Upstream Calendar

11/02/2025

Shenandoah Achieves 100,000 BOPD Milestone

Houston, TX, October 9, 2025. Beacon Offshore Energy LLC (“Beacon”) announced today that it has successfully completed the ramp-up of the four Phase 1 development wells in its operated Shenandoah field to its target rate of 100,000 bopd / 117,000 boepd. Well productivity as well as reliability and uptime metrics of the Shenandoah floating production system (“Shenandoah FPS”) have conformed to expectations and the ramp up to target rate was accomplished within 75 days following first production, evidencing the top tier operability of the Shenandoah FPS.

The Shenandoah reserves, located at reservoir depths of approximately 30,000 feet true vertical depth, are being developed utilizing industry leading high pressure 20,000 psi technology which Beacon expects to facilitate development of other similarly situated fields in the Inboard Wilcox trend.

The Shenandoah FPS located on Walker Ridge 52 approximately 150 miles off the coast of Louisiana in a water depth of approximately 5,800 feet has been placed into service with a nameplate capacity of 120,000 bopd and 140 mmcfd. The Shenandoah FPS has been designed as a regional host facility that will enable development of additional resources including the Beacon operated Monument and Shenandoah South discoveries which together with Shenandoah are expected to hold recoverable resources of nearly 600 MMBOE. Beacon is joined by HEQ Deepwater and Navitas Petroleum in the Shenandoah development.

About Beacon Offshore Energy

Beacon Offshore Energy is a Houston, Texas-based exploration and production company formed in 2016 with a focus on acquiring, exploring, and developing upstream oil and gas properties in the deepwater Gulf of America. Beacon is actively focused on developing its resource position and currently holds working interest in 87 deepwater leases covering nearly 500,000 gross acres. Visit www.beaconoffshore.com for more information.

Read article: https://upstreamcalendar.com/shenandoah-achieves-100000-bopd-milestone/

This Event Reminder is Sponsored by: State Service, leaders in Modular Design and Fabrication for Oil and Gas Houston, TX, October 9, 2025. Beacon Offshore Energy LLC (“Beacon”) announced today that it has successfully completed the ramp-up of the four Phase 1 development wells in its operated S...

10/30/2025

TWO WEEKS AWAY: AADE National F5 Event! Who's going to be there?

More info: https://upstreamcalendar.com/events/register-now-for-the-21st-annual-aade-national-fin-feather-fur-food-festival-aade-f5-xxi-november-13-2025/

This Event Reminder is Sponsored by: Charter Pipe, Leaders in OCTG NOTE: No paper tickets mailed. All tickets are electronic. There will be NO Will Call this year. We have moved to a new electronic ticketing system with Afton Tickets. - No paper tickets will be mailed. All tickets will now be electr...

10/19/2025

THIS WEEK: Permian Basin International Oil Show 2025 (PBIOS) – October 21-23
Learn More: https://upstreamcalendar.com/events/register-now-for-the-permian-basin-international-oil-show-2025-october-21-23-2025-odessa-tx/

This Event Reminder is Sponsored by: Charter Pipe, Leaders in OCTG and Line Pipe supply The Permian Basin International Oil Show (PBIOS) is the premier gathering for the oil and gas industry, showcasing cutting-edge technologies, innovations, and solutions that drive progress in the energy sector. S...

10/12/2025

🔥🔥 CALLING ALL BBQ LOVERS! 🔥🔥

Think you’ve got what it takes to judge some of the best BBQ in Texas? 🍖

We’re looking for BBQ Judges for the Texas BBQ Bash happening Oct 17–18!

🍹 Friday: Margarita • Ribeye • Cook’s Choice
🥩 Saturday: Bloody Mary • Chicken • Pork Ribs • Pork Butt • Brisket • Kids Q

Bring your appetite, your taste buds, and your Texas pride — this is one you don’t want to miss! 🤠

👉 Sign up to be a judge here:
https://form.jotform.com/242429108095154

📞 For questions, contact Christy Ramirez – (830) 857-6540

08/30/2025

INTERNATIONAL: Register Now for the MENA Wells 2025 September 9 – September 10, 2025 – Abu Dhabi
More Info:

Welcome to the New MENA WELLS 2025, previously OWI MENA. Based on your feedback, we’re launching a refreshed experience with MENA WELLS taking place 9–10 September in Abu Dhabi to include the entire well portfolio in the Middle East, from onshore to offshore, and encompass the entire well lifecy...

08/27/2025

SOLD OUT: IADC Houston Chapter August Luncheon (Operator Panel) – August 27, 2025 – Houston, TX - Did you miss out? be sure to subscribe at UpstreamCalendar.com to not miss out on any more key events.

More info: https://upstreamcalendar.com/events/sold-out-register-now-for-the-iadc-houston-chapter-august-luncheon-operator-panel-august-27-2025-houston-tx/

This Event Reminder is Sponsored by: Allstream Energy Partners, Leaders in Industrial Oil and Gas Marketing and B2AI For Oil and Gas When: Wednesday, August 27, 2025 Time: 11:00 AM - 1:00 PM (CDT) Location: Petroleum Club of Houston Registration IADC Houston Chapter Board of Directors Member Registr...

08/27/2025

ICYMI: Sale of $580 Million Assets - Occidental Announces Further Progress on Asset Sales and Debt Reduction.
More info:

This Article is Brought to you by: Allstream Energy Partners, Leaders in B2AI for Oil and Gas and Digital Marketing for Industrial Market Announced four divestures since April 2025, generating approximately $950 million in proceeds for debt reduction Repaid approximately $7.5 billion in debt since J...

