Drilling
News
August 21, 2023
The reserve report reflects the quality and scale of the company’s 37,000 gross acre position, establishing a possibles reserves basis of approximately 285.3 MMboe with a PV10 value of roughly $2.4 billion.
News
August 16, 2023
This modular multi-pad infill drill program stems from a comprehensive geological, seismic, and reservoir management delineation designed to optimize recovery with optimum wells in a cost-effective manner while also aligning with planned enhanced and improved recovery techniques.
News
August 15, 2023
Over the next five years, Hess expects this fully electric Bakken drilling fleet will reduce greenhouse gas emissions from its Bakken drilling operations by approximately 50% and energy costs by approximately 70%.
News
August 10, 2023
The Railroad Commission of Texas issued a total of 772 original drilling permits in July 2023. The total includes 681 to drill new oil or gas wells, 6 to re-enter plugged wellbores and 73 for re-completions of existing wellbores.
News
August 01, 2023
The SS1H well, which will include a horizontal section of approximately 1,000 m, will target the Amungee Member B-shale at an estimated target depth of 3,200 m (approximately 700 m deeper than the Amungee NW-2H (“A2H”) well in EP 98).
News
July 28, 2023
A preliminary evaluation indicates potential recoverable resources of approximately 28 MMboe. After full development of the discovery, OMV expects its natural gas production in Austria to increase by 50%.
News
July 24, 2023
(WO) — Canadian Overseas Petroleum Limited (COPL) and its affiliates have signed a non-binding letter of intent (LOI) for a joint venture to develop its Cole Creek project in Converse and Natrona Counties, Wyoming, the company announced on Monday.
News
July 21, 2023
China National Petroleum Corp. on Thursday began drilling the Shendi Chuanke 1 Well in Sichuan province, with a designed depth of 10,520 meters (6.5 miles). The project follows a similar sized well that CNPC began drilling in Xinjiang in May, described at the time as the deepest ever undertaken in China.
Article
July 2023
Remote e-frac technology enables operators to wield high and variable power loads to slash costs and reduce emissions.
Article
July 2023
A sensor at a PDC bit measures downhole dysfunction and is used in combination with an automated dull grading system to calculate bit damage. The high-frequency data enable engineers to determine the bit design changes required to improve drilling efficiency.
News
July 14, 2023
The new Onyx horizontal development will utilize surface equipment currently located nearby Bayswater's existing Leffler 26-A Pad oil and gas location. This is Bayswater's fourth OGDP application approved by the Commission since Colorado's new regulatory framework was implemented, and the first approval this year.
News
July 11, 2023
The company intends to change its name from Houston Natural Resources Corp to Cunningham Natural Resources Corp ("CNRC"), and CNRC will be focused on traditional oil and gas opportunities and energy transition materials.
News
July 07, 2023
The Barnes 8-1H, 8-2H, and 8-3H wells were drilled and completed under budget and are still cleaning up after the fracture stimulations.
News
July 06, 2023
Founded in 2005 and headquartered in Fort Worth, Texas, privately-owned Ulterra designs, manufactures, sells and rents PDC drill bits.
News
June 30, 2023
The HV-1 well is a two-mile step-out from Trio’s HV-3A discovery well that found high-quality, mid-gravity oil at depths between 3,750 to 5,100 feet. The HV-1 well drilled through approximately 1,800 feet of the Monterey Formation with major indications of oil and gas prior to reaching total depth at 6,631 feet.
News
June 19, 2023
The performance of the BED 1-7 vertical well test has achieved the company's objectives for the well, including the Diagnostic Fracture Injection Test (DFIT) pressure leak-off for indications of reservoir parameters, fluid samples from the ARF, successful completion of a large single-stage fracture treatment on the ARF, and inflow performance testing of the stimulated well.
News
June 16, 2023
Jeremy Larsen, President of Pure Oil & Gas, Inc., stated, "As per the advice and recommendation of our Geologist, and Engineers, we have let the well we drilled sit for a few weeks before proceeding with the work over and completion.
News
June 16, 2023
The combined company will have a best-in-class operational and technology portfolio, along with data analytics to maximize well performance. Specifically, the merger will create a leading U.S. contract drilling business with 172 super-spec drilling rigs and a directional drilling business.
News
June 15, 2023
Q4 2023 production is expected to increase by 30,000-35,000 boed (37% oil) relative to the current operating plan and guidance.
News
May 25, 2023
The company will be zipper fracking all three wells beginning this weekend, and flowback will start once all stages have been completed in all of the wells.
News
May 25, 2023
The Z17 well - in the Carboniferous formation - is expected to increase Neptune’s production from the Adorf license by 1,800 boed to around 6,300 boed.
