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Sanchez and private-equity company Blackstone Energy will pay in equally for 155,000 net acres in the Eagle Ford while Anadarko looks to spend in the D-J and Permian basins.
Bakken E&P companies turn their sights on reducing drilled but uncompleted wells backlog.
Total production in 2016 is expected to close out approximately 5% lower than 2015 levels. Compared to the massive increases to which the world had grown accustomed, this drop is indeed material.
A new solution for extended laterals is a robust threaded and coupled connection that is 100% pipe-body rated and has enhanced torque capacity, high bending resistance and superior sealing capability.
The U.S. shale landscape has transformed itself over the last several years and has finally hit the first downcycle for many producers.
The acquired land includes wells and facilities in Raging River’s core Kerrobert and Lucky Hills producing areas in southwest Saskatchewan.
A purchase and sale agreement relating to each block must be submitted to Ecopetrol by Dec. 7 and executed by Dec. 22, Reuters reported.
The laboratory is also the first Schlumberger laboratory outside of the U.S. to offer the company's FIS fluid inclusion stratigraphy analysis, which evaluates abundance, distribution and composition of hydrocarbon and nonhydrocarbon species trapped in inclusions in cuttings or core samples.
The assets on offer are one shale gas block in East Kalimantan, with potential resources of 7 trillion cubic feet of gas and 21 million barrels of oil, as well as two coalbed methane blocks in South Sumatra, Reuters reported.
DualEx also said that Jason Schoenfeld was appointed as vice president of engineering, effective Oct. 20. Schoenfeld is a professional engineer with 20 years’ experience in the western Canadian oil and gas industry.
MODEC said this FPSO is the 11th it has delivered to Brazil's oil and natural gas sector, and the fifth it has delivered to the presalt region.
January production will edge up 1,400 bbl/d to 4.542 MMbbl/d, the U.S. Energy Information Administration said. In December, it was expected to drop by 29,000 bbl/d.
Until commodity prices improve and stabilize, the Eagle Ford will remain overshadowed by the high-flying Permian Basin.
Technology improves efficiency and reduces NPT.
An improving natural gas market has Appalachian well stimulation providers hopeful for activity expansion.
Workers at Peru's Camisea natural gas fields have called off a strike scheduled for Dec. 29 after reaching a deal on labor benefits with Argentina's Pluspetrol, the union SUTRAPPEC said Dec. 28.
Canacol Energy Ltd. provided an update Dec. 19 for the Clarinete 3, Nelson 5, and Nelson 8 development gas development wells in Colombia, and for the first-quarter 2017 exploration drilling program.
Argentina produces an estimated 716,000 barrels of oil per day, according to the U.S. Energy Information Agency, Reuters reported.
The audit office questioned the eligibility of deductions claimed for the cost of debt and equity funded capital and the excise paid on crude and condensate, Reuters reported.
U.S. emissions were projected to fall by 1.7% in 2016, a projection that is also driven by declines in coal consumption, according to the study, which was published in the journal Earth System Science Data.