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Category: Oil & Gas News

Select Water Solutions, Endeavor Energy Resources Complete Water Recycling Job

August 16, 2023 Author: phinds Category: Oil & Gas News

Endeavor project, located in Martin County, Texas, achieved recycling and delivery rates up to 300,000 bbl/d of water and totaled more than 8.2 MMbbl of produced water.

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Haynesville Seen Leading Lower 48 Natural Gas Production Decline in September

August 16, 2023 Author: phinds Category: Hayneville

Natural gas production from seven key onshore Lower 48 regions will ease lower from August to September but remain above 98 Bcf/d, according to the latest modeling from the U.S. Energy Information Administration (EIA).

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Occidental signs deal to buy Carbon Engineering for US$1.1 billion

August 16, 2023 Author: phinds Category: Oil & Gas News

Occidental Petroleum Corp. has signed a deal to buy Canadian company Carbon Engineering Ltd. for US$1.1 billion.

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Vaquero Midstream buys Chevron assets in ECTOR & ANDREWS Counties

August 15, 2023 Author: phinds Category: Oil & Gas News

Vaquero Midstream is an independent, large-scale rich gas gathering and processing business that traverses the core of the Southern Delaware Basin buys facilities from Chevron

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CHESAPEAKE ANNOUNCES SALE OF FINAL EAGLE FORD PACKAGE FOR $700 MILLION

August 15, 2023 Author: phinds Category: Oil & Gas News

Chesapeake Energy Corporation (NASDAQ:CHK) today announced that it has executed an agreement to sell its remaining Eagle Ford assets to SilverBow Resources, Inc. (NYSE:SBOW) for $700 million, bringing the total proceeds from its Eagle Ford exit to more than $3.5 billion.

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Continental Resources reports 1,800 barrel production off two Ratliff City wells

August 14, 2023 Author: phinds Category: Oil & Gas News

Southern Oklahoma exploration by Continental Resources paid off earlier this year with a two-well, single-pad effort that resulted in 1,800 barrels of oil a day.

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Occidental Petroleum Win DOE Grant for $1.2 billion Carbon Capture Project

August 14, 2023 Author: phinds Category: Oil & Gas News

The DOE said it will spend up to $1.2 billion on the development of two commercial-scale direct air capture (DAC) facilities in Texas and Louisiana. The South Texas DAC Hub in Kleberg County, Tex. will be handled by Occidental’s subsidiary, 1PointFive, and its partners.

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Permian Resources Announces Q2 2023 Results

August 11, 2023 Author: phinds Category: Oil & Gas News

Permian Resources had a strong operational and financial quarter, driven by robust well results across both Texas and New Mexico.

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Earthquake in Oklahoma results in temporary shutdown of completion of Paloma Resources well

August 11, 2023 Author: phinds Category: Oil & Gas News

A small earthquake early Thursday morning near Union City in Canadian county resulted in state regulators enforcing their earthquake mitigation plan and the temporary shutdown of a well completion process.

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Vital Energy Reports Q2 2023 Financial and Operating Results

August 10, 2023 Author: phinds Category: Oil & Gas News

Vital Energy expects to operate three drilling rigs and approximately 1.7 completions crews across the Company’s Midland and Delaware basin assets in 2024. The Company expects to complete and TIL 70 – 75 gross (58 – 62 net) wells in 2024, a slight increase versus 2023.

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