Oil & gas news

The company, which currently owns 13 oil leases, has successfully started production at its Potts lease, Indiana. This means the company has now been officially classified as an operator by the state’s Department of Natural Resources (DNR).

Rental systems are currently available in the Ohio and Houston markets and will be available in California beginning January 1, 2019.

International Frontier Resources Corporation has announced that Tonalli Energia, IFR’s joint venture (JV) with Mexican petrochemical leader Grupo IDESA, has spudded the first conventional horizontal well, (“TEC-11”), at its onshore Tecolutla block.

At the most recent meeting of the FPSO Global Research Forum in Holland last month there was a record attendance of top companies.

The company has been awarded the FEED contract for Gudrun Phase 2 Water Injection. The contract with Equinor also includes an option for the actual implementation (EPCI).

The companies have unanimously approved and decided upon a final merging plan.

The company has provided an operational update for its interests in the North Sea.

The company has announced an oil discovery at its 9/14a-17B well and associated side-track on the Agar-Plantain Prospect.

Leading international oilfield services company, Expro, has strengthened the opening of its new purpose-built facilities in Baku, winning a four-year contract extension for BP’s Shah Deniz Stage 2 project.

By Ed Longanecker, president of the Texas Independent Producers & Royalty Owners Association (TIPRO).