drilling – Oil & Gas 360

Comstock boosts Haynesville output, to sell East Texas assets for $430 million

November 4, 2025

(World Oil) – Comstock Resources Inc. reported higher third-quarter earnings on improved natural gas prices and continued strong drilling results in the Haynesville and Bossier shales, while moving forward with the sale of its Shelby Trough assets for $430 million (USD). Natural gas and oil sales, including hedging gains, rose to $335 million, generating $190 million in operating cash flow.

Aramco awards Baker Hughes multi-year coiled tubing drilling contract

October 24, 2025

(World Oil)– Baker Hughes has secured a multi-year agreement from Aramco to significantly expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order, booked in the third quarter of 2025, will see Baker Hughes increase its active UBCTD fleet from four to ten units beginning in 2026. Under the new contract, Baker Hughes

Three Crown Petroleum Announces Significant Progress in its Powder River Basin Drilling Program with Initial Production from 22,500-Foot Niobrara Horizontal Well and Expansion of Development Program

October 15, 2025

(Oil and Gas 360) – The Irvine 1NH well was recently completed and began producing on October 14th Expansion of the 2025 – 2026 drilling program announced across Johnson, Campbell, and Converse Counties with two additional wells expected to spud in November 2025 Three Crown is actively seeking reliable partners to participate in its Niobrara and Mowry drilling program for

Valeura boosts offshore Thailand output with 10-well Nong Yao drilling campaign

October 14, 2025

(World Oil)– Valeura Energy Inc. reported higher production and continued growth across its Thailand portfolio in the third quarter, driven by a ten-well drilling campaign at the Nong Yao field on block G11/48 in the Gulf of Thailand. The campaign lifted Valeura’s working interest oil production to 24,800 bpd by quarter-end, up from an average of 23,000 bpd in Q3,

ReconAfrica advances drilling at Kavango West 1X exploration well in Namibia

October 7, 2025

(World Oil)– Reconnaissance Energy Africa Ltd. (ReconAfrica) reports that drilling operations are progressing on schedule at the Kavango West 1X exploration well in Namibia’s Damara Fold Belt. The company has set its final casing string at a depth of approximately 2,300 m, just above the targeted Otavi carbonate reservoir, and is now drilling ahead into the primary objective. President and

Exclusive: ESal at EnerCom Denver – The Energy Investment Conference 2025

September 15, 2025

(Oil & Gas 360) – Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technology Series presenter replays for a limited time. ESal’s patented Engineered SalinityTM technology enhances oil recovery in both conventional and unconventional wells by engineering injection water salinity – without using chemicals. It is very low cost and offers guaranteed

bp signs deal to drill five wells in the Mediterranean

September 9, 2025

(World Oil)– bp has signed a Memorandum of Understanding (MoU) to evaluate opportunities for a five-well program at water depth ranging from 300 to 1,500 m in the Mediterranean Sea. The program is designed to accelerate the development and production of national gas reserves, with the intent of extending the use of existing production facilities in the West Nile Delta.

U.S. shale producers unlikely to boost drilling despite Trump’s call

June 26, 2025

(World Oil) – U.S. shale oil producers are unlikely to heed President Donald Trump’s latest call to “Drill, Baby, Drill” as they prioritize hedging over ramping up production in response to U.S. military strikes on Iran. Wary of being caught by yet another false start in global crude markets, U.S. oil companies are likely to use hedging contracts to lock

$Halliburton announces tariff impact on drilling, frac operations- oil and gas 360$

Halliburton announces tariff impact on drilling, frac operations

April 23, 2025

(World Oil)– Halliburton Co., the world’s largest provider of hydraulic fracturing services, fell sharply after warning investors that tariffs will impact a wide swath of the company’s business units. The dominant North American oil field services provider told investors Tuesday on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second

American shale Chief tells peers to stop drilling ‘Right Away”

April 9, 2025

(Oil Price) – Shale boss Bryan Sheffield, the son of Pioneer Natural Resources founder Scott Sheffield, appears to have called on America’s shale drillers to cut drilling immediately, as Brent crude flirts with prices below $60 and WTI falls to $57/barrel. Sheffield, who controls Formentera Partners LP, told Bloomberg he is planning to delay drilling in some cases, shift focus to existing short-term

Energy Market Assessment: Natural gas supply growth is short of demand growth & needs a profitable drilling boom

February 25, 2025

(Oil & Gas 360) – Climate Change To An Overdue Colder Winter Confirms Natural Gas Supply Growth Is Short Of Demand Growth & Needs A Profitable Drilling Boom. Bullish natural gas inventory data the direction we head is helped by how little natural gas was needed from inventory for the rest of the last several Winters. Weekly natural gas inventory draws

Trump unleashes LNG and drilling free-for-all

February 14, 2025

(Oil Price) – President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as the world’s top hydrocarbon producer. Commonwealth LNG, the

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