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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
Goodrich completes first Haynesville wells of year
Goodrich Petroleum has begun producing its first Haynesville completions of the year, and it has entered an agreement to expand its position in the play. The Wurtsbaugh 26H-1 reached a 24-hour peak...
Jun 07, 2017
Enerplus grows volumes in Williston Basin
Enerplus’ Williston volumes began growing at the end of Q1, driven by a two-rig program at Fort Berthold. March production was 27,000 boe/d while the Q1 average was 25,065 boe/d. The company drilled...
Jun 07, 2017
WPX’s Bakken pads outperform type curve
After working down its DUC inventory late last year, WPX Energy is in a steady cadence in the Williston Basin. Nine new wells came online in Q1 to drive up oil volumes 5% to 25,300 bo/d, and the...
Jun 07, 2017
Fed: Texas, Oklahoma oil plays have lowest breakevens, opex
The Permian Basin and Oklahoma’s STACK/SCOOP are at the center of the oil and gas recovery with the lowest breakevens and opex, according to a Dallas Federal Reserve report. The Fed polled around 60...
Jun 07, 2017
Byron's South Marsh Island 71 will flow oil by year’s end
The Byron Energy-operated South Marsh Island 71 project will see first oil in 4Q17, according to partner Otto Energy. The SM-71 #1 well will be completed in the D5 sand interval with an expected IP...
Jun 07, 2017
Energy XXI Gulf Coast starts four-well drilling plan
Energy XXI Gulf Coast will begin a development drilling program on the Gulf of Mexico Shelf in early June with two to four wells planned. The program will focus on the company’s core area of West...
Jun 07, 2017
Gulf of Mexico deepwater drilling becomes more economic
GOM deepwater drilling costs are falling as operators focus on their core portfolio. Some deepwater projects could be economic at $50/bbl oil by next year, which is down from the average 1Q17...
Jun 07, 2017
Operators tackle service cost hikes of 10-20%
A common sentiment among E&Ps through Q1 was that oilfield service costs are going up. Companies reported 10-20% increases as oil prices rise and OFS firms regain their pricing power. To protect...
Jun 07, 2017
Devon Energy confirms Upper Eagle Ford viability
While Devon is largely focused on developing its STACK and Delaware Basin assets, the company’s Eagle Ford wells saw strong performance in Q1 in DeWitt Co., TX. Good well results confirmed the...
Jun 07, 2017
Callon carries out former CEO's vision with H2 drilling
Callon Petroleum is gearing up to begin drilling the Delaware Basin as it mourns the passing of the man who shaped its Permian strategy. CEO Fred Callon passed away unexpectedly two weeks ago. Under...
Jun 07, 2017

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