Four Eagle Ford Shale wells completed by EOG Resources from a single pad in Gonzales County, Texas, plus an oil discovery offshore Mexico by Eni top this week’s drilling activity highlights from around the world.
The midstream sector may prove to be the energy industry’s best story in this black swan event as the global oil and gas business scrambles to respond to 2020’s unexpected shocks.
The Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium said on June 3 it has successfully completed its first pilot leveraging blockchain technology.
The largest monthly decline occurred in the Williston Basin, where 50% of rigs were released, according to Enverus Rig Analytics for May.
We have to bet on pent-up demand. The recovery appears to be ‘V-shaped’ in most markets. We hope to see that in the energy world as well.
Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.
Similar to its peers in the service sector, Basic Energy Services has made moves over the past several months to protect its balance sheet as oil and gas operators slam on the brakes on activity.