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US upstream news

ConocoPhillips outlines 2020 – 2029 strategy

Part of the company's 10-year plan includes a free cash flow of approximately US$50 billion based on a real WTI price of US$50/bbl and annual capital expenditures averaging less than US$7 billion over the decade.

 

Weatherford appoints new Chief Financial Officer

Garcia recently served as Executive Vice President and Chief Financial Officer at Visteon Corporation, a leader in automotive cockpit electronics, and served as a board member of Keane Group, a pure-play provider of integrated well completions.

 
 
 
 
 

Equinor sells Eagle Ford asset to Repsol

The transaction covers all of Equinor’s interests in the Eagle Ford Joint Venture (JV) with Repsol, covering 69 000 net acres. Following this transaction Repsol will have a 100% interest in the asset.

 
 

Otto Energy provides update on Mustang well

No liquid hydrocarbons were recovered from the initial exploration well, and Hilcorp and Otto have agreed that the low flow rates observed are not sufficient to economically justify the future costs of a fracture stimulation, facility and pipeline connection.