In case you missed it, here’s a look at this week’s top five drilling activity highlights from around the world.
- Four High-volume Bone Springs Wells Completed By Devon In Lea County, N.M.
- Wolfcamp Completion By EOG Resources Flows 2.478 Mbbl of Oil, 14.43 MMcf Of Gas Per Day
- Lewis Sand Discovery In Sweetwater County, Wyo., Flows 7.763 MMcf Of Gas, 772 bbl Of Condensate/Oil Per Day
- Utica Completion By Ascent Resources Flows 21.506 MMcf Of Gas Per Day
- Oswego Producer In Ellis County, Okla., Flows 1.067 Mbbl Of Oil, 1.14 MMcf Of Gas Per Day
For more up-to-date information on the latest U.S. and international exploration wells visit Hart Energy’s online Drilling Activity Highlights database.
Oil prices gained ahead of Hurricane Sally's expected landfall on the U.S. Gulf Coast. Brent crude futures gained 92 cents, or 2.3%, to settle at $40.53/bbl, while WTI crude rose $1.02, or 2.7%, to settle at $38.28/bbl.
Traditional onshore storage is close to capacity.
Oil futures tumbled on Sept. 8, with Brent dropping below $40/bbl for the first time since June and U.S. crude off more than 8%, after Saudi Arabia cut its October selling prices amid a flare-up of coronavirus cases around the world.