Onshore

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

Noble Energy Sees ‘Inflection Point’ in U.S. Onshore as Efficiencies Exceeding Guidance

Houston super independent Noble Energy Inc. is bringing costs down and production up in the Lower 48, with output from its main basins, the Permian Delaware and Denver-Julesburg (DJ), each hitting record output during the second quarter.

August 7, 2019
Nabors Sees ‘Gradual Softening’ in Lower 48 Drilling Activity

Nabors Sees ‘Gradual Softening’ in Lower 48 Drilling Activity

Second quarter results for the oilfield services industry have basically been play, rewind, repeat, and Nabors Industries Ltd.’s management team mirrored some of the same things as its peers, including a more cautious approach by Lower 48 customers and stronger activity overseas.

July 31, 2019

Superior Energy Reduces Permian Crews in 2Q, Sees Continued Onshore Challenges

Superior Energy Services Inc.’s U.S. land revenue fell sharply in the second quarter after the Houston company elected to operate fewer Permian Basin pressure pumping fleets in West Texas.

July 25, 2019
Noble Holds Capex Steady as Leviathan Nears Completion, U.S. Onshore Plays Expand

Noble Holds Capex Steady as Leviathan Nears Completion, U.S. Onshore Plays Expand

Higher commodity prices will not dissuade Noble Energy Inc. from its pledge to hold capital spending down this year, even as it prepares for starting up the massive natural gas project offshore Israel and for more U.S. onshore opportunities.

May 3, 2019
Oil, Gas Operators Drilling Wells to the Moon and Back

Oil, Gas Operators Drilling Wells to the Moon and Back

Rystad Energy is forecasting oil and gas drillers to reach for the moon and beyond in the next five years, at least in terms of drilling depths, with North America’s shale and tight resources propelling it into a “league of its own.”

April 30, 2019
U.S. Onshore Activity Flattens, with Six Rigs Dropped, Says BHGE

U.S. Onshore Activity Flattens, with Six Rigs Dropped, Says BHGE

Domestic oil and natural gas producers dropped six land rigs as of Wednesday (Nov. 21) from a week earlier, but gains in Canada and the Gulf of Mexico lifted the overall North American count by four, according to data compiled by Baker Hughes, a GE Company (BHGE).

November 21, 2018

Aethon Buys More Haynesville Assets as QEP Keeps Focus on Permian

QEP Resources Inc., which is inching toward Permian Basin pure-play status, agreed Monday to cast off its Haynesville Shale/Cotton Valley assets in northwestern Louisiana to Aethon Energy for $735 million.

November 19, 2018