The application of oil and gas know-how to dynamic power cables is transmitting success to deepwater windfarms.
Some wells in the Permian’s Delaware sub-basin can clear a ‘10% half-cycle hurdle rate even with WTI below US$30/bbl,’ Wood Mackenzie says.
Drilling requirements drive a simpler, more reliable approach to rotary steerables.
Following its restructuring, the company is dropping its ties to the Sanchez name, which dates back to the founding of Sanchez Oil & Gas Corp. by father and son—A. R. Sanchez Sr. and A. R. Sanchez Jr.—in 1972.
Ensuring a well’s trajectory makes high-accuracy wellbore surveying one of the most critical aspects of operational and financial success.
The well hit a 152-m thick gas column in the Messinian age sandstones of the Abu Madi Formation with excellent petrophysical properties, Eni said in a news release.
Although greenfield projects have been put on hold, short-term economics offer a safety net for the U.S. offshore oil and gas industry.