Onshore

U.S. Onshore D&C Spending Cuts to Far Outpace Oil Output Decline in 2021, Rystad Says

U.S. Onshore D&C Spending Cuts to Far Outpace Oil Output Decline in 2021, Rystad Says

Oil production from U.S. shale plays is likely to hit a floor in 2021 with no further declines expected in a $40 to $45/bbl West Texas Intermediate (WTI) price environment, according to new analysis by Rystad Energy. Output is expected to fall by an estimated 3.1% year/year to 7.5 million b/d in 2020 from 7.7…

November 19, 2020
Oil, Gas Environmental Partnership Expands to Include Pipeline Companies

Oil, Gas Environmental Partnership Expands to Include Pipeline Companies

The Environmental Partnership, a coalition of oil and natural gas producers formed to accelerate improvements to environmental performance in U.S. onshore operations, said Wednesday it has expanded its membership to midstream companies. The addition of pipeline companies has more than tripled the organization’s membership to 83 participants. The Environmental Partnership was formed in December 2017.…

July 16, 2020

4Q2019 Earnings: Noble Ties Natural Gas Growth to Leviathan, with Lower 48 Liquids Driven by DJ, Permian

Houston-based Noble Energy Inc. spent less and produced more in 2019, boosted by the ramp of the Leviathan natural gas field offshore Israel and better performance from Lower 48 properties in Colorado and Texas.

February 12, 2020

Lower 48 to Lead Oilfield Equipment Spending in 2020s, Says Westwood

Led by onshore spending in the United States, oilfield equipment (OFE) expenditures should continue to increase in the 2020s, reaching a forecast peak of $133 billion in 2023, according to Westwood Global Energy Group.

February 3, 2020
Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta

Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta

Norway’s Equinor SA and Royal Dutch Shell plc have have jointly purchased a 49% interest held by Schlumberger Ltd. in the Bandurria Sur onshore block in Argentina’s Neuquén province.

February 3, 2020

Lower 48 to Lead Oilfield Equipment Spending in 2020s, Says Westwood

Led by onshore spending in the United States, oilfield equipment (OFE) expenditures should continue to increase in the 2020s, reaching a forecast peak of $133 billion in 2023, according to Westwood Global Energy Group.

February 3, 2020

Lower 48 to Lead Oilfield Equipment Spending in 2020s, Says Westwood

Led by onshore spending in the United States, oilfield equipment (OFE) expenditures should continue to increase in the 2020s, reaching a forecast peak of $133 billion in 2023, according to Westwood Global Energy Group.

February 3, 2020
Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta

Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta

Norway’s Equinor SA and Royal Dutch Shell plc have have jointly purchased a 49% interest held by Schlumberger Ltd. in the Bandurria Sur onshore block in Argentina’s Neuquén province.

February 3, 2020
Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta

Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta

Norway’s Equinor SA and Royal Dutch Shell plc have have jointly purchased a 49% interest held by Schlumberger Ltd. in the Bandurria Sur onshore block in Argentina’s Neuquén province.

February 3, 2020
Oil Production in U.S. GOM Sets Record in 2018, EIA Says

Oil Production in U.S. GOM Sets Record in 2018, EIA Says

U.S. crude oil production in the Gulf of Mexico (GOM) hit a record annual level of 1.8 million b/d in 2018, according to the Energy Information Administration (EIA), which projects that volumes will continue rising this year and next.

October 18, 2019
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