After bringing eight wells online in 2018 in the U.S. Gulf of Mexico (GoM), Louisiana-based LLOG Exploration has its sight set on bringing nine more wells online in 2019.
Of the nine new fields brought online last year in the GoM, five were operated by LLOG, said Philip LeJeune, president and CEO of LLOG.
“All of these accomplishments are evidence of our ability to continue to execute on our strategy of generating deepwater prospects in areas of proven success near existing infrastructure that can be drilled, developed and placed on production efficiently and economically,” LeJeune said in a Jan. 14 company statement.
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.
“LLOG continues to progress 10 other developments and has an extensive pipeline of follow up development drilling to prior exploratory successes,” the company said in the release.
Recommended Reading
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.
ProPetro Ups Share Repurchases by $100MM
2024-04-25 - ProPetro Holding Corp. is increasing its share repurchase program to a total of $200 million of common shares.
Segrist: The LNG Pause and a Big, Dumb Question
2024-04-25 - In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Baker Hughes Hikes Quarterly Dividend
2024-04-25 - Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Weatherford M&A Efforts Focused on Integration, Not Scale
2024-04-25 - Services company Weatherford International executives are focused on making deals that, regardless of size or scale, can be integrated into the business, President and CEO Girish Saligram said.