US upstream news
Acteon acquires TerraSond
Headquartered in the US, TerraSond is a multidisciplinary geospatial and geophysical business with experience working for clients in oil and gas.
Foothills Exploration expects to close on Montana acquisition in 3Q19
The company is aiming to complete the acquisition of 7000 acres and 87 oil and gas wells in the US state by 22 August.
Chisholm Oil and Gas and Gastar Exploration to merge
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.
SM Energy raises production guidance
The company has raised guidance for 2Q19 and full year production volumes by 0.4 million boe.
Frac operations on Frost #1-H well completed
The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil.
Callon Petroleum closes southern Midland Basin divestiture
The non-core assets have been divested to Sequitur Permian for net cash proceeds of US$245 million.
TPG Sixth Street Partners and Glendale Energy Ventures form partnership to fund acquisitions of non-operated oil and gas properties
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.
Trendsetter Engineering awarded contract for TC2 connection systems
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.
Southern Glove develops new impact protection gloves
The Rig Rider glove is designed specifically for oilfield workers needing impact protection.
Mayan Energy Ltd provides update on its US onshore operations in Texas and Oklahoma
Mayan Energy Ltd, the oil and gas company, has provided a further update on its onshore operations in Texas and Oklahoma.