Nabors, Corva Expand Alliance to Boost AI-Driven Innovation at Rig Sites
Nabors Drilling Technologies and Corva AI will use the RigCloud platform to provide real-time insights to crews directly at drilling sites, the companies said.
USD Completes Final Asset Sale of Hardisty Terminal
USD Partners was obligated to sell the Hardisty Terminal, in Alberta, Canada, after entering a forbearance agreement with its lenders on June 21 2024.
ADNOC Explores $9B Acquisition of Aethon’s Haynesville Assets—Report
Abu Dhabi National Oil Co. (ADNOC) is evaluating an acquisition of natural gas assets from Aethon Energy Management valued at around $9 billion, Bloomberg reported April 11.
E&Ps Posting Big Dean Wells at Midland’s Martin-Howard Border
Diamondback Energy, SM Energy and Occidental Petroleum are adding Dean laterals to multi-well developments south of the Dean play’s hotspot in southern Dawson County, according to Texas Railroad Commission data.
FTC May Reconsider Hess, Sheffield Bans on Holding Board Seats
The Federal Trade Commission has announced it is seeking comment on potentially rescinding bans on Pioneer Natural Resources’ Scott Sheffield and Hess Corp.’s John Hess from serving on the boards of companies that acquired their E&Ps.
USEDC’s Plans for $1B in Capex, M&A on Track as Oil Prices Stumble
Volatility won’t affect Permian Basin-focused U.S. Energy Development Corp.’s day-to-day operations or its plans for deals, CEO Jordan Jayson told Hart Energy.
Energy Transition in Motion (Week of April 11, 2025)
Here is a look at some of this week’s renewable energy news.
On The Market This Week (April 7, 2025)
Here is a roundup of marketed oil and gas leaseholds in the Permian, Uinta, Haynesville and Niobrara from select E&Ps for the week of April 7, 2025.
US Oil Rig Count Falls by Most in a Week Since June 2023, Baker Hughes Says
By Scott Disavino April 11 (Reuters) – U.S. energy firms this week cut oil rigs by the most in a week since June 2023, lowering the total oil and natural gas rig count for a third consecutive week, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday. The oil and …
US Oil Rig Count Falls by Most in a Week Since June 2023, Baker Hughes Says Read More »
US Oil Rig Count Falls by Most in a Week Since June 2023
The oil and gas rig count fell by seven to 583 in the week to April 11. Baker Hughes said this week’s decline puts the total rig count down 34 rigs, or 6% below this time last year.