Bakken Beast: Chord Plans Seven More 4-Mile Bakken Wells in ‘25
Chord Energy has drilled three 4-mile laterals in the middle Bakken and is closely tracking results from the first now online. Seven more are planned for the rest of this year.
Latest
Oxy’s Non-Oil, Gas Projects to Add $1B in Free Cash Flow
Occidental Petroleum’s cash flow improvements are expected as spending falls for projects, such as 1PointFive’s Stratos direct air capture, which will augment its ongoing oil and gas efficiency improvements.
US Green Jet Fuel Production Is Still Waiting for Takeoff
It’s good for the planet and good for farmers, yet sustainable aviation fuel is struggling to gain momentum with the Trump administration. By Kim Chipman A sample of sustainable aviation fuel produced at Neste Oyj’s refinery in Singapore. Photographer: Lauryn Ishak/Bloomberg Today, reporter Kim Chipman unpacks the challenges in boosting US production of sustainable aviation …
US Green Jet Fuel Production Is Still Waiting for Takeoff Read More »
Oman Said to Consider Selling Stake in $8 Billion Gas Fields
By Verity Ratcliffe, Dinesh Nair, and Anthony Di Paola Oman is looking to sell a stake in natural gas assets valued at about $8 billion, according to people familiar with the plan, as the sultanate seeks to raise cash to shore up its state finances and fund investments. State-owned firm Energy Development Oman SAOC is …
Oman Said to Consider Selling Stake in $8 Billion Gas Fields Read More »
Panasonic to Slash 10,000 Jobs in Shift to Data, Energy Storage
Panasonic shares are up only five per cent since the start of the year, hurt by fears about EV sales and U.S. tariffs By Yuki Furukawa Panasonic Holdings Corp. is slashing headcount by 10,000, or more than 4 per cent, part of a push to cull non-growth operations and boost profitability. The supplier of lithium-ion …
Panasonic to Slash 10,000 Jobs in Shift to Data, Energy Storage Read More »
On the Market This Week (May 5, 2025)
Here is a roundup of marketed oil and gas leaseholds in the Permian, Williston and Appalachian basins and the Bakken, Haynesville and Eagle Ford shales.
US Oil and Gas Rig Count Falls to Lowest Since January, Baker Hughes Says
U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by six to 578 in the week to May …
US Oil and Gas Rig Count Falls to Lowest Since January, Baker Hughes Says Read More »
Plains All American Adds Crude Midstream Assets in Midland Basin
Plains All American purchased midstream assets in Wyoming, the Permian Basin and alleviated NGL bottlenecks in Canada.
MPLX Completes $237MM Deal for San Juan Basin’s Whiptail Midstream
MPLX continues expansion with assets in in the U.S. Four Corners region, where Whiptail Midstream serves the Gallup oil play.
East Daley: Data Center Renaissance Juices Gas Outlook
AI is expected to spur an additional 3 Bcf/d-15 Bcf/d in demand by 2030.