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Strike Energy is in the hunt for a gas prize estimated at up to 11 trillion cubic feet.
Fieldwood Energy will purchase Noble’s GoM assets in a deal valued at $710 million, including $480 million in cash and $230 million in assumed liabilities.
At the recent NAPE Global Business Conference, panelists from Hess and Akin Gump gave insight on what plays into developing resources in the Lower 48 or international deepwater.
Case Study – Microseismic analysis for a horizontal well completed in the San Andres was used to understand wellbore density for highest capital efficiency.
The company said it plans to spend $3.9 billion overall in 2018 and increase production by between 8% and 12% with a 40% annual growth in Permian resources in 2018.
This region’s gas production equals predownturn levels.
Half of the spending will go toward E&P activities as the country aims to increase domestic oil and gas production.
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