Texas upstream news

ExpressFiber is a single-use fibre optic cable that offers accurate, direct subsurface measurements, including cross-well communication.

Suki Gill joins the company with 15-years’ experience under her belt, ranging from hands-on Measurements and Logging while Drilling Engineering, multi-platform integration projects, training and operations management.

Applied Petroleum Technology has ramped up its presence in Houston to support US operators involved with shale oil as well as companies engaged in offshore E&P in the Gulf of Mexico.

The US$508 million transaction includes approximately 25 000 net acres in the Southern Delaware Basin in Texas.

The new company is expected to produce 108 000 to 114 000 boe/d in 2022, with adjusted core earnings between US$750 million and US$800 million.

The combined company will continue as Delmar Systems and as Vryhof.

The alliance will provide operators with advanced insight to determine their reservoir potential for oil and gas production or carbon storage.

The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020.

Exxon recorded 1Q21 earnings of US$2.7 billion, compared with a loss of US$610 million in 1Q20.

The company has appointed commercial director Andrew Law as CEO, succeeding Enteq founder Martin Perry.