US upstream news

Clariant has announced a low single-digit million amount investment to strengthen two of its North American Oil Services sites in order to further support customer growth in key oil basins.

Since the last update mud logs have indicated additional zones of significant gas shows. These have occurred even though the drilling mud weight has been increased to control the levels of background gas for safe drilling.

Sacramento Basin-focused natural gas developer and producer, Sacgasco Limited has advised that the Dempsey 1-15 well in the Sacramento Basin in California is drilling ahead in the 8 ½ in. vertical hole.

Despite a slowdown in the number of rigs being added in the shale basins, output targets will be met or exceeded as producers are adding to their hedged positions, according to ESAI Energy’s recently released North America Watch.

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Wireline and mud logs have confirmed 4 zones of interpreted gas saturated sandstones at field production levels (depths from approximately 1000 metres (3300 ft) to 1560 m (5100 ft).

Sanchez Energy Corporation has announced that it has entered into a definitive agreement to sell its Javelina asset in the Eagle Ford Shale for approximately US$105 million in cash.

The API has urged the US administration to expand the next five-year offshore oil and natural gas leasing program to include areas of the Outer Continental Shelf, including the Atlantic, Eastern Gulf of Mexico, and Arctic.

Trelleborg has invested in a new production facility for sealing solutions in Denmark.

Publicly traded E&Ps and service companies are entering a Q2 earnings season anticipating a slowdown across the unconventional plays.