development – Oil & Gas 360

Mach Natural Resources boosts proved reserves 109% to 705 MMboe

March 13, 2026

(World Oil) – Mach Natural Resources LP reported a 109% increase in total proved reserves in 2025, reaching 705 MMboe, as the company expanded its asset base through acquisitions and continued development across its portfolio. The Oklahoma City–based operator said the reserve increase reflects multiple acquisitions completed during the year totaling $1.3 billion, including assets in the Permian and San Juan

Prospera Energy launches key infrastructure upgrades to unlock next phase of production growth

October 23, 2025

(BOE Report)– CALGARY, Alberta, Oct. 23, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. (TSX.V: PEI, OTC: GXRFF) (“Prospera“, “PEI” or the “Corporation“) Prospera Energy is pleased to announce the commencement of a major pipeline replacement and infrastructure upgrade project in the Cuthbert area. The project involves the replacement of two key legacy pipelines over a ten-day construction period, with a total capital

EIG’s FS Energy and Power Fund – at $4.3 Billion – is Largest Energy BDC

April 9, 2018

FS Investments (FS) and EIG Global Energy Partners (EIG) closed a transaction today, allowing EIG to manage FS Energy and Power Fund (FSEP). According to the company’s press release, FSEP will be the largest energy-focused business development company (BDC) in the marketplace with $4.3 billion in assets under management. “We are excited to enter the next phase of our partnership

Lilis Energy Closes Delaware Basin Purchase for $65.3 Million, Acquires 2,798 Net Acres

March 19, 2018

Lilis Energy, Inc. (ticker: LLEX) has closed a deal to acquire approximately 2,798 net acres in the southeastern New Mexico area of the Delaware Basin. The deal was part cash ($40 million) and part stock (~6.9 million shares, or ~$25.3 million), for an approximate total of $65.3 million. “This strategic transaction enhances our overall position in the Northern Delaware Basin,

Superior Drilling Products Reduces Loss to $.01, Drops Debt by 23%, Expects Strong Growth in 2018

March 8, 2018

Superior Drilling Products, Inc. (ticker: SDPI) had a net loss of $786 thousand in Q4 2017, or $(0.03) per share. For 2017, the company had a net loss of $279 thousand, or $(0.01) per share. Superior reduced debt by $3.9 million, or 23%, down to $12.8 million – compared to 2016’s debt of $16.7 million. Superior Chairman and CEO Troy

CNOOC 2018: 470 MMBOE Target, $11 Billion CapEx

February 6, 2018

CNOOC Limited (ticker: CEO) plans to target 470-480 MMBOE for its net production goal in 2018. The geographic production areas are split between China (64%) and overseas (36%). The company’s net production for 2017 stood at approximately 469 MMBOE. As for 2019 and 2020, projected numbers are 485 MMBOE and 500 MMBOE, respectively. A stampede of projects CNOOC has scheduled

Drilling ANWR’s 1002 Area Edges Closer to a Vote

November 15, 2017

A quick background In 1960, the Secretary of the Interior signed an order protecting the northernmost parts of Alaska at the federal level. The order protected 8.9 million acres and named it the Arctic National Wildlife Range. In 1980, President Carter signed the Alaska National Interest Lands Conservation Act (ANILCA) into law, renaming and enlarging the Arctic National Wildlife Refuge

Blackbird Energy Adds Montney Rights, Wells

July 25, 2017

Calgary-based Blackbird Energy Inc. (ticker: BBI) added additional acreage in its Pipestone/Elmworth location and reported updates to its development program and its expansion of the Eastern Pipestone/Elmworth gathering system. More in the Montney Blackbird increased its Pipestone/Elmworth Montney rights to 125 gross (108.9 net) sections—equivalent to 80,000 gross (69,696 net) acres. This is up from its previous 76,800 gross (66,469

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