US upstream news

The number of ‘live’ drilled but uncompleted wells in the US’s major oil regions slumped to 2381 wells in June 2021, the lowest level since 2013, analysis by Rystad indicates.

The cash and stock transaction is valued at approximately US$788 million.

Jeff Gustavson has been named president of Chevron New Energies, which will intially focus on commercialisation opportunities in hydrogen, carbon capture and offsets and support of ongoing growth in biofuels.

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

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.