Exclusives

Upstream M&A Activity Surges By 250% In Record Quarter

BP’s $10.5 billion acquisition of a portion of BHP’s U.S. onshore portfolio highlighted M&A activity in the U.S. during the third quarter, a report by Drillinginfo says.

johnchristmann_apache_dug_executive_permian

At DUG Executive, Apache Corp. CEO John Christmann told top leaders from the oil and gas industry that his company’s focus is on the Permian Basin and for good reason.

canada_oil_jobs

Technology and lower-for-longer price environment have wrought rapid changes—some good, some bad—to Canada’s oil patch.

Apache, John Christmann, Alpine High, oil and gas, wet gas

The E&P has increased the number of drilling locations in the mostly wet gas play as it continues oil tests and optimizing designs.

Colombia_Land_Oil_Drilling

South America boasts plenty of unconventional prospects for local and foreign players to develop over the coming years, by some estimates, shale resources may amount to four times Colombia’s total reserves.

Geology & Geophysics

 Reservoir characterization project shale results

Students at the Colorado School of Mines discussed promising results from a Wattenberg Field study area at the Reservoir Characterization Project spring meeting in Golden, Colo.

Most recently, James Faroppa was vice president of geosciences for Murphy Oil Corp. (NYSE: MUR), handling assurance, portfolio management, and technical and specialist services.

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 first expedition discovered gas hydrate accumulations in formations that are currently unlikely to be producible.

MicroSeismic, microseismic, Peter Duncan, well, unconventional, monitoring

The saved time could translate into improved efficiency amid the continuing downturn, according to an oilfield services company.

Land & Leasing

unconventional, portfolio, optimization, oil and gas, oil price, EY

Oil and gas companies have survived the worst of the downturn. Now it’s time to begin thinking about growth and developing a platform that can produce higher returns over the long term.

Reuters reported that the comapny said the data room for the tender is open from April 30 to July 31.

As part of the deal, Ineos is taking over Engie's entire U.K. onshore exploration license portfolio that consists of interests in 15 licenses including seven in which Ineos had a previous participation, Reuters said.

Cooper Energy seeks to develop the Sole gas field in the Gippsland Basin, with first gas expected in late 2018. Gas would be processed at a plant onshore in Orbost, which APA has agreed to buy and spend AU$250 million to upgrade, Reuters reported.

Global Shale Plays, NAPE, Brian Link, Eagle Ford, Pimienta, shale, oil, gas, Mexico, EIA

The country is looking for long-term partners as part of a farm-in application process, with U.S. companies working to attract investors.

Reservoir Evaluation

USGS, resources, Haynesville, Bossier, Permian, A&D, Marcellus, natural gas

Seven years since its last assessment, additional drilling and data show the shale plays outshine the Marcellus and Utica, both of which were last assessed at the beginning of the decade.

shale, gas, oil, Energy Information Administration, Kazakhstan, EIA, Chad, United Arab Emirates, Oman

Chad, Kazakhstan, Oman and the United Arab Emirates are believed to have vast shale resources capable of boosting production and adding revenue. However, economics could stand in the way.

The well, which is 80 percent owned by Total and 20 percent by Denmark's state oil company Nordsofonden, confirmed the presence of gas but the thickness of the layer was smaller than expected.

Independent assessment of Horse Hill well has estimated there could be about 271 million barrels of oil per square mile. The prior estimate in April of 158 million, Bloomberg said.

Weatherford’s OmniWel in-well optical production and reservoir monitoring systems will combine with OptaSense’s DAS technology to improve reservoir management/ EUR. Technologies include DAS-VSP vertical seismic profiling, DAS-HFP hydraulic fracture monitoring.

Wildcats & Stepouts

The Kronos-1 well, jointly owned with Anadarko, discovered hydrocarbons at 3,720m at the well in the Fuerte Sur Block, Reuters said. Colombia is Latin America’s fourth-biggest oil producer.

The neoBASIN study evaluated a 6,000-square mile area in Lebanon’s onshore northern half and in the transition zone along Mediterranean coast. Only seven wells have ever been drilled in Lebanon.

Well 25/6-5 S hit a 10-m (33-ft) gas column in the Hugin Formation in Middle Jurassic reservoir rocks near the Skirne Field in the central North Sea.

UK Oil & Gas Investments Plc found more than 8 Bbbl of shale oil in Horse Hill Field in Weald Basin. The basin is near London’s second-busiest airport, Bloomberg said.