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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
Efficiency boom unleashing Lower 48 production growth
The Energy Information Administration reports companies continue to push the limit of what the US can produce. Oil volumes increased 260,000 bo/d in February to reach 10.26 MMbo/d, the highest on...
May 07, 2018
Shell’s Vito sanction ushers in era of low-cost GOM projects
Shell will proceed with development of its Vito discovery in the Gulf of Mexico after making a positive final investment decision. Vito will be developed via eight subsea wells featuring deep in-well...
May 07, 2018
Tecolote scores record IP30 Panhandle POWER play
An area Tecolote Energy terms the “Pandhandle Oil Window Extended Reach” or POWER play may be about to get a lot more well known. The reason is the Little-Pyeatt 30-19 ME WX1H (9,518-ft lateral)...
May 07, 2018
Strong Bakken economics drives Whiting to go all in
Whiting Petroleum has decided to focus on its Bakken assets by foregoing additional investment into the DJ Basin and putting its 100,000-acre position at Redtail up for sale. The reason is the...
May 07, 2018
BNK’s latest frac design pays off at Glenn 16-2H
BNK Petroleum’s Glenn 16-2H (4,950-ft lateral) in Johnston County registered an IP30 of 630 boe/d (86% oil) and is currently producing 620 boe/d (85% oil). The well is located at BNK's Tishomingo...
May 07, 2018
Devon’s Coyote wells yield impressive 4,400 boed IP30s
Devon Energy brought 12 high-rate STACK wells on stream during Q1, notes PLS’ MidContinent Scout. These wells averaged IP30s of 3,500 boe/d (55% oil) with the top rates coming from four Meramec wells...
May 07, 2018
Diamondback’s Q1 volumes up 10% from Q4
Permian-focused Diamondback Energy’s Q1 production averaged 102,600 boe/d (74% oil), up 10% sequentially while Diamondback subsidiary Viper Energy Partners produced 14,100 boe/d (71% oil), a 14% gain...
May 07, 2018
Growing Permian oil and gas production throttled back
PLS’ Permian Scout reports EIA data shows Permian DUC growth averaged 127 per month over the past year and stands at 3,044 and growing. This is about double that previously seen in the Eagle Ford and...
May 07, 2018
Permian producers face rising service costs
Increased activity in the Permian Basin could prompt an increase in service costs as production from the play continues to grow. Consulting firm Wood Mackenzie projects that service costs in the...
May 07, 2018
QEP filling its tank through Midland Basin innovation
QEP Resources is experimenting with so-called tank-style development at its Midland Basin properties in Andrews and Martin counties. The approach uses large multi-well pads and advanced completions...
May 07, 2018

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