Reservoir
The deal adds over 1,000 potential drilling locations and almost doubles oil production for Houston-based Magnolia.
Average output reached 13.6 million BOPD, extending a period of sustained growth that has kept the US at the forefront of global oil production.
A report commissioned by Havtil, the Norwegian Ocean Industry Authority, calls for better dialogue regarding pore-pressure uncertainty and higher-end drilling techniques like managed pressure drilling as methods to reduce the risk of well-control events.
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Since the US arrested and removed Venezuelan President Nicolás Maduro on 3 January 2026, all eyes have turned toward the country’s vast oil reserves, the largest of any country. From 2005 to 2024, oil production in Venezuela fell by 70%, from 3.1 million B/D to just 0.9 million B/D. The race is on to bring production back, but aging infrastructure and expatriation pre… -
This guest editorial from the Center for Injection and Seismicity Research (CISR) at The University of Texas at Austin details the emerging risks posed by injection in Texas and what steps might be taken to mitigate them.
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Corporate consolidation and foreign buyers helped drive $38 billion in upstream deals in the first quarter of 2026.
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The top three bidders in the latest lease sale by the US federal government paid a combined $3.9 billion.
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Three experts were recognized with the Pioneer Award at the 2026 SPE Improved Oil Recovery Conference in Tulsa for their technological contributions to improved oil recovery.
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Working with Dell Technologies and NVIDIA, the French supermajor is targeting improved seismic processing and artificial intelligence applications.
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A Chinese operator in the Sichuan Basin used high‑frequency pressure monitoring to evaluate frac performance in unconventional wells.
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The company says the service is designed to advance geosteering capabilities in complex drilling environments.
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Acting director of the new center Ale Hakala outlines the research priorities guiding the newly established center’s focus on production enhancement technologies.
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Operators aren’t rushing to drill, even as the closure of the Strait of Hormuz drives oil prices up.
