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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
WildHorse’s Austin Chalk program takes center stage in Q3
Ahead of a $4 billion acquisition by Chesapeake set to close in 1H19, South Texasfocused WildHorse Resource Development reported Q3 net production of 49,000 boe/d (73% oil, 12% NGLs), up 5% from Q2...
Nov 30, 2018
Magnolia hikes output guidance for 2nd time since startup
New Eagle Ford entrant Magnolia Oil & Gas increased its 2018 production guidance for the second time since it began operations in early August. The company now expects volumes this year to...
Nov 30, 2018
Sundance drills better-than-expected wells on new acreage
Buoyed by better-than-expected results from the first nine wells drilled on acreage acquired from Pioneer Natural Resources, Sundance Energy Australia exceeded the top end of its 10,000-11,000 boe/d...
Nov 30, 2018
Murphy raises Samurai-2 estimate after drilling sidetrack
After reaching TD in mid-October at an appraisal sidetrack in the deepwater Gulf of Mexico, Murphy Oil increased its resource estimate for its Samurai-2 discovery to 90 MMboe from 75 MMboe. Murphy...
Nov 30, 2018
BP & BHP moving forward with 200 MMbo Atlantis Phase 3
In a Nov. 21 investor presentation, Australian miner BHP said it has allocated more than $500 million to a third development phase at the BP-operated Atlantis field in the deepwater Gulf of Mexico....
Nov 30, 2018
Taylor Energy ordered to stop 14-year GOM oil leak
The US Coast Guard ordered Taylor Energy to find a new containment solution for a 14-year-old leak at an oil well offshore Louisiana or pay fines of $40,000 a day. The ultimatum follows a new...
Nov 30, 2018
Talos to drill 2 new production wells at Phoenix complex
While preparing an appraisal campaign at its Zama discovery offshore Mexico, Talos Energy is also staying active on the US side of the Gulf of Mexico. The Houston company took delivery of a...
Nov 30, 2018
PS - Analyst Notes - November 30, 2018
Parsley Energy (PE; $24.25-Nov. 1; Overweight) 3Q18: Free cash flow coming sooner than expected. The quarter played out largely as most on the buy-side expected, with an oil beat versus the...
Nov 30, 2018
Apache co-founder Raymond Plank dies at 96
Raymond Plank, who helped found Apache in 1954, died Nov. 8 in his home in Ucross, Wyoming, at the age of 96. A coal miner’s son and World War II combat pilot, Plank teamed up with two partners in...
Nov 30, 2018
PS - People & Companies - November 30, 2018
 Abraxas Petroleum promoted Steven P. Harris to VP and CFO. Harris, with over 20 years of financial experience, joined the company in June as director of finance and capital markets. Prior to...
Nov 30, 2018

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