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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
BP’s Thunder Horse NW comes online four months early
The third expansion project at BP’s operated Thunder Horse development in the deepwater Gulf of Mexico started up four months ahead of schedule and 15% under budget, although the cost was not...
Oct 19, 2018
PS - Analyst Notes - October 19, 2018
Ring Energy (REI; $10.65-Oct. 2; Neutral; PT-$12) REI shares have underperformed the XOP by ~46% since the company’s May Q1 conference call ... In light of this underperformance and...
Oct 19, 2018
Big projects start up early, Eagle Ford on the rise
Major producers are executing in a big way, bringing key projects online ahead of schedule and under budget. ConocoPhillips started up its Greater Mooses Tooth-1 project on Alaska’s North Slope two...
Oct 19, 2018
PS - People & Companies - October 19, 2018
Louisiana-focused E&P firm Empire Petroleum announced the election of CEO Tommy Pritchard to its board. A longtime energy investment banker, Pritchard was hired to lead Empire in late 2017 after the...
Oct 19, 2018
Alaska operators crack code to North Slope viscous oil
After decades of frustrated efforts, North Slope producers are finally making progress toward the economic development of the West Sak, a large, shallow deposit of cool, viscous oil. Besides low oil...
Oct 19, 2018
Cabot misses Q3 production guidance on pipeline delay
Northeast Marcellus-focused Cabot Oil & Gas released a preliminary Q3 production estimate of 2.029 Bcfe/d, representing a 7% increase from Q2 and 19% YOY, adjusted for divestments. The company...
Oct 19, 2018
BOEM to offer 78 million acres across GOM in March
The US Bureau of Offshore Energy Management plans to offer 78 million acres throughout the Gulf of Mexico in Lease Sale 252 to be held March 2019 in New Orleans. The sale includes all available...
Oct 19, 2018
Chevron abandons Tigris hub project but won’t drop Anchor
After a year and a half of pre-front-end engineering and design study, Chevron has decided not to develop its ambitious Tigris hub project in the deepwater Gulf of Mexico but continues to progress...
Oct 19, 2018
PS - South Texas Briefs - October 19, 2018
Toronto-listed Emerald Bay Energy Inc. spudded its operated Floyd 1 well on its recently acquired F. Poenitz lease in Guadalupe County, Texas. The Floyd 1 and Floyd 2 wells are being drilled in...
Oct 19, 2018
PS - Rockies Briefs - October 19, 2018
 The US Bureau of Land Management raised $60.4 million in high bids during a three-day auction for Wyoming where it offered 348 parcels and received bids on 311 covering 301,605 acres. Deputy...
Oct 19, 2018

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