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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
Permian gas takeaway projects abound
Several companies are stepping up to the plate in order to break up the Permian Basin’s gas takeaway logjam. More than 10.5 Bcf/d of pipeline expansions have been proposed including Kinder Morgan,...
Jul 27, 2018
U.S. to become key supplier of LNG by 2023, study shows
The U.S. will become a major supplier of LNG within the next five years as demand in China is expected to make it world’s largest importer by next year, the International Energy Agency reported. The...
Jul 27, 2018
PennEnergy tests Union Springs wells in west Pennsylvania
Pittsburgh-based PennEnergy Resources recently completed 10 Union Springs formation wells in Butler and Armstrong counties, Pennsylvania. Four of those wells had 24-hour IP rates reported. These...
Jul 27, 2018
Seneca eyes northwest Pennsylvania Utica development
Seneca Resources is continuing its appraisal and optimization program in northwest Pennsylvania. The company brought three additional Utica wells on stream during Q2 off a Marcellus development pad...
Jul 27, 2018
July E&P news shows a strong industry across the board
U.S. E&P may be all about shale these days, but Alaska is showing that onshore conventional oil still has a role to play in the production mix. That’s because wells drilled during Conoco’s 2018-2019...
Jul 27, 2018
Conoco boosts Willow estimate by 100-450 MMboe
ConocoPhillips finished analyzing results from its winter drilling campaign in Alaska and has concluded that it has found up to 1.1 Bboe in resources since 2016. The estimate is based on findings...
Jul 27, 2018
Chesapeake gusher crushes Haynesville IP24 record
Chesapeake has done it again in the Haynesville play, where a recently completed well at Johnson Branch field in Caddo Parish, Louisiana, registered a record-shattering 24-hour IP rate. The company’s...
Jul 27, 2018
Well results expand Marathon’s Eagle Ford core
Marathon Oil’s completions are yielding high IP rates that are expanding what the company considers its core Eagle Ford acreage. In early June, Marathon completed five wells on the Guajillo Unit 10...
Jul 27, 2018
EnVen finds overlooked pay at Lobster in GOM
Ongoing work at EnVen Energy Corp.’s 8,000 bo/d Lobster field in the U.S. Gulf of Mexico has turned up additional oil. EnVen’s A-2 well targeted unbooked resources at the field in the Ewing Bank area...
Jul 27, 2018
Council Oak tests extended Mississippian lateral
Council Oak Resources completed its first extended lateral at the end of Q1. Located in Blaine County, Oklahoma, the John Kent #1-21-16UWH (10,671-ft lateral; 24.3 MMlb proppant) flowed an initial...
Jul 27, 2018

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