Top Fracking Stories

Weyerhaeuser and Lapis Energy announce

Weyerhaeuser Company and Lapis Energy LP have recently announced the signing of an exclusive exploration agreement for subsurface carbon dioxide sequestration in Arkansas, Louisiana, and Mississippi. This agreement covers 187,500 acres of subsurface rights owned by Weyerhaeuser and encompasses five potential sequestration sites, including two locations previously identified by Weyerhaeuser as promising opportunities for carbon capture and sequestration (CCS) development. During the two-year exclusive agreement, Lapis will assess the sequestration potential of each site. Once the technical and commercial evaluations are successfully completed, Lapis will have the option to advance the sites into full-scale development agreements. This will involve obtaining the necessary permits, constructing the facilities, and operating permanent CO2 sequestration sites that cater to large-scale industrial sources... > read more

Diamondback Energy and Endeavor Energy merge

In a major development, Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. have announced their merger in a definitive agreement valued at approximately $26 billion, including Endeavor's net debt. This merger will create a leading independent operator in the Permian region. Under the terms of the agreement, the transaction consideration will comprise approximately 117.3 million shares of Diamondback common stock and $8 billion in cash, subject to customary adjustments. The cash portion of the consideration is expected to be funded through a combination of cash on hand, borrowings, and proceeds from term loans and senior notes offerings. After the merger, Diamondback's existing stockholders are anticipated... > read more

Archer awarded contracts worth USD 125 million

Archer, a global provider of drilling services, is pleased to announce that its subsidiary in Argentina has been awarded additional drilling contracts worth a total of USD 125 million by Pan American, a leading player in the oil and gas industry in Argentina. One of the contracts is a 2.5-year extension for three drilling rigs operating in Pan American's Cerro Dragon Field. This extension, which comes with improved commercial terms, has a value of approximately USD 100 million and will run until the fourth quarter of 2027. The contract extension demonstrates Pan American's confidence in Archer's ability to deliver safe and cost-effective drilling operations... > read more

Eavor announces

Eavor Technologies Inc.,a pioneer in the field of advanced geothermal energy solutions have announced the successful completion of $182 million in financing. This significant investment will enable Eavor to accelerate the development and deployment of its revolutionary geothermal technology. The equity round was led by OMV AG, with participation from Canada Growth Fund, Japan Energy Fund, Monaco Asset Management and Microsoft’s Climate Innovation Fund. Existing investors BDC, bp Ventures, Eversource Energy, Temasek and Vickers Venture Partners contributed and supported the funding round, while Chubu Electric Power Co., Inc. completed the conversion of their debentures... > read more

ExxonMobil announces merger

Exxon Mobil Corporation and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing. The implied total enterprise value of the transaction, including net debt, is approximately $64.5 billion. The merger combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating the industry’s leading high-quality undeveloped U.S. unconventional inventory position. Together, the companies will have an estimated 16 billion barrels of oil... > read more
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Top Three Featured Fracking Articles
Crescent Point announces acquisition

Crescent Point announces acquisition

Crescent Point Energy Corp. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to acquire...
> read more
Schlumberger and RTI NAS Tech Scale Up

Schlumberger and RTI NAS Tech Scale Up

Schlumberger has entered into an agreement with RTI International, a non-profit research institute, to accelerate the industrialization...
> read more
North America Drops Another Rig

North America Drops Another Rig

North America dropped another rig week on week, according to Baker Hughes’ latest rig count, which was published on October...
> read more
Fracking News
Weyerhaeuser and Lapis Energy announce

Weyerhaeuser and Lapis Energy announce

Weyerhaeuser Company and Lapis Energy LP have recently announced the signing of an exclusive exploration agreement for subsurface ... > read more
Fervo Energy drilling results show

Fervo Energy drilling results show

Exciting advancements in the geothermal industry have been unveiled at the Stanford Geothermal Workshop, where Fervo Energy ... > read more
Diamondback Energy and Endeavor Energy merge

