US upstream news

Pioneer Natural Resources Company announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10 200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for US$102 million, subject to normal closing adjustments.

Marubeni Corporation announces that Marubeni, through its subsidiaries, has reached agreements with two independent oil and gas companies in the US to sell a part of Marubeni’s interests in the Eagle Ford shale oil & gas assets located in the state of Texas.

New location places NES at the centre of Permian Basin employment activity.

Ducatus Partners, the leading executive search firm for the global energy industry, has hired Jonathan Verlander as Partner and DeLynn Mitchell as Principal to bolster its US presence.

Otto Energy Limited has provided an interim report on the progress of the completion of the SM 71 F3 well.

Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has been informed by Sacgasco Limited, the operator of the Dempsey 1-15 well in the Sacramento Basin, onshore California, that preparation is underway for the testing of Zone 3 in the Dempsey 1-15 well.

World’s largest oil and gas conference and exhibition marks a milestone in technical achievements and innovations.

The Aberdeen-based company has launched Well-SENSE Inc. as part of global expansion plans and to meet growing demand for its technology in the US.

Over US$151.5 billion in capital expenditure will be spent over the lifetime of the top ten offshore oil projects to produce 14.3 billion barrels of crude, according to GlobalData, a leading data and analytics company.

President Energy the upstream oil and gas company focused primarily in Argentina, reports recorded record results in January with each concession making good returns and contributing profits.