French oil and gas major Total said it will drill another exploration well in the 11B/12B block offshore South Africa in the first quarter of next year, a senior company official said on Nov. 5.
Earlier this year, Total opened up a new play off South Africa’s southern coast, after making an offshore discovery that could contain 1 billion barrels of total resources while drilling its Brulpadda prospects in the Outeniqua Basin.
Leading independents in the Permian Basin—Diamondback, Pioneer and Concho—are preparing to release quarterly results this week, which are expected to show a cautious approach for the year ahead.
EQT, the largest U.S. gas producer, recently said it would take a write-down of as much as $1.8 billion, following CNX Resources, Shell and Chevron in reducing the value of gas properties.
Another century, another sequel to the indomitable Austin Chalk where it all began: East Texas. This rock still has a lot of oil and gas.