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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
Continental’s 60-stage fracs hike EURs 9% to 1.2 MMboe
Following improved performance from 70 wells completed with Continental Resources’ 60-stage optimized frac design, the company boosted its type-curve EUR for the Bakken 9% to 1.2 MMboe. The increase...
Sep 06, 2018
PS - Analyst Notes - September 06, 2018
Whiting Petroleum (WLL; $50.91-Sept. 3; Buy; PT-$75) The second well in Whiting’s Loken pad in McKenzie County (Whiting’s Hidden Bench position) was recently added to the North Dakota DMR...
Sep 06, 2018
Operators hike drill plans, make step-changes in ops
The effects of solid Q2 performance in a higher oil price environment are definitely being felt by public E&P firms, which are using the resulting financial flexibility to accelerate development and...
Sep 06, 2018
Eni plans fast-track drilling for new Alaskan leases
Italy’s ENI plans to apply its signature fast-track exploration and development strategy to newly acquired acreage on the eastern side of Alaska’s North Slope. The company bought 124 onshore leases...
Sep 06, 2018
Goodrich tops 90 MMcfe/d on 2 strong Haynesville wells
The two latest Haynesville wells drilled by Goodrich Petroleum at Louisiana’s Bethany-Longstreet field achieved 24-hour peak rates of 22.5 MMcf/d each. These wells pushed companywide production above...
Sep 06, 2018
Lonestar boosts Eagle Ford drilling program on strong wells
Encouraged by outperformance in its well results, Eagle Ford driller Lonestar Resources added two wells to its 2018 drilling program, boosting its D&C budget 11% at midpoint to $120-130 million from...
Sep 06, 2018
Magnolia hikes 2018 guidance 10%, adds Eagle Ford rig
Thanks to better-than-expected well results and accelerated drilling, South Texas-focused Magnolia Oil & Gas announced in its Q2 earnings statement that it increased its 2018 production guidance 10%...
Sep 06, 2018
Enerplus flows 202 boe/d per 1,000 ft at Fort Berthold
Continuing to focus capex on Fort Berthold in the Williston Basin, Enerplus brought 11 operated wells (94% WI) onstream across two pads during Q2. The six-well Cats pad had three-stream 30-day rates...
Sep 06, 2018
PS- People Briefs - September 06, 2018
 Anadarko promoted SVP, General Counsel, Corporate Secretary and Chief Compliance Officer Amanda McMillan to EVP and General Counsel effective immediately. McMillan, who has worked at...
Sep 06, 2018
PS - Eastern Briefs - September 06, 2018
Gulf of Mexico operators evacuated 54 of the U.S. Gulf of Mexico’s 687 manned platforms as of Sept. 4 ahead of Tropical Storm Gordon. Over 9% of GOM production was shut in as ExxonMobil, Chevron and...
Sep 06, 2018

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