Resources

22 September 2020

Denbury Resumes Trading on NYSE after Emerging from Bankruptcy

Denbury will now focus on leveraging its expertise and strategic assets into an emerging carbon capture, use and storage business following completion of its financial restructuring, CEO Chris Kendall says.

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22 September 2020

Matador Resources Releases Permian Basin Boros Well Results

Matador said it remains on track to turn all of the remaining Boros wells to sales over the next two weeks as originally planned and previously announced.

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17 September 2020

Permian Basin Operator Approach Resources Hitches Saddle to New Buyer

Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.

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17 September 2020

Industry Veteran Ted Williams Joins EnCore Permian as COO

Industry veteran Ted Williams will join EnCore Permian as partner and COO to lead its growing operations department as the Midland, Texas-based company transforms into an E&P company.

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17 September 2020

Milestone Wins Permit for New Mexico Slurry Injection Oilfield Waste Disposal Facility

Milestone Environmental Services LLC, the largest independent provider of oilfield waste disposal services in the U.S., said Sept. 15 that the New Mexico Oil Conservation Division (NMOCD) has approved the company’s permit for an oilfield waste slurry injection facility near Jal, in Lea County.

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17 September 2020

Brazos Midstream Selects Quorum Software to Streamline Data

Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, on Sept. 16 said that Brazos Midstream has selected its myQuorum TIPS gathering and processing solution to streamline data, simplify the settlement process and increase data accuracy.

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16 September 2020

U.S. Energy Development Acquires Interest in Permian Basin Project

Texas-headquartered U.S. Energy Development Corp. is diving into the Columbia Project development in the Permian Basin with Shell Oil Co., having acquired an $8.5 million interest in the project.

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14 September 2020

Shell Partners with Baker Hughes for Methane Detection in Permian Basin

SWEPI LP (Shell) reached an agreement with Avitas, a Baker Hughes venture, to expand the use of drones to enhance its existing methane leak detection and repair (LDAR) program in the Permian Basin in July 2020.

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14 September 2020

Ecopetrol Aims to Drill 100 Wells in Permian Basin by End-2021

Colombian oil company Ecopetrol, which entered a joint venture in the Permian Basin with Occidental Petroleum in November 2019, said it plans to drill another 22 wells this year.

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10 September 2020

Northern Oil & Gas Enters Permian Basin with Deal for EOG-operated Assets

After actively building data in the Permian Basin for two years, Northern CEO Nick O’Grady says he now sees a window of opportunity opening up for expansion of the company’s strategy outside of the Williston.

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10 September 2020

Concho Resources Eyes Efficiency Gains in Permian Basin

Simultaneous fracs are among the methods being discussed by some U.S. shale players to drill and complete wells faster and more efficiently.

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17 September 2020

Enterprise Cancels Midland-to-Echo 4 Pipeline Project

Amended agreements allow the company to move reduced volumes of Permian crude on existing pipelines.

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09 September 2020

US Shale Producers Race for Federal Permits Ahead of Presidential Election

Democratic candidate Joe Biden has stated that he does not want to ban fracking outright. However, his climate plan includes banning new oil and gas permits on public lands

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08 September 2020

ConocoPhillips Pulls Request for Extension of Flaring Permits at Multiple West Texas Sites

Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, on Sept. 16 said that Brazos Midstream has selected its myQuorum TIPS gathering and processing solution to streamline data, simplify the settlement process and increase data accuracy.

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01 September 2020

Updated: Top 12 IP Wells in the Eagle Ford

March 2020: Gonzales, DeWitt County, Texas, Eagle Ford Completions Reported by EOG Resources Inc.

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26 August 2020

Analysts See Frac Crew, Activity Growth Ahead for US Shale Sector

Most of the growth over the next year or so is expected to come from the Permian Basin and Eagle Ford Shale along with notable growth this year from some gas plays, analysts say.

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18 August 2020

Newpek Sells Out of Texas Shale Including Eagle Ford Joint Venture

The transaction has an implied value of $88 million for Newpek, resulting from the cancellation of its obligations in joint venture and operating contracts with Ensign and Reliance.

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17 August 2020

Eagle Ford Operator Penn Virginia Announces Retirement of CEO John A. Brooks

Concurrent with the retirement, Darrin J. Henke, an industry veteran who previously oversaw Encana’s entrance into the Eagle Ford and Permian Basins, was appointed as president, CEO and director of Penn Virginia.

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14 August 2020

Empire Petroleum Forms JV to Develop Recently Acquired East Texas Properties

Petroleum Independent & Exploration has identified the first of many workover/recompletion programs to potentially uplift field production in Empire Petroleum’s Fort Trinidad Field asset in Houston and Madison counties, Texas.

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