Recently Hart Energy sat down with Luke Essman, president and CEO of Tulsa-based Canyon Creek Energy in Oklahoma City. Essman discussed the decades of drilling he anticipates. Plus, the company’s focus in the Arkoma Basin.
BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.
Exxon Mobil Corp. and offshore Guyana partners continue their success with their 13th discovery on the Stabroek Block and fifth discovery in the Turbot area.
The rig count fell for the past four months and production growth in the Permian Basin and other key shale basins have slowed as oil prices fell and many independent shale companies cut spending.