MicroSeismic CEO Peter Duncan believes operators are just learning the true mysteries of the U.S. unconventional play subsurface.
An assessment by the U.S. Geological Survey shows the estimated amount of undiscovered technically recoverable natural gas jumped to 214 trillion cubic feet in the two shale formations.
The Eagle Ford rig count has been relatively steady compared to other plays through the industry’s frequent commodity price upheavals. Drilling times also continue to improve, said Enverus analyst Bernadette Johnson at DUG Eagle Ford.
Australia's Santos Ltd. said on Oct. 8 results from a closely watched appraisal well showed its Dorado field in Western Australia could produce at the higher end of expectations.
Exxon Mobil and ConocoPhillips are both sharpening their focus on domestic operations, having sold billions of dollars’ worth of mature assets elsewhere.
The transactions with the undisclosed buyers are expected to close within the next 45 days, the company said in a news release.
Chevron Corp. is turning to joint ventures and drilling alliances in its bid to dominate the Permian Basin after abandoning a takeover that would have made it the leading producer in the world's biggest shale field.
ConocoPhillips executive Erec Isaacson offered the audience at DUG Eagle Ford several lessons the company has learned during its decade of operating in the basin.