electric hydraulic fracturing has proven to be a lower-cost, quieter and more environmentally friendly alternative to traditional diesel and dual-fuel equipment.
e-frac’s Benefits and Challenge’s
US oil production shatters records, surpassing Trump-era levels.
The United States is preparing for a significant increase in oil production. Recent reports from S&P Global Commodity Insights reveal a staggering prediction: 13.3 million barrels per day of crude and condensate during the fourth quarter of this year, making history.
Anadarko basin oil production to slip in January
The Energy Information Administration reported production of crude oil in December averages 392,000 barrels a day but in January, it is expected to decline to 389,000 barrels a day.
US oil production hits record high with fewer rigs drilling more wells
From west Texas and eastern New Mexico north to North Dakota, oil producers are increasing their production from fewer rigs. The ramped-up production is more than what the analysts expected and now it’s at a record pace. This is a result of drilling rigs spudding on average of 2 more wells per year.
Battalion Oil Corporation Announces Acquisition By Fury Resources, Inc.
Battalion Oil Corporation (NYSE American: BATL) (“Battalion” or the “Company”) announced today that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Fury Resources, Inc. (“Buyer” or “Parent”), pursuant to which Parent will acquire all of the outstanding shares of Common Stock of the Company (the “Common Stock”), for $9.80 per share in cash (the “Merger Consideration”), which represents a total transaction value of approximately $450 million.
Rockcliff Energy to be Acquired by TG Natural Resources
Rockcliff Energy II LLC, (“Rockcliff”), a portfolio company of Quantum Energy Partners (“Quantum”), today announced the entry into a definitive agreement with TG Natural Resources LLC (“TGNR”), in which TGNR will acquire 100% of the membership interests in Rockcliff for US$ 2.7 billion, prior to customary adjustments (the “Transaction”).
Callon Reportedly Mulls Options Amid Buyer Interest
Permian Basin explorer Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, according to Bloomberg News, as dealmaking accelerates in the U.S. energy industry.
Howard Energy Partners Announces Completion of $800 Million in Growth Projects and Record Volumes in 2023
Howard Energy sets record volume growth, representing total current natural gas throughput of over 2.5 Bcf/d and total terminals throughput of more than 160,000 bpd
Shell to boost oil production from U.S. Gulf of Mexico with Great White project approval
Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for a phased campaign to deliver three wells in the Great White unit designed to boost oil production at the Shell-operated Perdido spar in the U.S. Gulf of Mexico (GoM).
Fastest growing occupation in the US? Wind farm technician
America’s fastest-growing occupation—that of being a wind farm technician. Someone has to maintain those wind farm towers that perch across Oklahoma’s landscape and that of other states.