Dallas-based Zion Oil & Gas Inc. (Nasdaq: ZN) has appointed Victor Carrillo, a member of the company's board, executive vice president. Carrillo will continue to serve on Zion's board; however, in his new position, he will be working on a full time basis on the company's oil and gas exploration activities.
Carrillo joined the board in September 2010. He is a petroleum geologist and geophysicist, attorney and former county judge. Carrillo has more than 20 years of experience in the oil and gas industry, specifically in E&P, and was most recently chairman of the Texas Railroad Commission.
Zion is currently drilling its Ma'anit-Joseph #3 well in Northern Israel and has reached a drilling depth of approximately 16,000 feet (4,876 meters). The Ma'anit-Joseph #3 well has targets in both the Triassic and the Permian geological zones. The primary target is a Permian age formation, expected at a depth of over 19,000 feet (5,790 meters), making the Ma'anit-Joseph #3 well one of the deepest wells ever drilled onshore Israel.
Recommended Reading
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.
Rhino Taps Halliburton for Namibia Well Work
2024-04-24 - Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.