Sunday, June 8, 2025

WildHorse Bolts on 20,000 Acres

Eagle Ford footprint approaches 430,000 acres WildHorse Resource Development Corporation (ticker: WRD), an independent oil and natural gas company based in Houston TX, announced yesterday it closed on two separate purchase and sale agreements. The combined total acreage is 20,305 net acres in the Eagle Ford and Austin Chalk plays, with other intervals. Production is 39 Boe/d across Burleson, Brazos,

Roughnecks at drill site.

Rigs Move to Texas, Permian

Two rigs shut down, leaving 1,053 Drilling activity fell slightly this week but remained near equilibrium, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net two rigs shut down in the week, meaning there are now 1,053 rigs actively drilling in the country. Both of these rigs were land-based, inland waters and offshore activity was unchanged.

New U.S. LNG Projects, Enough to Double Exports, On Verge of Launch

From Reuters New U.S. liquefied natural gas terminals with enough capacity to double U.S. exports have either begun commissioning their facilities or are waiting for approval from the energy regulator, a review of their documents showed this week. Although long planned, the actual commissioning of plants has been a moving target in the past. Yet the process not only kicks

Canadian Shale Drillers Feel Permian Pain as Prices Collapse

From Bloomberg The Permian Basin isn’t the only oil field facing pressure from pipeline bottlenecks. While global oil prices have climbed almost 20 percent this year, producers in Alberta and British Columbia’s shale formations are seeing just the opposite, stymied by a lack of sufficient infrastructure to bring their light oil to market. As Canada pushes for more pipelines to

A First for Mexico

Pemex, Talos, Premier Oil, and Sierra Oil and Gas Sign PUA for Zama Pemex, with the Block 7 Consortium – Talos Energy (ticker: TALO), Premier Oil (ticker: PMO), and Sierra Oil and Gas – have just signed a Pre-Unitization Agreement (PUA) for two offshore areas in Mexico’s Southeast Basin: the Amoca-Yaxche-03 allocation and the Block 7 contiguous production sharing contract.