Onshore News

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Hilcorp Energy Completes Second Lightning Field Well
Wednesday, February 26, 2020 There is now the potential to continue to significantly improve this already large gas and condensate accumulation.

Worley Wins Mozambique Contracts from Total
Tuesday, February 25, 2020 Worley marks the latest chapter in its 10-year involvement with the project.

Aberdeen Gets New Drilling Well Control Center
Tuesday, February 25, 2020 Survivex is launching a new drilling well control center of excellence in Aberdeen.

Onshore Timor-Leste Campaign Would Be Country's First
Friday, February 21, 2020 Australia-based junior explorer Timor Resources is one step closer to making history in the young country of Timor-Leste, which became a sovereign state only 18 years ago.

ArcLight and Rattler Midstream Partner on Permian JV
Friday, February 21, 2020 The JV owns and operates the Yellow Rose gas gathering and processing system with total processing capacity of 40,000 Mcf/d.

Houston American to Drill Second San Andres Well
Thursday, February 20, 2020 The well's planned total depth is about 5,500 feet with a 5,000-foot horizontal leg.

Fracking Ban Would Cost Millions of Jobs
Thursday, February 20, 2020 A fracking ban would cost millions of jobs, according to the American Petroleum Institute.

Earnings Show Shale Players Competing for Dividend Growth
Wednesday, February 19, 2020 Independent explorers have been punished by investors for aggressive growth plans that favored skyrocketing production over returning cash to shareholders.

Halliburton and Socar AQS to Form JV
Tuesday, February 11, 2020 Halliburton and Socar AQS have signed a memorandum of understanding to form a new joint venture.

Frac Players Feel Pinch of Refined Products Glut
Friday, February 07, 2020 Market-watcher says downstream should exert considerable influence on frac spread activity through the first half of 2020.

CGG and Fairfield Partner in the Permian
Friday, February 07, 2020 CGG and Fairfield Geotechnologies will jointly conduct a new multi-client seismic program in the Central Basin Platform of the Permian Basin in West Texas.

Top Rigzone Articles Roundup
Friday, February 07, 2020 Here's a roundup of Rigzone's top five most popular articles during the last week, just in case you missed them...

US Rig Count Falls
Monday, February 03, 2020 The United States has dropped four rigs since January 24, and 255 rigs since February 1, 2019, Baker Hughes' most recent rotary rig count has revealed.

What Impact Would a Fed. Acreage Frack Ban Have?
Friday, January 31, 2020 Rystad Energy looks at the potential impact of a federal acreage fracking ban.

Earthstone Gets New CEO
Friday, January 31, 2020 Texas-based Earthstone Energy has announced that its current president will be appointed chief executive officer and president.

Permian Proves to be Double-Edged Sword for Exxon, Chevron
Friday, January 31, 2020 Exxon shares fell so much on Friday that the decline wiped out $12 billion in market value in less than three hours.

Eagle Mountain Taps Energy Funding with Pearl Energy, NGP
Thursday, January 30, 2020 EMEP will pursue acquisition and development opportunities in the Williston Basin and other key Rockies basins.

US Oil and Gas Jobs Increase
Thursday, January 30, 2020 The U.S. oil and gas industry employed 895,629 professionals in 2019.

Hess Announces $3 Billion 2020 E&P Budget
Wednesday, January 29, 2020 More than 80 percent of the funds will be focused on projects in Guyana and the Bakken.

Exxon at 10-Year Low
Tuesday, January 28, 2020 It's almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.

US Rig Count Drops
Monday, January 27, 2020 The United States has dropped two rigs since January 17, 2020, and 265 rigs since January 25, 2019.

Eni Announces UAE Discovery
Monday, January 27, 2020 Eni revealed Monday that a gas and condensate discovery has been made in the Mahani exploration prospect in the Area B Concession of Sharjah (UAE).

Sinking Natural Gas Prices Have Drillers Hitting the Brakes
Thursday, January 23, 2020 Gas production is showing signs of a slowdown after years of runaway growth.

US Shale Suffering From Sustained Contraction
Tuesday, January 21, 2020 Slower output growth would have global ramifications, given additional US barrels are forecast to account for most of the increase in 2020 worldwide supply.

Global Exploration Poised for Upswing
Monday, January 20, 2020 Global exploration is poised for an upswing as operators flock to licensing rounds, according to Rystad Energy.

Panhandle Appoints New CEO
Monday, January 20, 2020 Panhandle Oil and Gas Inc. has revealed that Chad L. Stephens has been approved as the new chief executive officer of the company.

