Startup of the first phase of the development comes less than five years after discovery.
Ways for oilfield service companies to improve earnings include ditching noncore business lines in order to scale up core capabilities, according to a report.
Drilling and completions activity in U.S. unconventional plays is forecast to fall slightly as the frac sand supply market rebalances.
Sanctioning of the closely watched development in the U.S. Gulf of Mexico marks a milestone for the industry with use of 20,000 psi technologies.
Top producers in the Northeast are planning to produce a combined 17 billion cubic feet of gas per day (Bcf/d), up 2% from 2019, analysts forecast.
Longer laterals and wider spacing are among the trends being seen, expert says.
The lenders arranging the secured first lien, last out 4.5-year term loan facility are JPMorgan Chase Bank, Morgan Stanley Bank, Bank of America and MUFG Bank, the Oklahoma City-based company said Dec. 4.
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