Onshore
News
April 25, 2025
LUFKIN Industries has launched its LWM 2.0 with NOVAWAVE鈩 solution to address the unique pressure, friction, and gravitational effects encountered in deviated horizontal wells, allowing operators to maximize production in real-time with validated data.
News
April 22, 2025
Halliburton fell sharply after warning investors that tariffs will impact a wide swath of the company鈥檚 business units. Halliburton is the first major company in the U.S. oil industry to disclose a specific financial impact from the global trade war.
News
April 17, 2025
Liberty Energy Inc., one of the biggest U.S. fracing companies, expects most producers to stick with their production plans as long as crude prices can hang on near current levels.聽Denver-based Liberty's shares are down about 20% since Trump announced tariffs earlier this month.
News
April 16, 2025
Shale fracing major Liberty Energy Inc., formerly run by U.S. Energy Secretary Chris Wright, posted its worst earnings in three years amid plunging oil prices and mounting concerns about energy demand.
News
April 16, 2025
Vista Energy has acquired Petronas' 50% stake in the Vaca Muerta shale basin in a deal valued at $1.5 billion USD. Vista estimates that the area, known as La Amarga Chica (LACh) could potentially hold 400 new well locations to be drilled in its inventory (at 100% working interest). The remaining 50% of LACh is held by operator YPF S.A.
News
April 11, 2025
The number of U.S. rigs drilling for crude fell by nine to 480 this week, the biggest drop since June 2023. Domestic oil prices have been hovering around the low $60s-a-barrel, below levels that energy executives have said they need to make new drilling profitable.
News
April 09, 2025
The market rout sparked by President Donald Trump鈥檚 trade war is touching almost every part of the economy. But there are probably few industries feeling more aggrieved right now than U.S. shale oil.
News
April 08, 2025
The sudden plunge in oil prices begs the question, what if WTI prices go as low as $50 per barrel? At that level, U.S. Lower 48 onshore crude oil production could decline by more than 1 million bpd over 12 months, according to S&P Global Commodity Insights.
News
April 07, 2025
A top executive at Diamondback Energy Inc. called on President Donald Trump鈥檚 administration to explain how the global trade war will help shale producers, a rare instance of public pushback from a U.S. oil boss.聽
Article
March 2025
In December 2024, CNX Resources Corp. acquired Apex Energy for $505 million to expand their Marcellus and Utica shales foothold. However, private producers in the U.S. shale sector, in general, have been divesting assets at a fast clip, with 2024 setting a record at $40.7 billion in divestitures and acquisitions.聽聽聽
News
April 04, 2025
The Railroad Commission of Texas on Friday released its figures for March drilling in the state, showing a noticeable gain over the previous month鈥檚 number. The overall figure also tied the level achieved in January.
News
April 03, 2025
TIPRO has published a new report highlighting the continued success of oil and natural gas producers in the U.S., Permian basin and Texas in maintaining low emissions despite record oil and gas production levels. The report is part of TIPRO's "Texans for Natural Gas" campaign.
News
April 02, 2025
Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. The pipeline is seen as integral to starting production from several fields.
News
April 01, 2025
Sinopec announced the discovery of over 140 million tonnes (MMt) of proven reserves of shale oil at its Shengli Oilfield in East China. This is the first shale oil field with proven reserves of over 100 MMt to be certified by China's Ministry of Natural Resources.
News
March 19, 2025
Citadel has agreed to buy assets from closely held Paloma Natural Gas in a deal valued at about $1 billion, people familiar with the matter said. The acquisition gives the hedge fund access to acreage and producing assets, though it will not operate them directly.聽
News
March 18, 2025
Malaysia鈥檚 Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country鈥檚 booming Vaca Muerta fields as several international drillers also look to divest from the region.
News
March 13, 2025
(WO) - With the general sense of excitement about U.S. production carrying over from panels earlier in the week, ExxonMobil鈥檚 panel on operations in the Permian basin convened with great enthusiasm during day three of CERAWeek 2025 by S&P Global.
News
March 07, 2025
Caterpillar Oil & Gas has developed its new Caterpillar庐聽Gas Mechanical System (GMS), a fully integrated power solution, purposefully built to bring optimum mechanical efficiency and simplicity to frac operations, while utilizing 100% natural gas.
News
February 20, 2025
Wood has been awarded a $120 million contract extension by Shell UK to provide brownfield engineering, procurement and construction (EPC) and subsea and integrity management to onshore and offshore assets across the UK.
News
February 20, 2025
Ecopetrol SA sees 鈥済reat potential鈥 for E&P activity in Colombia alongside bets on U.S. fracing and offshore gas.聽Ecopetrol has full ownership of the CPO-09 block in Colombia's oil-rich eastern plains after completing its $452 million acquisition of Repsol SA鈥檚 45% stake.
News
February 18, 2025
Zion Oil & Gas announced a significant operational milestone as work resumes on the recompletion of the Megiddo-Jezreel 1 (MJ-01) well in Israel. This marks a crucial phase in Zion鈥檚 ongoing efforts to unlock Israel鈥檚 onshore energy potential.