Tuesday, February 11, 2025

ExxonMobil, Hess, CNOOC Announce $4.4 Billion Offshore Guyana Development

Phase 1 will produce 450 MMBO ExxonMobil (ticker: XOM), Hess (ticker: HES) and CNOOC today announced FID for Phase 1 development of the Liza field in offshore Guyana. Initially discovered in May 2015, the Liza field is located about 120 miles offshore from Guyana, in about 5,700 feet of water. Liza is in the Stabroek Area, a large offshore lease

Earthstone Energy Inc. Taking Advantage of its Midland Assets

Capitalizing on the Midland acquisition Midland-Eagle Ford-Bakken producer Earthstone Energy (ticker: ESTE) isn’t slowing down. With 66.1 MMBOE in reported proven reserves and 9,515 BOEPD average production in 2017, Earthstone is moving forward on a growth plan that’s being fueled by five Permian wells in progress as of May. Earthstone completed a business combination with Bold Energy III LLC in

Rig Count 933: Up 22 Consecutive Weeks

North Dakota adds most rigs U.S. drilling activity continues to ramp up, stretching the rig rally to 22 weeks, according to Baker Hughes’ Weekly Rig Count. Six additional rigs came online this week, bringing the total number of rigs active in the U.S. to 933. All six of these rigs were land-based, meaning there are now 908 land rigs operating

coal mine Wyoming

State of Wyoming Invests in Coal’s Alternative Future

Coal production down 38% since 2011 – Wyoming’s Advanced Carbon Products Innovation Center aims to change that While the shale gas revolution has benefited many, the influx of low-cost natural gas has done just the opposite to the coal industry. Coal producers are currently being pushed out of the market by a number of forces. The large part of this