World Oil Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken. In the second quarter of 2024, E&P net production is expected to be in the
World Oil (Bloomberg) – Matador Resources Co. pumped more oil than expected in the first three months of 2024 at a time when most U.S. producers have pledged flat to moderate production growth this year. Matador also plans to hit the high end of its full-year output expectations, the Dallas-based company said in its earnings report Tuesday. The company’s production
World Oil (WO) – In its quarterly report, Australia’s Santos Ltd. announced it expects first oil production from it’s Pikka Project in 2026. The Pikka project, in Alaska’s North Slope, has made “excellent progress over the winter months in Alaska,” Santos reported. According to the statement, the Pikka Project is 47% complete as of March 31, 2024. Rig operations were
World Oil Publisher’s Note: ReconAfrica is confirmed as a presenter at EnerCom Denver- The Energy Investment Conference on August 18-21, 2021. Register to attend. (WO) – In an operations update, Canadian oil and gas company Reconnaissance Energy Africa Ltd. (“ReconAfrica”) said that it plans to begin drilling its first Naingopo exploration well in Namibia’s Damara Fold Belt in June 2024.
Oil and Gas 360 Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain. 17 April 2024 Zephyr Energy plc (“Zephyr” or the “Company”) State 36-2R well drilling operations
Oil and Gas 360 HOUSTON, TX / ACCESSWIRE / April 17, 2024 / PEDEVCO Corp. (NYSE American:PED) (“PEDEVCO” or the “Company”), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today provided an operational update on its three newly drilled and completed horizontal San Andres wells in its Permian Basin Asset as follows:
Oil and Gas 360 Bogota, Colombia – April 11, 2024 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, today announced that the Company has submitted a binding offer to acquire a non-operated Working Interest (WI) in unconventional blocks in the Neuquen Basin in Argentina. As of the
World Oil (Bloomberg) – U.S. oil prices are more than high enough to make drilling new wells profitable, but some shale bosses say they’re hesitant because of political and regulatory “uncertainty” that won’t be settled until the November election, according to the Federal Reserve Bank of Dallas. “Until the next administration is decided, we’re in a state of flux when
VAALCO Energy, Inc. announced that all partners have signed the final documents and the Government of Equatorial Guinea has approved the Joint Operating agreement (“JOA”) related to the Venus-Block P Plan of Development (“POD”). The Block P Production Sharing Contract (“PSC”) provides for a development and production period of 25 years from the date of approval of the POD.
World Oil WO) – During CERAWeek by S&P Global’s second day, ConocoPhillips’ CEO Ryan Lance announced that his firm’s highly-anticipated Willow project in Alaska is making developmental headway. Sitting down with S&P Global’s Dan Yergin, Lance also discussed Biden’s controversial LNG export ban, the U.S.’ unprecedented production growth in 2023, the role of artificial intelligence, and regulatory issues plaguing the U.S.
World Oil (Bloomberg) – Hess Corp. signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after Exxon Mobil Corp. filed for arbitration over the deal to preserve its rights to a massive oil discovery off Guyana. Hess told employees in an email it was confident its arguments would prevail in the arbitration case Exxon filed with the
World Oil (Bloomberg) – Argentina’s biggest oil and gas producer, state-run YPF SA, said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation. “Exiting some of our mature conventional fields will release around $800 million in capex to be reallocated primarily
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