US upstream news
Pytheas Energy acquires interest in three oil-producing properties
Pytheas Energy has announced the addition of three producing oil and gas properties to its growing portfolio, the Andrews Crane Asset, the Bakken Asset, and the Minerva-Rockdale Asset.
Matador Resources Company announces strategic bolt-on Delaware Basin acquisition
Matador Resources has announced that a wholly-owned subsidiary of Matador has entered into a definitive agreement to acquire a subsidiary of Ameredev II Parent, including certain oil and natural gas producing properties and undeveloped acreage located in Lea County, New Mexico and Loving and Winkler Counties, Texas.
Zephyr Drilling completes onshore drilling operations
Zephyr Energy has provided an update on drilling operations on the State 36-2R LNW-CC well at the Company's flagship project in the Paradox Basin, Utah, U.S.
88 Energy announce second light oil discovery
88 Energy has announced further successful flow test results from the Company’s Hickory-1 discovery well, located in Project Phoenix on the North Slope of Alaska.
United States produces more crude oil than any country
The United States produced more crude oil than any nation at any time, according to the International Energy Statistics, for the past six years in a row.
Diamondback Energy and Endeavor Energy Resources merge to create independent oil and gas company
Diamondback Energy, and Endeavor Energy Resources has announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately US$26 billion.
Expro completes well cementing project in deepwater Us Gulf of Mexico
The company has completed a well cement placement project for a large international operator in the US Gulf of Mexico, delivering an inner-string cementing on a subsea well's 22 in. surface casing in a water depth of approximately 2000 m.
High Permian well productivity, crude oil prices drive U.S. natural gas production growth
The Energy Information Administration estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% in 2023 and 2% in 2024.
ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction
The merger combines Pioneer’s more than 850 000 net acres in the Midland Basin with ExxonMobil’s 570 000 net acres in the Delaware and Midland Basins. Together, the companies will have an estimated 16 billion boe resource in the Permian.
Vitesse has acquired additional oil and gas interests in the Williston Basin of North Dakota
Vitesse has acquired additional oil and gas interests in the Williston Basin of North Dakota that will result in approximately US$50 million of acquisition and related development capital expenditures, primarily in the 3Q/4Q23.