ConocoPhillips agreed to pay Kelt Exploration roughly $375 million in cash for 140,000 net acres directly adjacent to the company’s existing position in Canada’s Montney Shale.
Mainline pipeline moves about 3 MMbbl/d of western Canadian oil.
In the interim, David Looney, Murphy Oil’s executive vice president and CFO, will temporarily assume RogerJenkin’s responsibilities as president and CEO.
Abandonment of oil sands project costs Alberta thousands of jobs to be created.
The approach leverages sound waves to give operators eyes inside their wellbores.
TGS, a leading provider of multiclient geoscience data for E&P companies, said it has started the acquisition of the Plains 3-D seismic survey in the Northern Shelf area of the Midland Basin and Ravenclaw 3-D in the Edson area of Alberta, CA.