Production in the area, which spans Texas and New Mexico, could reach 5.4 million boe per day by 2023, putting it ahead of every OPEC country except Saudi Arabia.
Mayan Energy believes that a sustainable rate of approximately 1.3 million ft3/d gas and 10-11 bpd of condensate at the Morris #1 well is achievable with potential for further upside.
The 6300 ft2 space includes the OTC Solutions operations office and a training centre for OTC course offerings.
Gardner Denver’s newest facility will be fully stocked with aftermarket drilling supplies, including consumables and modules, 24/7 field service and customer support.
Pioneer Natural Resources Company announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10 200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for US$102 million, subject to normal closing adjustments.
As subsea industry players gather this week in Galveston, TX for the Subsea Tieback Exhibition, Houston-based Umbilicals International (UI) is preparing for its first orders of long-length umbilicals from its new quayside facility in Channelview, TX.
World’s largest oil and gas conference and exhibition marks a milestone in technical achievements and innovations.
Gastech, the global exhibition and conference at the forefront of the international gas, LNG and energy industries, has announced its preliminary programme ahead of the conference taking place in Barcelona on 17 - 20 September.
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.