Business/economics
EY reports an 11% decline in reserve additions and the first sub-100% reserve replacement ratio since 2021, even as crude output climbed.
Superior seeks to expand its international footprint through the acquisition, which is reportedly valued at $1.2 billion.
By acquiring 100% of Ventura’s outstanding shares, SED Energy Holdings would scale its business into a combined $1 billion company backed by a $1.3 billion contract backlog focused on deepwater drilling, shallow-water tender rigs, and seismic acquisition.
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The two Houston area-based companies have struck an agreement valued at almost $1.6 billion. -
An economic analysis of a wellbore methodology in natural gas fields that uses gasification of methane within the wellbore (not within the reservoir) for hydrogen production while incorporating simultaneous sequestration of carbon. This new methodology offers significant energy and cost savings in addition to zero carbon being produced to the surface.
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Occidental Petroleum is teaming up with its largest shareholder, Berkshire Hathaway, to commercialize lithium extraction in California.
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Hunt Energy Network invested $10 million into Quidnet to help scale up the company’s concept for geopressured energy storage to the tune of 300 MW.
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Rising natural gas production plus not enough takeaway capacity equals one big headache for west Texas producers
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JPT’s first year of publication was one of groundbreaking events that would transform the global petroleum industry. A recap of developments in 1949 emphasizes the high hopes attached to the industry—and the ambitious goals of the new magazine.
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The Houston-based independent will become the top producer in the Eagle Ford Shale with an output of 400,000 BOE/D and is eyeing 1,000 wells to refracture.
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A new report finds the need for political, regulatory, and fiscal alignment to ensure a just and fair transition.
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The acquisition of SilverBow Resources gives Crescent Energy a pro forma output of 250,000 BOE/D.
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SponsoredWhich criterion do you rely on to make mutually exclusive decisions: Net Present Value or Rate of Return? When NPV and ROR are not in agreement, you must develop a proper incremental analysis to make the best economic choice.
