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Early signs point to a potential struggle within even the most productive parts of the shale patch, increasing the odds of an OPEC deal extension beyond March. But will that actually happen?
The company has identified up to 200,000 acres in the Midland and Delaware sub-basins for transactions in 2017-2018.
Speaking at SEAAOOC, Santos’ Kevin Gallagher said Australia should encourage shale gas development to drive down energy prices.
Statistics from the Aug. 16 sale show 27 companies participated and submitted 99 bids on 90 tracts. Total E&P USA submitted the highest single bid at $12.1 million.
The investment plans include drilling more wells in Colombia, where the company recently made a commercial discovery, and exploration activities in Kazakhstan and Bangladesh.
Nabors’ roughly $216 million acquisition of Tesco is ‘rare win-win in oil patch consolidation,’ analyst says.
Exploration activity targeting Jurassic carbonate reservoirs in North Kuwait has led to the discovery of six major tight gas fields in the last decade.