Industry News
Quaise Closes $180 Million Series B as Nabors Invests $35 Million and Drills at Project Obsidian
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments A Nabors PACE-B rig is drilling at the Central Oregon geothermal development, where Quaise targets a 50-MW first phase...
SLB OneSubsea Wins Thunder Horse EPC Contract for 15,000-boe/d Boosting Project
Allstream Insiders Summary SLB OneSubsea has secured an engineering, procurement and construction contract from bp to deliver a subsea boosting system for the Thunder Horse project in the deepwater Gulf of America. The contracted scope includes the boosting system and...
EagleRock Acquires Intrepid Ranch for $78.2 Million, Adds 50,000-Acre Lea County Surface Position
Allstream Insiders Summary EagleRock Land has completed the $78.2 million acquisition of Intrepid Ranch, adding an approximately 50,000-acre surface position in Lea County, New Mexico, directly adjacent to the company's existing Delaware Basin acreage. The acquisition...
Continental Resources Agrees to Acquire FireBird Energy II, Adding 54,000 Net Midland Basin Acres
Allstream Insiders Summary Continental Resources has entered into an agreement to acquire FireBird Energy II LLC, a Quantum Capital Group-backed upstream producer with approximately 54,000 net acres in the Midland Basin. Continental said the FireBird assets are...
Noble Adds $200 Million in Offshore Rig Contracts as Backlog Stands at $6.8 Billion
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments Six wells for the Noble Viking in Asia Pacific and three wells for the Noble Claus Bachmann in the UK North Sea add...
Expand Energy Adds Haynesville and Bradford County Inventory as $2.75-$2.95 Billion Capital Plan Advances
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments Expand acquired approximately 33,000 acres in Louisiana and 3,000 acres in Pennsylvania as its 2026 program includes...
Transocean Adds $292 Million in Firm Offshore Backlog as $1 Billion Equinor Rig Program Awaits Approvals
This article is brought to you by: Tuboscope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments Five offshore rig awards and extensions span the U.S. Gulf, Ivory Coast, Norway and Australia, while a conditional...
Occidental Details $3.1 Billion Permian Program Within $5.5-$5.9 Billion 2026 Capital Plan
This article is brought to you by: TuboScope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments Occidental reports approximately 19 gross operated Permian rigs and plans to place 485 to 515 gross company-operated...
Permian Resources Adds 54,000 Delaware Basin Acres Through $1.05 Billion 2026 Acquisition Program
This article is brought to you by: Charter Pipe, distributors of OCTG products and line pipe Permian Resources reports approximately 190 transactions across its Ward County, Parkway and broader ground-game program while updating its 2026 capital plan to $1.9 billion...
Diamondback Allocates $3.31 Billion to Operated Drilling and Completions Within $3.9 Billion 2026 Capital Plan
This article is brought to you by: TuboScope, leaders in high performance internal coatings built to protect tubulars in harsh operating environments Diamondback reports a Permian program that includes 17 drilling rigs, five completion crews, six completed 3-mile...