Mexico’s energy company is struggling and auctions continue to lag, particularly in unconventional areas.
The STACK continues to attract new investments and provides ample EURs with low breakevens.
Two D-J Basin players reflect on lessons, accomplishments and the future of Colorado’s hottest play at the COGA Energy Summit.
U.S. firms across the value chain can take advantage of opportunities that will emerge from Mexico’s energy reform, say experts at EnerCom.
A new resource assessment gives this unconventional play world-class status.
On the acquired assets in the Wilrich, Notikewin, Glauconite and Bluesky formations, about 149 gross (104.1 net) horizontal locations have been identified.
The newly acquired permits are all immediately adjacent to the Potash Restriction Zone.
The company raised its asset sales target to more than $2 billion from $1.2 billion-$1.7 billion as it looks to reduce its crippling debt burden and cope with weak oil and gas prices.
During the second quarter, ARC continued its noncore asset divestment program, divesting the remainder of low-netback operated shallow gas assets in southern Alberta.
The first expedition discovered gas hydrate accumulations in formations that are currently unlikely to be producible.
The five wells will be drilled back-to-back in the program, which will probably last about two and a half months, Bengal said.
Oboe-1 further appraises the Clarinete gas field structure and adds 38 Bcf of additional gas reserves to Canacol's portfolio of 3-P gas reserves of 419 Bcf.
Researchers were able to achieve 15% tertiary oil recovery using a nanofluid of graphene-based amphiphilic nanosheets that are effective at low concentrations.
There are signs the bottom is at hand, which is the first step in recovery.
CAPP forecast that conventional oil production in Western Canada, including condensates, will fall to 1.1 MMbbl/d by 2018, Reuters reported.
Production at Groningen, Europe's largest gas field, has been cut in half over the past two years due to public safety concerns, Reuters reported.
The goal is to maintain stable and reliable operations as consistent water flow from all four Klebb wells will accelerate. Reservoir pressure reduction will lead to increased gas flow rates.
The EPA cited research showing that 28% of all CO2 produced by the burning of fossil fuels over the past 250 years has been absorbed in the world's oceans, Reuters reported.
Right before the summit, China and the U.S. jointly announced they had ratified the Paris climate change agreement, a significant step for the world's two biggest emitters of greenhouse gases, Reuters reported.
The 2017 auctions will follow three auctions that began last year covering both shallow-water and onshore blocks.