Conventional

North Sea Midstream Partners (NSMP) has announced the successful start-up of a new onshore electric-drive compressor which will increase gas flows from Breagh Field.

What have we learned in exploration from working, not just to find commercial hydrocarbons, but also to understand fluid dynamics among fossil fuels, waters and other gases? Apparently, a lot.

The assets, located in Weld County, Colorado, add 5,592 net leasehold acres, 89 approved well permits, and 26 operated horizontal wells, enhancing Prairie’s cash flow in the DJ basin.

The Department of the Interior has issued final guidance for states on applying for the first $775 million in grant funding available this year to address orphaned oil and gas wells under President Biden’s Bipartisan Infrastructure Law.

The deal is part of Occidental’s previously announced plan to divest assets to help fund its acquisition of closely held CrownRock LP.

Vital Energy and Northern Oil and Gas have agreed to acquire Point Energy Partners for $1.1 billion. The acquisition will increase Vital Energy’s Delaware Basin assets by 25%, bringing its total to 84,000 net acres.

Zephyr Energy plc has released initial results from the State 36-2R well at its Paradox Basin project in Utah. The early production test shows promising outcomes for the well, which was evaluated at various rates and choke settings.

In a unique state-university-industry collaboration, Dow, the State of Wyoming and the University of Wyoming have come together to enhance oil well productivity and recovery from existing fields and wells in Wyoming.

The acquisition, completed on May 3, allows ExxonMobil to more than double its footprint in the Permian basin, combining Pioneer's substantial acreage and industry expertise with ExxonMobil's technological leadership and financial strength.

Halliburton Company has recently unveiled GeoESP lifting pumps, a cutting-edge submersible borehole and surface pump technology tailored for geothermal energy applications.

U.S. shale executives are bracing for more megadeals in the U.S. oil industry — and some fear the consequences of consolidation.

Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry.

Occidental Petroleum Corp. has agreed to acquire Texas shale driller CrownRock LP in a cash-and-stock deal valued at about $12.0 billion, including the assumption of $1.2 billion in debt, as consolidation heats up in North America’s most-prolific oil basin.

U.S. oil producers are about to ease up on their growth in capital spending, indicating that the pace of shale output may slow down after American production rose to record levels this year.

Endeavor Energy, the largest closely-held oil and gas company in the Permian basin, is exploring a sale that could value it between $25 billion and $30 billion, according to Reuters.

(WO) — Vitesse Energy has acquired additional oil and gas interests in the Williston basin of North Dakota, resulting in approximately $50 million of acquisition and related development capital expenditures, primarily in the third and fourth quarters of 2023., the company said on Oct. 9.

(WO) — Halliburton Co. has announced the implementation of the Auto Pumpdown service within Halliburton’s hydraulic fracturing business. The Auto Pumpdown service enables wireline and pump automation during unconventional completions operations.

The plugging work at the Houston orphaned well will ensure that no hydrocarbons can leak from the well and pollute groundwater in the area. There has been no evidence of prior pollution.

Texas became the first state in the nation to begin plugging abandoned oil and gas wells using federal grants from the Infrastructure Investment and Jobs Act.

As our industry transitions over the coming years toward fully decarbonized energy, we will be facing the imperative of answering the demand for conventional energy with new priorities on capital stewardship, increased productivity, and greater environmental sustainability. Investing billions of dollars in large new greenfield developments will become more and more difficult to justify. Operators will turn to their existing assets to connect additional resources and extract more oil and gas from them, with the priority on projects with low breakeven, low carbon, and short payback. Electrification of production systems will provide answers for this situation. But while operators fully understand the value of electrification for greenfield developments, its benefit for existing mature fields is less well known. This webcast will focus on the benefits of electrification for wells, subsea, and topside in brownfield applications. During this discussion, we will expand on the new capabilities enabled by electric systems that will help push existing frontiers. In addition, we will address some beliefs and myths and demonstrate that incremental investment costs for electrification of existing fields can return a large value while reducing the carbon footprint of our industry.

The Railroad Commission of Texas will soon begin plugging more wells to continue its strong track record of plugging abandoned oil and gas wells in Texas.