Friday, January 24, 2025

ExxonMobil Adds 300,000 Offshore Acres

EG-11 block lies adjacent to billion-barrel Zafiro field ExxonMobil (ticker: XOM) announced today that it has signed a production sharing contract with the government of Equatorial Guinea for developing a deepwater block. Exxon’s wholly owned affiliate, Exploration and Production Equatorial Guinea, will develop the block. The contract concerns the EG-11 deepwater block, which covers about 307,000 acres, is located 36

Sanchez Energy Turning Up the Heat in the Eagle Ford

Legacy Eagle Ford player is kicking production into high gear with 132 DUCs to complete, infill drilling on tap Venturing through the balance of 2017 and into 2018, Sanchez Energy Corporation (ticker: SN) is looking to take advantage of its $2.3 billion March, 2017 acquisition of the Comanche assets in the Eagle Ford basin, wherein it holds 77,500 net acres