Oklahoma’s McClain County was the site of another strong oil well, this time by EOG Resources of Oklahoma City. The well produced more than 1,000 barrels of oil a day.
EOG Resources McClain County well 1,000 barrels a day production
EOG Plans More Drilling in OH Utica
Helms had some very interesting comments on his company’s strategy moving forward–a strategy of keeping drilling activity in the Permian about even (not expanding), but increasing drilling activity in other plays, including the Ohio Utica.
Surge Energy Top 100 Private Companies headquartered in Houston, TX
Surge Energy Ranked 16th on the list of top private companies as determined by the Houston Chronicle.
Kodiak Gas Services aims for $1.65 billion valuation in US IPO
Kodiak Gas Services looking to sell 16 million shares in its initial public offering priced between $19 and $22 apiece. It is expected to raise about $352 million at the top of the proposed range.
Baytex announces closing of Ranger acquisition and updated guidance for 2023
Baytex average production for the second quarter of 2023 is estimated at 88,500 to 89,000 boe/d, which includes production from Ranger for the 11 days following closing of the Merger.
Pipeline Industry in Texas has $61 billion impact on state
Pipeline industry had a more than $60 billion economic output in Texas in 2022.
Woodland Development Corp. buyer of Vermilion’s southeast Saskatchewan assets
Woodland Development Corp., “a private light oil and gas exploration and development company focused on the conventional oil and gas reservoirs of SE Saskatchewan
Caracara Services and Battalion Oil to develop Amine Treater in the Permian
Dallas-based Caracara Services has formed a joint venture with a subsidiary of Houston-based Battalion Oil Corporation to develop and fund Brazos Amine Treater
Patterson-UTI to Buy NexTier Creating Shale-Services Giant
Patterson-UTI Energy Inc. agreed to acquire NexTier Oilfield Solutions Inc. in an all-stock deal worth $1.9 billion that forms one of the shale sector’s biggest providers of drilling and fracking services.
Permian Basin expected to lead Texas in percentage growth in jobs and output
Permian adding over 11,000 jobs by 2027