US upstream news

The acquisition increases LandBridge holdings to roughly 272 000 surface acres.

The EIA has reported that monthly average natural gas spot prices at northwestern US and western Canada border pricing hubs reached historic lows in 2024 through October, according to data from Natural Gas Intelligence. Robust natural gas production in western Canada, where output has generally increased over the last two years, and high natural gas inventories in the region contributed to the low prices.

President-elect Donald Trump has chosen oil and gas industry CEO Chris Wright as his next energy secretary, with Trump seemingly intent on fulfilling his election promise to increase exploration and production.

Todd Razor, PACCAR Winch, USA, explains how collaboration is the key for the delivery of offshore hoist service training.

The US Energy Information Administration has reported that US production of associated natural gas increased 7.9% in 2023 compared with 2022, according to data from Enverus Drillinginfo.

Patrick Hayes, Tracerco, USA, presents two case studies demonstrating how tracer technologies are enabling optimised investments and de-risked development through the provision of accurate and actionable data for informed decision making.

Caterpillar Oil & Gas has announced the launch of its Closed Crank Ventilation (CCV) System, a field-proven technology designed to eliminate the venting of crankcase gases, commonly referred to as blow-by emissions, from internal combustion engines.

Victory for Donald Trump in the US election is unlikely to alter the structural tipping points in oil markets for 2025.

Macy Ayala and Irwan Yunus, Champion X, discuss how, as the oil and gas industry continues to face increasing costs and sustainability requirements, new methodologies and technologies that support more efficient production are required. This is particularly true within the hydraulic fracturing (fracking) industry, which is continuing to grow globally.

According to the EIA, natural gas comprised 40% of total production from the Bakken, the Eagle Ford, and the Permian compared with 29% in 2014.