNOUNCES CLOSING OF UINTA ACQUISITIONS
SM Energy Company (the “Company”) (NYSE: SM) announced today that it has closed the previously announced Uinta Basin acquisition of an 80% undivided interest in the oil and gas assets of XCL Resources, LLC
National Rig Numbers Dip in the U.S. – Baker Hughes
The latest Baker Hughes rig count summary
DeLa Express Pipeline: A Game-Changer for U.S. Energy Infrastructure
The DeLa Express pipeline is a long-haul, large-diameter system designed to transport liquids-rich natural gas from the Permian Basin in West Texas to the U.S. Gulf Coast, with the capacity to serve international export markets. This 645-mile, 42-inch diameter mainline will be complemented by 139 miles of associated laterals, forming a massive energy conduit capable of transporting over 2 billion cubic feet per day (BCF/d) of natural gas and liquids.
Most basins holding steady in the U.S. – Baker Hughes
The latest Baker Hughes rig count summary
Verdun Oil Update
Verdun Oil Company, a privately-held operator, plays a significant role in the oil and gas industry, focusing primarily on the prolific Eagle Ford Shale and Giddings Field.
Sabalo Energy, LLC buys Oxy USA assets in Andrews County, TX
Sabalo Energy, LLC, with its headquarters in Corpus Christi, Texas was transferred oil & gas facilities from Oxy by Texas Commission on Environmental Quality (TCEQ) in September.