United States
Rig Counts
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks: Baker Hughes
The oil and gas rig count rose by one to 604 in the week to May 17.
Renewables , Bioenergy/Biomass , Hydrogen , Solar , Wind , Policy & Regulations
Energy Transition in Motion (Week of May 17, 2024)
Here is a look at some of this week’s renewable energy news, including more moves by the U.S. to strengthen and protect the U.S. solar panel manufacturing sector from China.
Shale Plays , Field Development , Video Coverage , Super DUG
Apache CEO: Longer Laterals Expected as Permian Enters New Era
With more than a decade of development in the Midland and Delaware basins, there are more limitations that operators will have to work around, said Apache Corp. CEO John Christmann at Hart Energy's SUPER DUG Conference & Expo.
Finance , Super DUG , Private Equity , Public Capital
Sector’s Appetite for Capital Remains Amid Consolidation Frenzy, Panelists Say
There’s still an appetite for capital in the oil and gas sector—companies just need to think creatively to find it, a number of panelists said during SUPER DUG in Fort Worth, Texas.
Acquisitions & Divestitures , Business , Shale Plays
Could Crescent, SilverBow Buy More in South Texas After $2.1B Deal?
The combination of Crescent Energy and SilverBow Resources will yield one of the Eagle Ford’s top producers—and the pro forma E&P could look to gobble up more acreage in South Texas after closing.
Policy & Regulations , Lease Sales
Oil, Gas Groups Sue BLM to Block Increased Federal Drilling Fees
Under new U.S. Bureau of Land Management rules, royalty rates will jump to 16.67% from 12.5% and minimum lease bonds will increase to $150,000 from $10,000, which industry groups say will deter future oil and gas development.
Super DUG , Exploration & Production , Shale Plays , Acquisitions & Divestitures
SUPER DUG Shale 4.0 Era about Building Scale- Rystad
The Shale 3.0 era or capital discipline era will be followed by the Shale 4.0 era, which will see companies focused on building scale, according to Rystad Energy Senior Shale Analyst Matthew Bernstein.
Exploration & Production , Gathering & Processing , Crude Oil
BPX Looks to Ramp US Production Over 60% by 2030
BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
Artificial Intelligence , Machine Learning , Exploration & Production , Super DUG
Quantum Capital’s View on AI: Lots of Benefits, Pain Points
The energy industry is lagging in the race to implement AI, but Sebastian Gass, CTO of Quantum Capital Group, offered a few solutions during Hart Energy’s 2024 SUPER DUG Conference & Expo.
Discoveries , Field Development , Exploration & Production
Empire Petroleum’s Williston Drilling Program Identifies New Zones
Empire Petroleum provided updates on its Williston Basin development drilling program in its first quarter 2024 earnings results.