US upstream news

The Tornado Attic well is currently producing above the previously estimated 8 - 10 000 boe/d range, according to the company.

The four-week rolling average of US crude oil export volumes has not fallen below 2 million bpd during the past three years, despite the COVID-19 pandemic.

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.

Adjusted net income attributable to the company was US$83 million, or 10 cents per share, in the quarter ended June 30, compared with US$91 million, or 12 cents per share, in 1Q21.

The Nabors SmartROS platform can now integrate with Halliburton’s Digital Well Program, creating synergies between well planning and rig operations.

The company recorded a net income of US$227 million for 2Q21, compared to US$170 million in 1Q21.

In 2020, US initial crude oil production per well, or well production efficiency, increased significantly in the Bakken region, according to the U.S. Energy Information Administration’s Drilling Productivity Report.

The Odassea service integrates hardware and digital systems to strengthen capabilities in subsea reservoir monitoring and production optimisation, and has been selected by ExxonMobil for its Payara development project in Guyana.

The Jabillo-1 well drilled by ExxonMobil in the Canje Block, offshore Guyana, did not show evidence of commercial hydrocarbons.

According to GlobalData’s latest report, ‘Bakken Shale in the US, 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025’, Bakken Shale accounted for a mere 11% of oil and 2.8% of natural gas production in the US Lower 48 for 2020, which is a drop from 12% for crude oil and 3% for natural gas in 2019.