Clay Gaspar, president and COO of WPX Energy, sat down with Jessica Morales at the recent DUG Permian conference and exhibition in Fort Worth, Texas, to share what he thinks are the positives as well as concerns about operating in the Permian Basin. “The key to being the top basin is starting with the right geology. Is the rock right?” Gaspar said. He also believes there is a lot of resource in the Permian to turn from inventory into value, and that it’s proven from the Midland and Delaware basins.
2023-02-01 - With the Lario Permian deal closed, Diamondback wraps up a pair of fourth-quarter 2022 deals in which it purchased private Midland Basin operators for a total of about $3.3 billion.
2023-01-17 - Eni affiliate IEOC Production BV holds a 45% interest in the Nargis-1 well.
2023-01-17 - The subsea tieback offshore Brazil is expected to go onstream in 2025, producing to the Lapa FPSO, which has produced the field since 2016.
2023-01-17 - The work contract is for early project activities following the completion of FEED by Technip Energies.
2023-01-18 - Obelix Upflank is first discovery of the year on the Norwegian Continental Shelf. The partners are considering a subsea tieback to nearby Irpa field.