US upstream news

The report reveals US gas economics will reach below US$3/mmbtu in the next ten years due to ample supply, which will support North American gas exports and unlock further demand growth domestically.

Kayrros found that in 2018 alone, more than 1100 wells were completed in the Permian Basin but not reported through state commissions or FracFocus, a public repository for information on the chemicals used during fraccing.

The technology aims to address parent/child well interference and other completion problems that are contributing to shale well underperformance.

In May and July, Apache closed the sale of noncore assets in two separate transactions, which included assets in the Western Anadarko Basin and the SCOOP/STACK play.

The company is to sell a a 2% proportionately reduced overriding royalty interest in 350 000 net surface acres in southwest Appalachia, US.

77.8 million acres of federal waters in the Gulf of Mexico are scheduled for sale on August 21.

The blowout preventer skids and tests units from Fugro will be included in Wild Well Control's subsea response kit.

The expanded facility has the capacity to treat up to 80 000 bpd of produced water and receive 80 000 bpd of non-potable water.

The combined content offering will allow investment and petrotechnical professionals to quickly assess the current value of a lease or company position in the contiguous US.

Wood Mackenzie's supply forecast indicates there will be an additional call for Permian-to-Gulf Coast crude capacity of up to 500 000 bpd, with FID for the new capacity likely to be reached in the mid-to-late 2020s.