Onshore
News
September 08, 2023
The latest drilling campaign entailed the drilling of six new wells, including three producing wells and three wells dedicated to water injection, as part of a secondary recovery project.
News
September 06, 2023
The moves come in the wake of the administration’s decision to approve ConocoPhillips’s Willow oil project in the National Petroleum Reserve-Alaska. The initiatives announced Wednesday target territory in northern Alaska, long prized for its oil and gas potential.
News
September 04, 2023
Eni announced the signing of an agreement with Oando PLC - Nigeria’s indigenous energy solutions provider - for the sale of Nigerian Agip Oil Company Ltd, a wholly Eni-owned subsidiary focusing on onshore oil and gas exploration and production in Nigeria.
News
August 31, 2023
The drilling of well WR-34Z follows on from two successful wells, JKT-01Z and WR-B01Za, which have significantly enhanced the company’s production profile. As with these wells, WR-34Z is a low-cost side-track hole drilled from an existing donor well.
News
August 31, 2023
Initial evaluation confirms reservoir continuity of the Amungee Member B-shale over 150 kilometers between Amungee NW-2H and Beetaloo W-1 wells. This includes a target development area of approximately 1 million acres where the shale depth exceeds 2,700 meters.
News
August 29, 2023
Geologically viable but unproven inventory is at the forefront, as high-quality drilling locations become scarce over the next decade.
News
August 28, 2023
Reinvestment rate surged to 72% in the second quarter, highs not seen since 2020, according to the study focusing on 18 companies that collectively account for about 40% of U.S. shale output.
News
August 25, 2023
Rigs targeting both crude and natural gas in the West Texas and southeast New Mexico region declined by 7 to 320 this week, according to data released Friday by Baker Hughes Co.
News
August 25, 2023
Crescent Point is lowering its 2023 annual average production guidance to a range of 156,000 to 161,000 boed, which represents a reduction of approximately 4,500 boed.
Article
August 2023
Are the days of sand proppant numbered?
News
August 24, 2023
This solution for onshore subsurface data acquisition empowers clients with the fastest conceivable access to their seismic images. By processing the data at its source, companies can now attain subsurface insights in record time.
News
August 24, 2023
Sinopec has received official certification for the 30.55 Bcm proven geological reserve of natural gas discovered in phase-I of its Bazhong gas field, a significant breakthrough of Sinopec's Project Deep Earth-Sichuan and Chongqing natural gas base.
Article
August 2023
A hybrid geophysical method enables engineers to understand the relationship between saltwater injection in the Ellenburger formation of West Texas and associated earthquake activity. The innovative combination of technologies provides operators with a reliable earthquake probability map to guide planning of injection wells and schedules to avoid environmental issues.
News
August 21, 2023
The reserve report reflects the quality and scale of the company’s 37,000 gross acre position, establishing a possibles reserves basis of approximately 285.3 MMboe with a PV10 value of roughly $2.4 billion.
News
August 18, 2023
The number of oil rigs operating in the U.S. dropped by five in the past week to 520, the lowest since March 2022 and about 14% below this time last year, according to data released Friday by Baker Hughes Co.
News
August 17, 2023
DNO restarted production at Tawke last month, and production is averaging about 40,000 bpd, according to a company statement. DNO said it had restarted the field to conduct well integrity tests and maintained output due to strong local demand.
News
August 16, 2023
This modular multi-pad infill drill program stems from a comprehensive geological, seismic, and reservoir management delineation designed to optimize recovery with optimum wells in a cost-effective manner while also aligning with planned enhanced and improved recovery techniques.
News
August 16, 2023
The firm’s conclusion that there won’t be a surge of American oil production comes after the amount of crude extracted from U.S. shale wells doubled in the past decade.
News
August 15, 2023
Over the next five years, Hess expects this fully electric Bakken drilling fleet will reduce greenhouse gas emissions from its Bakken drilling operations by approximately 50% and energy costs by approximately 70%.
News
August 15, 2023
The explosion occurred at the Talinskoye oil field near Nyagan town in Khanty-Mansiysk region, the Moscow-based Izvestia newspaper reported, citing an unidentified source.
News
August 15, 2023
The drop is led by the Permian basin in West Texas and New Mexico, where output will fall for a third month to 5.8 MMbpd, its lowest level since February.
