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ExxonMobil Says Adios to Barnett in $750M Deal with Denver’s BKV
Permian Basin
Permian Pure-Play Laredo Sees Diesel, Chemical Costs as Wildcards
Laredo Petroleum Inc. has locked in pricing for most of its oilfield services operations through the rest of this year to counter inflation, but costs for the diesel fuel and chemicals needed to sustain them remain harder to predict. “We worked with our service partners to lock in 85% of expected drilling, completions, equipment and…
May 20, 2022E&P
Big Surge in Texas Drilling Leads U.S. Upstream Oil and Gas Activity Higher
A big surge in oil-directed drilling, headlined by gains in the Permian Basin and Eagle Ford Shale, helped lift the U.S. rig count 14 units higher to 728 during the week ended Friday (May 20), according to the latest figures published by Baker Hughes Co. (BKR). Thirteen oil-directed rigs were added in the United States…
May 20, 2022Earnings
Calgary’s Headwater Riding Oil, Natural Gas Growth Wave, with Capital Jumping 59%
Headwater Exploration Inc. plans to boost its average daily output 33% by the end of this year, the Calgary-based independent said. “Our business continues to evolve with a very strong growth outlook for the foreseeable future,” management said in the earnings report for the first quarter. The producer reported 1Q2022 average output of 12,414 boe/d,…
May 20, 2022E&P
U.S. OFS Jobs Jump by 8,600-Plus in April from March
U.S. oilfield services (OFS) and equipment sector employment reached an estimated 622,309 jobs in April, its highest level since September, the Energy Workforce & Technology Council reported in early May. “Oil and gas demand has continued to increase, and global demand will continue to rise as more countries cut off imports of Russian energy resources,”…
May 19, 2022Trending News
Earnings
