US upstream news

Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting balance sheets and generating free cash flow, according to GlobalData.

The electric fracturing solution reduced emissions for Chesapeake in the Marcellus by 32% and applied over 25 megawatts of lower-carbon power generation by leveraging Chesapeake’s local field gas network.

Williams will also provide crude oil transportation services as well as onshore natural gas processing services for the Whale development, located approximately 10 miles from the Shell-operated Perdido host facility.

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.