Ovintiv, formerly known as Encana, said it has shaved more than $1 million off drilling and completion costs in the Stack shale play.
The Environmental Defense Fund’s MethaneSAT aims to launch a methane-detecting satellite within two years, aiming to cut such emissions from oil and gas facilities 45% by 2025.
The oil and gas company aims to hold U.S. Gulf of Mexico production steady at about 65,000 barrels of oil equivalent per day.
The new recoverable resource estimate, which jumped by 2 Bboe, excludes the Uaru discovery.
Most of the undiscovered technically recoverable oil resources are believed to be in the Brookian Sequence, the USGS report shows.
The 27 high-impact discoveries made by wells drilled last year collectively pushed discovered commercial volumes to a level not seen since 2015, report shows.
Bringing directional drillers together in the Permian Basin has resulted in improved communication and more sharing of knowledge, a company engineer says.
Results from the Maka Central discovery prove “significant potential” for the entire 1.4 million acres that comprise Block 58 offshore Suriname, says Apache CEO John Christmann.
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