Diamondback Energy and Endeavor Energy merge

In a major development, Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. have announced their merger in a definitive ... > read more
Archer awarded contracts worth USD 125 million

Archer awarded contracts worth USD 125 million

Archer, a global provider of drilling services, is pleased to announce that its subsidiary in Argentina has been awarded ... > read more
Eavor announces

Eavor announces

Eavor Technologies Inc.,a pioneer in the field of advanced geothermal energy solutions have announced the successful completion ... > read more
ExxonMobil announces merger

ExxonMobil announces merger

Exxon Mobil Corporation and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire ... > read more
Fracking News
National Drilling Company signs contract

National Drilling Company signs contract

As part of the agreement, Schlumberger will provide support to the National Drilling Company in drilling three wells for ... > read more
SilverBow Resources announces acquisition

SilverBow Resources announces acquisition

SilverBow Resources, Inc. have announced that it has entered into an agreement to acquire Chesapeake Energy Corporation’s ... > read more
NOG provides update on 2023

NOG provides update on 2023

Northern Oil and Gas, Inc. have provided an update to 2023 guidance and a preliminary second quarter financial and operational ... > read more
SLB awarded five year contract

SLB awarded five year contract

SLB has been awarded a five-year contract by Petrobras for an enterprise-wide deployment of its Delfi™ digital platform. ... > read more
Hess electrifies Bakken Rigs

Hess electrifies Bakken Rigs

Hess Corporation has replaced diesel fuel with electricity to power its four Bakken drilling rigs – a project that over ... > read more
GA Drilling emphasizes advancements

GA Drilling emphasizes advancements

GA Drilling mentioned Eavor as one of Canada’s leading Advanced Geothermal Systems (AGS) in a LinkedIn article. The ... > read more
Fracking News
NOG announces joint acquisition

NOG announces joint acquisition

Northern Oil and Gas, Inc. has announced that it has entered into a definitive agreement to acquire a 33.33 percent undivided ... > read more
Earthstone Energy announces

Earthstone Energy announces

Earthstone Energy, a US-based oil and gas exploration and production company, has announced plans to acquire Novo Oil & Gas ... > read more
NOG announce joint acquisition of Forge Energy

NOG announce joint acquisition of Forge Energy

Northern Oil and Gas, Inc. have announced that it has entered into a definitive agreement to acquire a 30 percent undivided ... > read more
Ovintiv to acquire core Midland Basin assets

Ovintiv to acquire core Midland Basin assets

Ovintiv Inc. has announced it has entered into a definitive purchase agreement to acquire substantially all leasehold interest ... > read more
Crescent Point announces acquisition

Crescent Point announces acquisition

Crescent Point Energy Corp. is pleased to announce that it has entered into an agreement with Spartan Delta Corp. to acquire ... > read more
Marathon Oil announces agreement to develop

Marathon Oil announces agreement to develop

Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, announced it has signed a Heads of ... > read more
Fracking News
Callon Petroleum Company announces retirement

Callon Petroleum Company announces retirement

Callon Petroleum Company has announced L. Richard Flury's intention to retire from the Board of Directors following the 2023 ... > read more
Intertek to Provide Auditing Services

Intertek to Provide Auditing Services

Intertek, a leading Total Quality Assurance provider to industries worldwide, is proud to announce that it is accredited ... > read more
American Robotics announce

American Robotics announce

Ondas Holdings Inc. a leading provider of private wireless data, drone, and automated data solutions through its wholly owned ... > read more
Brenntag acquires Tech Management

Brenntag acquires Tech Management

Brenntag, the global market leader in chemicals and ingredients distribution, has announced the acquisition of Tech Management ... > read more
PETRONAS Uses Halliburton Tech

PETRONAS Uses Halliburton Tech

Halliburton Company has said the implementation of the Halliburton Digital Well Program® and Digital Well Operation DecisionSpace® ... > read more
Shale Mogul’s $975 million from BP

Shale Mogul’s $975 million from BP

Daniel Rice stands to receive about $975 million in cash from the sale of Archaea Energy, a renewable gas giant he helped ... > read more
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