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Morgan E&P achieves oil production from Bakken wells following drilling campaign

Currently, the two wells are producing at a combined rate over 1,000 bopd. Morgan anticipates further increases as the wells continue flowback for the next few weeks.

United-states , North-dakota , Billings-county , America , Morgan , Dakota-industrial-commission , Bakken-partners , North-dakota-industrial-commission , Middle-bakken , Electronic-submersible-pumps , Sale-agreement

Oil Majors Pursue Projects with $30 per Barrel Breakeven

Oil majors are now hedging their bets by targeting new oilfields that can be profitable even at $30 per barrel oil

Texas , United-states , France , Delaware , Stabroek , Demerara-mahaica , Guyana , Eagle-ford , Wood-mackenzie , Garrett-fowler , Alex-beeker , Hess-corp

U.S. Drillers Pump The Breaks | OilPrice.com

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

Mexico , Lebanon , Russia , Norway , Cyprus , Mongolia , India , Australia , Canada , France , Iran , Iraq

Transocean backlog reaches $9 billion with three new offshore drilling contracts

The aggregate incremental backlog associated with these fixtures is approximately $326 million. As of Feb. 14, 2024, the company’s total backlog is approximately $9 billion.

Romania , Angola , Romanian , Transocean-ltd , Fleet-status-report , Romanian-black-sea , Offshore , Rilling , Ransocean ,

Bayswater acquires new oil and gas production, drilling assets in DJ Basin

With this acquisition, the company now holds 30,000 acres in Weld County with 320 horizontal wells and daily production of approximately 30,000 boed.

Weld-county , Colorado , United-states , Julesburg , Texas , Denver , Big-spring , Roggen , Coahoma , Steve-struna , Eaton , Colorado-energy-carbon-management-commission

Midland Provides an Overview of Its 2024 Exploration

MONTREAL, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to give an overview of its exploration activities...

La-tuque , Quebec , Canada , Abitibi , Canada-general- , Nemiscau , Montreal , Chapais , Lac-edouard , Radisson , Lac-des-montagnes , James-bay

Transocean Ltd. Provides Quarterly Fleet Status Report

STEINHAUSEN, Switzerland, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the...

Switzerland , Steinhausen , Switzerland-general- , Romania , Angola , Romanian , Alison-johnson , Pam-easton , Transocean-ltd , Swiss-financial-services-act-fin , Securities-exchange , Fleet-status-report

Diamondback to boost oil production while cutting Permian drilling rigs following Endeavor megadeal

The operators, today running a total of 26 rigs in the Permian basin, will see that count whittled down to between 20 and 22 over time, Kaes Van’t Hof, chief financial officer at Diamondback, said Monday on a conference call. They’ll be more efficient, however, meaning production will rise modestly despite the curtailed rig count.

Texas , United-states , Energy-resources , Bloomberg , Diamondback-energy , Diamondback-energy-inc , Endeavor-energy-resources , Kaes-vant-hof , Oil , Rilling , Roduction

Zephyr Energy progresses oil drilling in Utah, reports production shut-ins in North Dakota

Rocky Mountain oil and gas company Zephyr Energy plc provided an update on its project in the Paradox basin, Utah, and its non-operated project in the Williston basin, North Dakota.

Utah , United-states , North-dakota , State-of-utah , Colin-harrington , Us-bureau-of-land-management , Zephyr-energy , Rocky-mountain , Land-management , Natural-gas-liquids , Oil , Rilling

U.S. Oil Drilling Activity Stalls

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

United-states , Julianne-geiger , Baker-hughes , Frac-spread-count , Eagle-ford , Rig-count , S , Anada , Il , Ig-count , As , Rilling