Evolution Well Services Inks 2-Year Electric Frac Deal
Monday, January 20, 2020 Evolution Well Services has landed a 24-month deal providing electric fracking services to an unnamed onshore oil and gas producer beginning this quarter.

Oil Down After Report American Stockpiles Growing
Wednesday, January 15, 2020 Oil traded near a six-week low after a report indicated American crude stockpiles increased.

Is Chevron's $11B Write-Down an Oilpatch Warning?
Tuesday, January 14, 2020 Current market conditions are resulting in many US fracking projects failing to break even.

Experts Insist Permian Output is Approaching a Peak
Tuesday, January 14, 2020 Over the past five years, has the industry and its investors mistaken a massive structural change for a simple cyclical event?

Is the US Shale Boom Really Slowing Down?
Monday, January 13, 2020 If oil prices can stick above $65 or $70, US shale can get the proverbial "shot in the arm" to better its finances.

PE Boss Says Shale Will Deliver Returns This Year
Friday, January 10, 2020 This is the year when shale drillers are finally going to deliver solid returns to investors that have grown weary of the industry's decade-long cash burn, the head of explorer Parsley Energy Inc. said.

Permian Oil and Gas Employs 87,000 People in 2019
Thursday, January 09, 2020 Direct oil and natural gas employment in the Permian basin totaled 87,603 people in 2019, according to a new report from TIPRO.

Chevron Pulls Workers Out of KRI
Tuesday, January 07, 2020 Chevron's expatriate employees and contractors have left the Kurdistan Region of Iraq for the time being as a precautionary measure.

Equinor Launches New Near Zero Emissions Goal
Monday, January 06, 2020 Equinor has launched a new goal to reduce the absolute greenhouse gas emissions from its operated offshore fields and onshore plants in Norway by 40 percent by 2030, 70 percent by 2040 and to near zero by 2050.

Permian Pipeline Competition Heats Up
Friday, January 03, 2020 Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity.

Shell Makes Haynesville Shale Deal
Tuesday, December 31, 2019 Castleton Resources has acquired the East Texas and North Louisiana Haynesville shale assets of Shell's subsidiary, BG US Production Company.

Saipem Bags Drilling Deals Worth $1.7B
Friday, December 27, 2019 Saipem's onshore and offshore drilling divisions have been awarded new contracts, and extensions to existing contracts, worth approximately $1.7 billion.

Is the US Shale Boom Really About to End?
Thursday, December 26, 2019 While there is distress for some companies, the situation offers an opportunity for others.

Permian Gas Problem Getting Worse
Tuesday, December 24, 2019 America's top shale field is becoming increasingly gassy as drilling slows down.

Permian Banks Latest Drag on Texas Economy
Friday, December 20, 2019 The slowdown in Permian Basin oil drilling and fracking is spreading to the lenders as austerity takes hold.

SLB Makes GHG Emission Reduction Commitment
Friday, December 20, 2019 Schlumberger has committed to setting a 'science-based' target to reduce its greenhouse gas emissions.

Hamm Invites Warren on Tour of Shale Heartland
Friday, December 20, 2019 Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected.

Eni Returns to Albania
Friday, December 20, 2019 Eni CEO Claudio Descalzi and Albania Minister of Infrastructure and Energy Belinda Balluku sign the Dumre Block production sharing contract as Albanian Prime Minister Edi Rama (standing, right) and an unidentified individual watch. PHOTO SOURCE: Eni

US Energy Sec Shrugs Off Permian Oil Slowdown
Wednesday, December 18, 2019 The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to the new U.S. Energy Secretary.

WPX Energy to Buy Felix Energy for $2.5B
Tuesday, December 17, 2019 Independent energy producer WPX Energy will purchase Felix Energy for $2.5 billion.

New Equinor Deals Cover 500+ Jobs
Monday, December 16, 2019 Equinor has awarded new framework agreements for safety and automation systems to five suppliers.

Touchstone Makes Oil Discovery Onshore Trinidad
Monday, December 16, 2019 Calgary-based Touchstone Exploration Inc. has made what it's calling a "significant" onshore oil discovery in the Republic of Trinidad and Tobago.

Global Upstream Investment to Dip in 2020
Friday, December 13, 2019 Overall global upstream investments will decrease by around four percent in 2020, according to the latest forecast by Rystad Energy.

SandRidge CEO to Resign
Friday, December 13, 2019 John Suter, SandRidge's chief operating officer, will service as interim president and CEO.