Onshore

What are almost certainly to be the last two upstream auctions of the current Mexican administration, which ends Dec. 1, will face a special challenge to potential investors.

Mexico’s energy ministry (Sener) has issued guidelines for landowner royalties that oil and gas companies must pay out for upstream projects with commercial production.

Mexico’s energy ministry (Sener) has issued guidelines for landowner royalties that oil and gas companies must pay out for upstream projects with commercial production.

U.S. onshore natural gas and oil production is predicted to move higher in March from February in nearly every one of the seven big fields, the Energy Information Administration (EIA) said Monday.

Helmerich & Payne (H&P), which owns the largest U.S. fleet of walking rigs, proved during the fiscal first quarter that bigger is better, as it captured higher prices and improved utilization rates for its onshore equipment.

The onshore exploration and production (E&P) industry is tightening up, tilting toward more capital discipline and free cash flow (FCF), which could give investors pause in how they value the group, according to an analysis by Raymond James & Associates.

If 2017 proved to be a new beginning for the downtrodden oilfield services (OFS) sector, 2018 is expected to be the year that operators are positioned for future growth in both the onshore and offshore.

Alaska’s onshore and offshore collectively hold about 17.6 billion bbl of oil and more than 50 Tcf of natural gas, according to an updated assessment conducted by Department of Interior (DOI) agencies, which also reported a nearly six-fold increase in onshore oil resources.

While adding three natural gas-directed rigs — including gains in the Marcellus and Haynesville shales — the U.S. rig count fell by one for the week ended Friday, according to data from Baker Hughes Inc. (BHI).