US upstream news

Infrastructure Networks will sell, supply and service Machfu solutions, delivered over INET’s wireless platform, while Machfu will use INET’s LTE coverage to connect to oil and gas assets real time in key energy producing areas.

The company's recently published North America Watch attributes the growth in output to increasing rig productivity and efficiency gains in areas outside of the Bakken core.

Headquartered in the US, TerraSond is a multidisciplinary geospatial and geophysical business with experience working for clients in oil and gas.

The company is aiming to complete the acquisition of 7000 acres and 87 oil and gas wells in the US state by 22 August.

The combined company, which will operate under the name Chisholm Oil and Gas and be headquartered in Tulsa, Oklahoma, US, will have net production of approximately 20 000 boe/d.

The company has raised guidance for 2Q19 and full year production volumes by 0.4 million boe.

The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil.

The non-core assets have been divested to Sequitur Permian for net cash proceeds of US$245 million.

The new partnership will use its flexible capital mandate to directly invest in the development and acquisition of upstream oil and gas assets across the US.

Shell plan to use Trendsetter’s 15 000 psi 2 in. connectors to deliver gas lift service in the Princess Field located in the Gulf of Mexico.