US upstream news

Compared with recent years, both crude oil prices traded within relatively narrow price ranges throughout the year.

The company has acquired a portfolio of operating assets in New Mexico from a Permian Basin oil producer, including 23 saltwater disposal wells and 300 miles of water gathering pipelines.

The transaction is valued at approximately US$2 billion.

The Baker Hughes US land rig count declined by 49 rigs from the week ending 4 October 2019 through the week ending 27 December 2019, a greater decline than what the company expected.

The project included the subsea inspection of three large conventional jacket structures off the coast of California.

As part of the initial closing, WIS acquired businesses and assets in 16 countries. Another 9 jurisdictions are expected to close in the coming months pursuant to the terms of the purchase agreement.

The packed programme of the Congress will feature eight high-level plenary sessions across five days, with global leaders from the oil and gas sector now confirmed to speak.

Corinne Sprague, who has served as LAGCOE’s Event and Volunteer Services Coordinator since 2018, will take on the role of Interim Executive Director after Cring’s departure in January of 2020.

The data, acquired from a a US based E&P company, is available for licensing immediately.

The company has acquired over 320 000 gross acres and 4200 producing wells from Devon Energy.