US upstream news

The company has announced one of its largest US Gulf of Mexico exploration finds in the psat decade from the Wale deepwater well.

CNX also sold a greater volume of natural gas in 4Q17 than in the same period the year before.

Parsley Energy, Inc. provided an operational update that discloses certain full-year 2017 results and highlights strong indications from the Company's Wolfcamp C delineation programme.

Total announces a major oil discovery in the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico (Eastern GoM). The well was drilled to a final depth of 8898 m and encountered 205 m of net oil pay in a high quality Norphlet reservoir. 

These companies represent 61% of US shale oil production in 2018 and were chosen for their focus on oil output.

The company have announced their intention to initiate the permitting process for three new wells in the Permian Basin, accelerating their original plans to develop the areas assets.

Halliburton has reported a loss from continuing operations of US$805 million for 4Q17, which it believes are a reflection of charges related to US tax reform and Venezuela receivables.

BNK Petroleum have begun drilling the Glenn 16-2H well in the company's Tishomingo Field.

The Mt. Providence well encountered approximately 153 net ft of high quality, primarily oil pay in one Miocene interval with no visible water level.

On 4 January, the Trump administration proposed to make nearly all offshore areas in the United States available for oil and gas exploration drilling.