Sunday, September 29, 2024

Apache Discovers Over 700 feet of Net Pay in Garten Prospect – North Sea

Earlier today Apache Corporation (Ticker: APA) announced an oil discovery on Block 9/18a Area-W in the United Kingdom sector of the North Sea. Garten is located 6 kilometers south of the Beryl Alpha Platform. The Garten discovery well targeted a downthrown structural closure and encountered more than 700 feet of net oil pay in stacked, high quality Jurassic-aged sandstone reservoirs.

Jagged Peak Tags Up to $590 Million CapEx for 2018 and 40-45 Wells in the Delaware

Delaware Basin producer Jagged Peak Energy (ticker: JAG) announced fourth quarter results today, showing net earnings of $12.8 million, or $0.06 per share. Over the full year, Jagged Peak reported a net loss of $451.9 million, or ($0.36) per share, but most of this was due to one-time equity-based compensation related to the company’s IPO in January 2017. Jagged Peak

Appeals Court: New York Can’t Stop Millennium Natural Gas Pipeline to New Power Plant

Last week, the U.S. Court of Appeals for the Second Circuit issued a decision that the New York Department of Environmental Conservation (DEC) had waived its right to block the Millennium Pipeline Company’s application to construct a 7.8-mile pipeline that would transport natural gas to a natural gas power plant in Wawayanda, NY. The pipeline project, named the Valley Lateral

Almost Back to 1,000: U.S. Rig Count Adds 5

995 rigs currently drilling U.S. drilling activity continued to rise this week, approaching 1,000 active rigs, according to Baker Hughes Weekly Rig Count. Five rigs came online in the week, meaning there are now 995 rigs operating in the country. Six land-based rigs became active, while one inland waters rig shut down this week. A total of 979 land, three

Shell - Oil & Gas 360

Shell Divests Ownership in Iraq’s West Qurna 1 Oil Field

Earlier today Shell EP Middle East Holdings (ticker: RDS) agreed to sell the entire share capital of Shell Iraq B.V, which holds its 19.6% stake in the West Qurna 1 Oil Field, for $406 million, to a subsidiary of Itochu Corporation. Itochu will assume debt of $144 million as part of the transaction. The sale has received the necessary regulatory

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