Nissa Darbonne

5 days ago | hartenergy.com | Nissa Darbonne

EOG Resources’ deal to buy Utica oil-focused Encino Energy will consolidate 61% of Ohio’s daily horizontal oil output, leaving another 43,382 bbl/d up for grabs, according to a Hart Energy analysis of Ohio state data. Also up for grabs are 4.8 Bcf/d of gas and NGL, once EOG holds 1 Bcf/d of the state’s output upon closing the deal in the second half of 2025, the data show.

6 days ago | hartenergy.com | Nissa Darbonne

Formentera Partners is drilling more Pearsall wildcats in South Texas in delineating its new play. The company’s initial two wells have kept up more than 1,000 boe/d in their first 2.5 months online, the E&P confirmed to Hart Energy. In its first 75 days through March, Formentera’s Darlene 1-STX #N731HP made 51,504 bbl and 142 MMcf, totaling 75,149 boe, 69% oil, or an average of 1,002 boe/d, in southeastern Frio County, according to the most current Texas Railroad Commission (RRC) data.

1 week ago | hartenergy.com | Nissa Darbonne

Now 25 years old, the modern, stimulated, horizontal Bakken oil play that has produced more than 6 Bbbl to date began with a bail-out well in eastern Montana in 1996. The vertical Albin FLB #2-33 was supposed to be opened in the underlying Nisku, but geophysical and other indications while drilling showed the well wasn’t going to pay out if opened there.

1 week ago | hartenergy.com | Nissa Darbonne

New U.S. onshore M&A deal values suggest BP Plc’s shale properties could fetch at least $10 billion if carved out in a BP merger, according to a Hart Energy analysis. The figure is on a flowing boe/d basis only. The supermajor’s BPX Energy shale unit also has 1.5 Bboe of proved reserves, 0.8 million net developed acres among its total 1.7 million net acres and some 1,600 gross operated wells, BP reported in its annual 20-F filing with the U.S. Securities and Exchange Commission in March.

1 week ago | hartenergy.com | Nissa Darbonne

Privately held, Marcellus-focused operator HG Energy drilled 65% longer laterals among its Appalachian neighbors in 2024, while pumping 62% more proppant per lateral foot, according to findings in a new Appalachian Basin study. The Quantum Capital Group-backed E&P used some 3,500 lb of sand per foot, asset divestment advisor Energy Advisors (EA) reported from its findings. Next nearest was Ascent Resources with just under 3,000 lb/ft.