Peregrine Energy continues to drive value with latest acquisition in the historic Tinsley Field. DENVER, COLORADO, UNITED_STATES, November 7, 2018 — Peregrine...
OKLAHOMA CITY, Nov. 5, 2018- PANHANDLE OIL AND GAS INC.(NYSE: PHX) today reported that it has entered into a definitive agreement to...
A well operated by Roan Resources, LLC in township 9N-5W of Grady County, Oklahoma has been permanently shut down after an earthquake...
Houston oilfield services company Baker Hughes reported Friday its weekly rig count report. The U.S. oil drilling rig count declined this week...
Encana Corp. on Thursday said it agreed to buy fellow oil-and-gas company Newfield Exploration Co. in a stock swap valued at about...
CNBC – The Trump administration has cut down Iran’s oil exports more quickly than many expected, but just days before a White...
Chesapeake Energy Corp. (NYSE: CHK) on Oct. 30 announced a blockbuster deal for WildHorse Resource Development Corp. (NYSE: WRD) worth nearly $4 billion the...
Continental Resources Earnings Estimates: Analysts expect Continental Resources earnings to soar 800% to 81 cents per share with revenue up 66.7% to $1.21 billion....
The Texas oil field boom, sometimes called the gusher age, was a period of dramatic change and economic growth in the U.S. state of...
(Bloomberg Opinion) — U.S. crude oil production is on track this year to blast through the all-time annual record of 3.52 billion barrels set in...
Saturn Oil & Gas Inc.'s first Open Hole Multi-Lateral (OHML) Bakken well in Southeast Saskatchewan showcased impressive results, with initial production significantly exceeding expectations. The well, drilled with eight open hole, and unstimulated lateral legs, achieved an initial 30-day average production of approximately 233 barrels per day of light oil.
This performance, 49% above the company's expected production curves, demonstrates the effectiveness of OHML drilling. These wells have smaller surface footprints and require less water compared to conventional techniques, enhancing their economic viability. Following this success, Saturn has identified up to 100 OHML drilling locations in the area, suggesting a potential for significant expansion and development in this region
The dramatic decrease in U.S. benchmark natural gas prices, averaging $2.57 per MMBtu in 2023, was a result of a unique combination of factors. Record-high natural gas production, primarily in the Permian, Haynesville, and Appalachia regions, significantly outpaced growth in consumption, leading to this price drop.
Production levels also reached an all-time high of 104 billion cubic feet per day, 4% higher than the previous year. In contrast, demand only saw a 3% increase due to higher exports and a slight rise in natural gas used for electricity generation.
Mild winter temperatures, particularly in January and February, also played a role, leading to reduced consumption in the residential and commercial sectors and the lowest total U.S. natural gas consumption for these months in seven years
Mineral rights fragmentation is not a temporary crisis but an inherent, perpetual friction in...
Natural gas remains the leading source of electricity generation in the United States, but...
by Bloomberg, via RigZone.com | F.Kozok, S.Hacaoglu | Turkey plans to sign new energy deals with...
President Donald Trump used his address at the United Nations General Assembly this week...
West Texas holds a treasure trove of natural gas that could become a critical...
TotalEnergies has signed an agreement with Continental Resources to acquire a 49% interest in...
by Bloomberg [via RigZone.com] |Veena Ali-Khan, Mia Gindis| Oil notched its biggest weekly gain...
By DANIEL JONES, US CONSUMER EDITOR | Daily Mail | and REUTERS | Exxon Mobil...
By Mella McEwen,| Midland Reporter Telegram | John Sellers and Cody Campbell, co-chief executive officers...
By Claire Hao, Staff Writer| Houston Chronicle| Vistra plans to build two new natural gas...
AXP Energy has confirmed the presence of hydrocarbons in multiple pay zones at its...
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