Discoveries and Formations – Page 17

Permian News: Lilis Energy Delineating Bench that is Shallower with Lower Drilling Costs

December 14, 2018

Lilis’s Tiger #3H IP-24s above 1,800 BOEPD in 3rd Bone Spring Permian-focused Lilis Energy (stock ticker: LLEX) said its Tiger #3H well has reached the 24-hour initial production rate of 1,821 BOEPD. Tiger #3H – 3rd Bone Spring Highlights: IP 24 rate of 1,821 BOEPD, including 801 BOPD (63% liquids, 44% oil), on a three-stream basis, equivalent to 239 BOEPD per 1,000 ft.

Middle Bakken Core Extension 4-Well Pad Tests at 2,400 BOEPD

December 11, 2018

Marathon Oil Corporation (stock ticker: MRO) reported that its four-well Middle Bakken pad at the Ajax area of Dunn County, North Dakota achieved an estimated average 30-day initial production (IP) rate of over 2,400 barrels of oil equivalent per day (84% oil). “Strong early results in Ajax mark another important step forward in our ongoing efforts to extend the core of

Hess Bumps Up Stabroek Recoverable Resource Estimate to 5 Billion BOE

December 3, 2018

Hess Announces 10th Discovery and Increased Stabroek Block Resource Estimate Offshore Guyana

Light Oil Discovery in Colombia

October 9, 2018

Toronto-based Frontera Energy Corporation (ticker: FECCF) announced a light oil discovery in the Llanos-25 Block in Colombia. The discovery was made on the Acorazado-1 exploration well. According to a presentation from Frontera, the Llanos-25 property is a 168,805-acre property for which the company has 100% working interest. “The Acorazado-1 exploration well is the fourth exploration discovery in Colombia so far in 2018,

Private Companies Announce Eagle Ford Discovery Well in Lavaca Trough

October 4, 2018

Boomtown Oil/Rocky Creek Resources Announce Eagle Ford Discovery Well in Lavaca Trough …

GeoPark Announces New Jauke Gas Field Discovery in Chile

August 20, 2018

GeoPark Announces New Jauke Gas Field Discovery in Chile

stena carron exxon mobil drillship offshore guyana rig -oilandgas360

Offshore: Guyana Opportunity Could Be Transformative

July 23, 2018

Exxon increases Stabroek discovered recoverable resource estimate to 4 billion BOE; sees 750 MBOEPD from it by 2025 ExxonMobil (ticker: XOM) and Hess Corporation (ticker: HES) announced today in separate news releases a significant increase in the estimate of the discovered recoverable resources for the 6.6-million-acre Stabroek Block located offshore of Guyana. The estimate of 4 BBOE is a 25% increase

ConocoPhillips Finds Up to a Billion Gross Barrels in Recent Alaskan Exploration

July 17, 2018

COP holds 100% working interest After adding more to its Alaskan portfolio, ConocoPhillips (NYSE:COP) has stated that its total of gross discovered resource has been estimated at 0.5-1.1 BBOE, with 100% working interest and 75% of the play yet to be drilled. Looking at the Greater Willow Area the company now estimates its 2016-2018 exploration and appraisal campaign has discovered

Hess Announces Eighth Oil Discovery Offshore Guyana

June 20, 2018

Hess Corporation (NYSE: HES) today announced an eighth oil discovery offshore Guyana at the Longtail-1 exploration well, creating the potential for additional resource development in the southeast area of the Stabroek Block. The well encountered approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,057 feet (5,504 meters) depth in 6,365 feet (1,940

Leucrotta Makes Upper Montney Discovery at Two Rivers

June 18, 2018

Leucrotta Exploration Inc. (“Leucrotta” or the “Company”) (TSXV:LXE) is pleased to announce the following update: TWO RIVERS UPPER MONTNEY DISCOVERY Leucrotta drilled and completed an Upper Montney horizontal multi-frac well at 10-08-83-16W6 to extend expiring lands in the Two Rivers area of British Columbia. The well was tested on clean-up for 10 days and had a flow rate on the

Iran to Install New Rigs in South Pars Gas Field

May 31, 2018

From MEHR NEWSAGENCY Ali Afaraideh Ghiyassi, the Director for Project Planning and Control at Pars Oil and Gas Company (POGC) said on Thursday that 6 new oil platforms will be installed in Iran’s the supergiant South Pars Gas Field by the end of Iranian fiscal year. “The 6 oil platforms under construction at SADRA (Iran Marine Industrial Company) company’s yard

AkerBP’s Newest Well: Dry as a Bone

May 31, 2018

From The Independent Barents Observer It was AkerBP’s first well in the region in four years, and it was made only 25 km from the place where the company in 2014 made a small discovery of oil. This time, the company found only gas, and only small volumes. According to the Norwegian Petroleum Directorate, the drilling of the wildcat well revealed a gas

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