A total of 43 development wells are planned to be commissioned, including 28 production wells, 14 water-injection wells and one appraisal and water source well. It is expected to achieve a peak production of approximately 9,900 boed in 2026. SourceContinue Reading

After constricting AI to mostly back-office tasks such as evaluating seismic surveys, while keeping drilling and hydraulic fracturing firmly in human hands, U.S. operators are increasingly adopting the emerging technology to boost more mainstream work. SourceContinue Reading

Why Poland’s Defense Spending is Soaring | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Sep 05, 2024, 2:00 PM CDT Russia launched missile strikes on Lviv,...Continue Reading

The oil major plans to take as much as 2 million tons of CO2 emissions from CF Industries Holdings Inc.’s ammonia plant in Donaldsonville, Louisiana, and pump them into permanent storage in rock formations deep below the ground. SourceContinue Reading

Texas Matterhorn Pipeline Starts Moving Gas Out of the Permian | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Sep 05, 2024, 1:00 PM CDT The Matterhorn natural gas pipeline in Texas has begun moving small amounts of gas...Continue Reading

U.S. Cracks Down on Russian Disinformation Campaign | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Sep 05, 2024, 1:00 PM CDT The U.S. Justice Department has...Continue Reading

The World’s 10 Most Expensive Megaprojects | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Sep 05, 2024, 12:00 PM CDT The global construction industry is witnessing a surge in megaprojects, with the Arab Gulf region taking the lead. Neom City, a futuristic...Continue Reading

Libya Resumes Crude Exports as Political Deadlock Eases | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Sep 05, 2024, 11:00 AM CDT A political standoff over Libya’s central bank leadership led to a halt in oil production and exports. Rival governments appear to have reached...Continue Reading

OPEC+ To Delay Oil Output Hike For 2 Months | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Sep 05, 2024, 9:43 AM CDT OPEC+ has reached a deal to delay the...Continue Reading

The EW 953 well encountered approximately 127 ft of net pay in the target sand at approximately 19,000 feet true vertical depth (“TVD”). Preliminary data indicates an estimated gross recoverable resource potential of approximately 15 – 25 million MMBoe from a single subsea well with an initial gross production rate of 8,000 – 10,000 boed....Continue Reading