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Serving the E&P market with news, analysis and business opportunities.

PLS publishes news and analysis on the exploration and production (E&P) sector through its E&P module. The blue banner report covers new well discoveries, drilling activities, acreage sales, industry statistics (drilling results, activity permits and intents to drill) and technological updates.

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News Date
Conoco discovers 300 MMbo in Alaska field
ConocoPhillips has been active in Alpine field on Alaska’s North Slope—announcing the Willow discovery at its Greater Mooses Tooth unit, sanctioning additional drilling and moving forward on the...
Feb 21, 2017
BHP ramps up in Haynesville
BHP Billiton added a second rig in the Haynesville and anticipates it will begin drilling in March. The mining giant returned to the play in October with one rig after ceasing operations in 2015 on...
Feb 21, 2017
Comstock Resources eyes 20 Haynesville wells this year
Comstock Resources is planning a bigger Haynesville drilling program for 2017. D&C capex will increase to $142.9 million from 2016’s $59.5 million spend. The company will drill 20 wells this year—up...
Feb 21, 2017
PetroQuest Energy more than doubles capex
PetroQuest raised its capex to $40-48 million from 2016 guidance of $15-20 million. The budget will fund the drilling of eight to 10 Cotton Valley wells in East Texas, recompletions at Thunder...
Feb 21, 2017
Range’s Terryville extension wells deliver encouraging rates
Range Resources drilled and completed three step-out wells south of Terryville field with results from two indicating EURs on par with the prolific North Louisiana field. The wells were drilled on...
Feb 21, 2017
Hess allocates $1.35B to Williston, GOM in 2017
Hess will spend nearly a third of its $2.25 billion 2017 capital and exploratory budget in the Bakken as it ramps up from two to six rigs and brings 75 new wells online by YE17. Non-operated well...
Feb 21, 2017
New Emerald taps Petro-Hunt to operate Bakken assets
Crestline Investors and Fir Tree Partners-backed New Emerald Energy, which was formed last fall by purchasing the asset base of bankrupt Emerald Oil, has contracted Dallas-based Petro-Hunt to operate...
Feb 21, 2017
Rex looks to HBP majority of acreage by year’s end
Rex Energy laid out its two-year development plan, which will largely focus on Marcellus and Upper Devonian Burkett development within its Butler operated area in southwest Pennsylvania. Butler...
Feb 21, 2017
BP launches Thunder Horse project to tap 50,000 boe/d
BP began its Thunder Horse South expansion project, which is expected to increase the Mississippi Canyon field’s volumes by 50,000 boe/d. The first new well in the expansion project encountered more...
Feb 21, 2017
W&T Offshore’s Mahogany well flows over 5,000 boe/d
W&T Offshore’s Ship Shoal 349 A-18 well in Mahogany field is on production and flowing 5,217 boe/d. The well encountered 149 net feet of oil pay in five zones, including the primary T sand objective,...
Feb 21, 2017

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