September 6, 2023, 12 AM MDT
While some U.S. unconventional oil basins may be in their later innings, with many operators gradually exhausting their existing Tier 1 drilling inventories, that doesn’t mean there aren’t decades of future growth left in these plays, Devon Energy Corporation president and chief executive officer Rick Muncrief told analysts during the company’s second quarter 2023 conference call.
August 24, 2023, 12 AM MDT
Permian operators are drilling and completing longer laterals than ever before, while reporting continued productivity improvements on a well-by-well and asset wide basis.
August 22, 2023, 12 AM MDT
August 21, 2023, 8:12 AM MDT
Permian oil producer Pioneer Natural Resources Company’s efforts to find higher value markets for its associated gas production are paying off, chief financial officer Neal Shah said during the company’s second quarter results call.
August 18, 2023, 10:58 AM MDT
After 18 months of rapid oilfield service cost inflation, costs have begun retreating in unconventional basins across the U.S., operators reported in the second quarter 2023 conference calls.
August 17, 2023, 5:09 AM MDT
A rush of dealmaking in the Permian basin in the last year-and-a-half has resulted in private operators cashing in and while the acquirers consolidated assets, it makes further acquisitions a challenge, Diamondback Energy, Inc. chief executive officer Travis Stice said at the company’s second quarter 2023 conference call.
August 17, 2023, 10:53 AM MDT
A corporate culture focused on driving down costs while driving up well productivity is allowing Permian oil producer Diamondback Energy, Inc. to drill more wells faster while keeping a lid on capital expenditures, chief executive officer Travis Stice said at the company’s second quarter 2023 conference call.
August 17, 2023, 10:34 AM MDT
CES Energy Solutions Corp. achieved second quarter record-breaking revenue of $515.8 million versus its prior record level set in Q2 last year of $433.7 million, an improvement of 19 per cent.
August 14, 2023, 12 AM MDT
U.S. supermajor Chevron Corporation achieved record Permian Basin production of 772,000 boe/d in the second quarter of 2023, up 11 per cent compared to the same quarter of 2022 and up five per cent from its previous record quarterly production of 738,000 boe/d in the final quarter of 2022.
August 11, 2023, 11:01 AM MDT
Ovintiv Inc. president and chief executive officer Brendan McCracken said the company continues to evaluate and is “engaged in” all West Coast LNG projects that are under construction or pre-final investment decision.
August 1, 2023, 7:32 AM MDT
Freehold Royalties Ltd. continues to see strong third-party development on the company’s lands, with the quality of its North American royalty portfolio driving this performance, said the company.
July 31, 2023, 5:49 AM MDT
Ovintiv Inc. has lowered the high end of its capital guidance range.
July 27, 2023, 3:24 PM MDT
Frack sand prices have risen steadily in recent quarters and are likely to remain strong for proppant-intensive plays such as the Montney, Duvernay and even the Deep Basin, says Rystad Energy AS senior analyst Mark Quesada.
July 25, 2023, 6:56 AM MDT
Chevron Corporation outlined several senior leadership changes as well as a waiver of the mandatory retirement age for the chairman and chief executive officer Mike Wirth.
July 24, 2023, 12 AM MDT
Chevron Corporation reported Permian Basin production of 772,000 boe/d that set a new quarterly record.
July 24, 2023, 12 AM MDT
July 18, 2023, 12 AM MDT
June 30, 2023, 12 AM MDT
June 30, 2023, 12 AM MDT
Civitas Resources, Inc. said on Tuesday it would acquire oil and gas operations in the Permian Basin managed by private equity firm NGP Energy Capital Management for US$4.7 billion, expanding its operations into the lucrative shale patch.
June 20, 2023, 8:29 AM MDT
Ovintiv Inc. closed the previously announced acquisition of core Midland Basin assets, adding approximately 1,050 net 10,000 foot well locations and approximately 65,000 net acres of largely undeveloped land adjacent to Ovintiv's existing Permian operations.
June 13, 2023, 7:41 AM MDT
May 23, 2023, 12 AM MDT
STEP Energy Services Ltd. expects North American pressure pumping activity to slightly increase in the remainder of 2023 and then pick up the pace in 2024 as operators invest in new production in anticipation of LNG exports, company president and chief executive officer Steve Glanville told analysts at the company’s first quarter conference call.
May 12, 2023, 12 AM MDT
Nearly a decade after entering the Permian Basin, Ovintiv Inc. continues to find ways to improve well productivity and oil recovery, executive VP and chief operating officer Greg Givens told analysts at the company’s first quarter conference call.
May 12, 2023, 10:23 AM MDT
Higher well productivity in the Permian Basin resulted in growing production for Ovintiv Inc. in the first quarter of 2023, president and chief executive officer Brendan McCracken said in releasing the company’s first quarter results after market close on Tuesday.
May 10, 2023, 9:22 AM MDT
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