08/26/2025

$3.1 Billion Acquisition: Crescent Energy to Acquire Vital Energy in All-Stock Transaction, Establishing a Top 10 Independent
Accretive on all key metrics, delivering immediate and sustainable value for shareholders

Assets will be managed within Crescent’s consistent strategy focused on free cash flow and returns Crescent increases non-core divestiture pipeline to $1 billion

HOUSTON, August 25, 2025 – Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) and Vital Energy, Inc. (NYSE: VTLE) (“Vital”), today announced that they have entered into a definitive agreement (the “Merger Agreement”) pursuant to which Crescent will acquire Vital in an all-stock transaction valued at approximately $3.1 billion, inclusive of Vital’s net debt (the “Transaction”). The Transaction will establish a top 10 independent with a consistent and free cash flow focused strategy, scaled positions and flexible capital allocation across premier basins. The combined company will be led by a management team and Board with deep operating and investing expertise, well-positioned to drive long-term growth and value creation.

Under the terms of the Merger Agreement, Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each share of Vital common stock, representing a 5% premium to the 30-day volume weighted average price (“VWAP”) exchange ratio and a 15% premium to Vital’s 30-day VWAP as of August 22, 2025.

The Transaction Offers Compelling Value for All Shareholders:

Attractive Acquisition Returns and Significant Accretion – Strong cash-on-cash investment returns with valuation covered by existing production base; highly accretive across CFFO, FCF and NAV per share; $90 – $100 MM of immediate annual synergies with potential for significant incremental operating efficiencies.
Consistent Strategy Focused on Free Cash Flow and Attractive Returns – Crescent to implement lower activity, higher free cash flow business plan to align assets with its consistent strategy; high-graded capital allocation improves investor returns and supports peer-leading dividend.
Enhances “Investment Grade” Quality Balance Sheet – Leverage accretive business plan plus ~$1 BN pipeline of non-core divestitures; creates largest liquids-weighted producer without IG status(1).
Strengthens Leading Growth Through Acquisition Platform – Consistent investment and operational underwriting; >$60 BN of opportunity surrounding the combined footprint.
Pro Forma Crescent is a Top 10 Independent – Scaled and focused asset portfolio with flexible capital allocation across more than a decade of high-quality inventory in the Eagle Ford, Permian and Uinta Basins.

Read more: https://upstreamcalendar.com/3-1-billion-acquisition-crescent-energy-to-acquire-vital-energy-in-all-stock-transaction-establishing-a-top-10-independent/

This article is brought to you by: K+B Industries, leaders in machining premium threads. Accretive on all key metrics, delivering immediate and sustainable value for shareholders Assets will be managed within Crescent’s consistent strategy focused on free cash flow and returns Crescent increases n...

08/25/2025

TOMORROW: SPE Gulf Coast Section ESP Symposium Fishing Tournament August 25, 2025 – Galveston
More info:

The 2025 ESP Symposium Fishing Tournament will be in Galveston at the West End Marina. About Upstream Calendar Upstream Calendar is the leading platform for events and news in the upstream oil and gas industry. Dedicated to exploration, drilling, completions, and production, Upstream Calendar provid...

08/25/2025

See you at IMAGE this week! Booth #309!

SEG | IMAGE 2025

Building Your Geoscience Success: 5 Years of Discovery & Innovation

The World's #1 Geoscience Event

25-28 August 2025

https://www.hgs.org/civicrm/event/info?id=2654

08/24/2025

Register now for the 11th Annual Digitalization in Oil & Gas Conference September 3-4, 2025 Hilton Americas – Houston, TX
SAVE 15% with CODE UC15

Digitalization, Decarbonization, and Business Transformation for upstream, midstream, and petrochemical operators

The 11th Annual Digitalization in Oil and Gas will delve deeper into the intersection of digitalization and decarbonization, highlighting the transformation required for the sector to stay relevant, resilient, and achieve business value. This year, the focus is on leveraging AI and generative AI, driving sustainability and workforce development, and achieving operational excellence through digitalization.

Key objectives include building future-ready facilities, planning for a lower carbon market, and realizing business value through innovative solutions. Operators seek to implement scalable digital solutions to routine problems, modernize aging assets, and extend their lifecycle. Despite deployment challenges, the conference will address strategies to overcome these obstacles and highlight successful case studies and best practices in digital transformation.

Join us to explore how the latest technologies, including AI, IoT, and Automation, can revolutionize upstream, midstream, and downstream operations, driving efficiency, reducing costs, and enhancing safety. Engage with industry leaders, participate in interactive sessions, and connect with peers to drive your organization’s digital and sustainable transformation.
Learn More:

This Event Reminder is Sponsored by: Allstream Energy Partners, Leaders in Digital Marketing for Oil and Gas and Generative Engine Optimization for Energy Digitalization, Decarbonization, and Business Transformation for upstream, midstream, and petrochemical operators The 11th Annual Digitalization....

08/24/2025

TWO WEEKS : Hydrogen Americas Summit and Exhibition September 3 – September 4, 2025 – DC.

Learn More:

This Event Reminder is Sponsored by: Allstream Energy Partners, leaders in Generative Engine Optimization for Oil and Gas The Hub For Hydrogen & Energy Solutions In The Americas Region The Americas’ Changing Energy mix: Hydrogen, Gas, CCUS and Derivatives Having established itself as the premier g...