The amount of gas flared has steadily increased, for the most part, in the Permian Basin as oil production has risen in recent years.
Hart Energy's exclusive rig counts measure drilling intensity. They exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. They are designed to offer the most accurate picture of what is actually occurring in the field.
Drilled in 2,003 m (6,572 ft) of water by the Noble Tom Madden drillship, the Tripletail-1 well hit about 33 m of high-quality oil-bearing sandstone reservoir, Exxon Mobil said.
Technology could help unlock more barrels from shale plays, as it has in the past, but comfort levels pose challenges amid tough market conditions.
Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Sept 19, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut, according to sources familiar with operations.
Drones are capable of increasing operational efficiency if companies successfully manage captured data and minimize flight risks.
Robertson joins audit committee and is the sixth independent director of eight on the board.
The waterflood project is Chevron’s first in the deepwater Wilcox trend and is expected to contribute an estimated ultimate recovery of more than 175 million barrels of oil equivalent.
Talos Energy Inc. has entered into two separate agreements on Sept. 19 with BP Plc and Exxon Mobil Corp. related to new exploration opportunities in the U.S. Gulf of Mexico (GoM).
The ANH debuted the blocks, which are located throughout the Andean country but concentrated near its northern Caribbean coast and in its eastern plains, during a private event with oil companies on Sept. 17.
As asset-level A&D struggles in the background of multibillion E&P mergers and market indifference to oil and gas, deal advisers see a spike in transactions for minerals, conventional assets and even combinations of private-equity companies.
The Ora platform brings unprecedented performance in dynamic reservoir characterization.
The field is located southwest of the Marulk Field, Equinor said, while it estimated gas resources to be about 50 million to 88 million barrels of oil equivalent.