The international energy consultancy provider has more than doubled its workforce in Aberdeen, UK and Houston, Texas thanks to contract wins and software developments in the past year.
LINN Energy, Inc. announces that it has signed a definitive agreement to sell its interest in conventional properties located in west Texas to an undisclosed buyer for a contract price of $119.5 million, subject to closing adjustments.
Mayan, the AIM listed oil and gas company, has announced the initiation of production at the Gilbreath #19 well at Forest Hill Field, Wood County, Texas and the Morris #1 well at Stockdale Field, Wilson County, Texas.
Eagle will use the net proceeds from the sale of the Salt Flat Field to reduce outstanding debt under the secured term loan and to further fund its drilling program in North Texas. As at December 31, 2017, Eagle remains in compliance with all covenants under its loan agreement.
The contract will see John Crane Asset Management Solutions personnel deployed to a major Texas refinery from the company’s operational offices in Aberdeen and Pasadena, Texas.
The company hopes to be producing over 600 000 oil equivalent barrels from the Permian Basin by 2025 on a daily basis.
Parsley Energy, Inc. provided an operational update that discloses certain full-year 2017 results and highlights strong indications from the Company's Wolfcamp C delineation programme.
Joint venture (JV) project in the southern Delaware Basin expected to be completed by late March 2018.
Unconventional oil reserves across the top ten countries stand at 9.2% (45.8 billion barrels), oil sands reserves stand at 6.7% (33.3 billion barrels), and heavy oil represents 4.5% (22.2 billion barrels) of all remaining reserves.
The agreement increases Shale Support’s access into the Ohio, West Virginia and Western Pennsylvania markets, providing storage while allowing it to be one of the lowest cost providers of frac sand to the region.