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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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  • Latest in exploration, discoveries, resource plans, land grabs, volumes, development projects & trends
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News Date
Marathon Oil adds Delaware Basin to portfolio
Marathon Oil released a $2.2 billion capital budget last month that was laser-focused on its low-cost, high-return US resource plays with 91% dedicated to the STACK/SCOOP, Bakken and Eagle Ford. The...
Mar 16, 2017
Exxon poised to execute on shale with ‘Permian prize’
ExxonMobil will inject a third of its drilling budget this year into short-cycle, high-value US shale projects in the Permian and Williston basins, or around $5.5 billion. The supermajor’s arsenal of...
Mar 15, 2017
Devon’s 2017 plan driven by top-tier STACK, Delaware
Devon Energy looks to double its drillbit activity in 2017 to 20 rigs with two-thirds of its $2.0-2.3 billion capital investment concentrated in the STACK and Delaware Basin. Acceleration in these...
Mar 15, 2017
Repsol, Armstrong find 1.2 Bboe in Alaska
Spanish giant Repsol and its privately held US partner, Armstrong Energy, have made what they’re calling the largest US onshore conventional discovery in 30 years west of Prudhoe Bay. The partners...
Mar 15, 2017
Continental drives higher recovery in SCOOP, Bakken
Continental Resources’ enhanced completions have delivered better well performance across its plays. In the SCOOP Woodford condensate window, this performance has driven a 15% increase in type curve...
Mar 15, 2017
Jones accelerates plans for new STACK
Jones Energy will devote nearly half of its $275 million capital budget to drilling its newly acquired STACK/SCOOP acreage, confirming analyst expectations that the company would immediately begin...
Mar 15, 2017
Newfield exits HBP phase in STACK/SCOOP
Newfield has shifted into development mode in the STACK/SCOOP, setting a $1.0 billion capital budget that is 85% dedicated to the Oklahoma plays. The company plans to drill 85-90 STACK wells and up...
Mar 15, 2017
SandRidge drilling STACK, resuming Niobrara mid-year
Sandridge Energy’s near-term drilling activity will be focused on the Meramec and Osage with a second rig being added this spring after the company added 13,100 acres in Woodward County, Oklahoma, to...
Mar 15, 2017
Unit will drill 23 wells across Granite Wash, Hoxbar, Wilcox
Unit Corp. has returned to drilling after a hiatus in 2016 with plans to drill new wells in its three core operating areas this year: Granite Wash, Hoxbar and Wilcox. The company experienced a 14%...
Mar 15, 2017
Permian to fuel Apache’s growth outlook
Led by its Permian Basin operations, Apache will pivot back to growth in 2017, increasing its capital budget more than 60% over 2016 spend to $3.1 billion. About $2.0 billion will be directed toward...
Mar 15, 2017

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