The Journal of Petroleum Technology

5 days ago | jpt.spe.org | Jennifer Pallanich

EOG Resources is buying Encino Acquisition Partners (EAP) in a $5.6 billion deal that EOG said will transform its Utica Shale operations. “We're really moving the Utica position from being an emerging asset into one that can easily scale up and handle more activity,” Ezra Y. Yacob, EOG chairman and CEO, said during a 30 May investor webcast discussing the transaction, which is expected to close by the end of 2025.

6 days ago | jpt.spe.org | Jaxon Caines

Shell Increases Working Interest in the Ursa PlatformShell has upped its stake in the Ursa platform in the US Gulf of Mexico from approximately 45 to 61%. The acquisition completes a previously announced agreement with ConocoPhillips and is part of Shell’s strategy to invest in profitable and carbon-competitive oil and gas projects with a strong integrated value chain. Shell is the operator of the Ursa tension-leg platform (TLP) with BP Exploration & Production Inc.

1 week ago | jpt.spe.org | Blake Wright

If you want to catch a wily mouse, you need to build a better mouse trap. If you want to tap into increasingly more difficult reservoirs in the search for oil and gas, you need to drill a better well. When it comes to global hydrocarbon reserves, the low-hanging fruit was picked over years ago. What’s left and available for exploration is generally ultradeep, super-hot, overpressured, or some combination of that trio.

1 week ago | jpt.spe.org | Jaxon Caines

At this year’s Offshore Technology Conference (OTC), industry representatives from Brazil took to the stage and podium, laying out how the country will hit expansion targets while managing an aging infrastructure that’s quickly becoming a liability.

1 week ago | jpt.spe.org | Jennifer Pallanich

Some oil fields show a lot of promise—but even more in the way of challenges. An example is the Atlanta field in block BS-4 offshore Brazil. This post-salt field holds estimated 2P reserves of 172 million BOE. That oil? It’s heavy, extremely viscous, and highly acidic, in an unconsolidated reservoir in 1550 m water depth. Shell discovered heavy oil at Atlanta in 2001, pronounced it commercial in 2006, and later exited the concession without developing it.