Exploration & Production - News
Husky Energy said Jan. 17 it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer's board and shareholders.
Drill to a total depth of 21,600 ft by the Noble Don Taylor rig, the well logged about 200 ft gross and 130 ft net of true vertical pay, the company said in an update given as part of its 2019 operating and financial guidance.
Orient Exploration retained EnergyNet to sell nonoperated working interest in four Michigan wells located in Washtenaw County through an auction.
The U.S. Interior Department intends to temporarily recall some workers furloughed by the partial federal government shutdown to prepare an upcoming Gulf of Mexico oil lease sale, using funds left over from last year, according to a department document.
Total hired investment bank Jefferies in December to run the sale process of its offshore gas fields in the Netherlands that could raise up to $400 million, according to the sources.
The steps are being taken after BP drilled only one of the four wells it was required to drill within six years of the effective date of its exploration licenses for the land, the petroleum board said in a Jan. 15 news release.
The U.S. has become the world's largest oil producer, boosted by output from shale formations, with production of nearly 11 million barrels in 2018, which broke the country's annual record set in 1970.
The microgrid, which incorporates solar photovoltaic panels, a natural gas reciprocating engine and an advanced battery storage system, was installed earlier this year.
Canadian producer Crescent Point Energy cut its 2019 capital budget by 30% compared to last year, blaming the recent decline in oil prices.
LLOG said it plans to bring online four development wells from the Who Dat, Mandy and Red Zinger fields plus five wells from three new fields—Stonefly, Buckskin and Nearly Headless Nick—in 2019.
Antares Exploration retained EnergyNet to sell its working interest in the Keeland Gas Unit #1, operated by Hilcorp, located in Jefferson and Liberty counties, Texas.
Britain has rejected the case for a relaxation of fracking regulations despite warnings that the current system is “strangling” the industry, the Financial Times reported on Jan. 13.