Oil wildcatting is the process of drilling exploratory wells in areas with little to no history of oil and gas production. Wildcatting is a high-risk activity that involves drilling in unproven or fully depleted areas. Wildcat wells are often drilled far from other wells and without the use of well logs or other geological data….
Read More...MDN reported that in early October that Infinity Natural Resources (INR) filed an IPO with the Securities and Exchange Commission (SEC) hoping to raise $100 million (see M-U Driller Infinity Natural Resources Files for $100 Million IPO). Citigroup, Raymond James, and RBC Capital Markets were the original Big Bank underwriters. At the end of November,…
Read More...Iroquois Gas Transmission’s Enhancement by Compression (ExC) project would increase horsepower at three compression stations — two in New York and one in Connecticut — by an extra 125 MMcf/d, to flow more Marcellus/Utica gas into New York City and New England. The two NY compressors include one in Dover and one in Athens. The…
Read More...Exxon is lowering drilling and completion costs, boosting EURs by 15% with custom proppant and considering upside from less developed Permian Basin zones. This post appeared first on Hart Energy.
Read More...Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin. This post appeared first on Hart Energy.
Read More...Berlin Resources has retained EnergyNet for the sale of working interest participation in McClain County, Oklahoma. This post appeared first on Hart Energy.
Read More...NOV Inc. appointed former Denbury CEO Chris Kendall to its board, which has expanded to 11 directors. This post appeared first on Hart Energy.
Read More...The Department of Energy study tied to the yearlong pause on LNG permits may be released as soon as Dec. 17. This post appeared first on Hart Energy.
Read More...The Baker Hughes national rig count dramatically increased two weeks ago, adding seven rigs for a national count of 589 (see OH Drops 1, PA Adds 1 Rig; National Rig Count Soars, Adds 7 @ 589). Last week, the national count didn’t change, and we are holding on to the gains made the previous week…
Read More...We’ve brought you the news (a number of times) of how Encino Energy was the first driller to figure out how to coax large quantities of oil from the Ohio Utica Shale (see Oil Prod. in Northern Utica Comes Alive – Encino Cracks Oil Code). According to Encino founder and CEO Hardy Murchison, the oil…
Read More...The Kosciusko Junction Pipeline Project, led by Gulf South Pipeline Company, LLC (a subsidiary of Boardwalk Pipelines), involves constructing approximately 110 miles of 36-inch natural gas pipeline. The project has an estimated cost of $1 billion and is supported by a 20-year agreement with an anchor customer. It is designed to transport up to 1.16…
Read More...A December 11 Pennsylvania Department of Environmental Protection (PA DEP) inspection of a shale gas well pad and water impoundment owned by Nucomer Energy LLC in Hickory Township, Forest County, found the company still had not done final cleanup of the site more than 12 years after the wells were completed and 33 months after…
Read More...In early 2023, Digihost Technology, a Canadian crypto mining company, bought the Fortistar gas-fired power plant in North Tonawanda, NY, a town close to Niagara Falls, in order to use it to power Digihost’s Bitcoin computers (see Canadian Bitcoin Operator Completes Purchase of WNY Gas-Fired Plant). Big Green kicked up a fuss, with lawyers from…
Read More...Operators wanting to grow oil inventory organically are finding promising potential as modern drilling and completion costs have dropped while adding inventory via M&A is increasingly costly. This post appeared first on Hart Energy.
Read More...The Chinese oil and gas major said CNOOC Energy Holdings U.S.A. entered into a sales agreement with a subsidiary of INEOS relating to CNOOC’s upstream oil and gas assets in the U.S. part of the Gulf of Mexico. This post appeared first on Hart Energy.
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