US upstream news

Halliburton has announced an agreement with GroundMetrics, a San Diego company specialising in the development of electromagnetic sensor systems, to deliver full field reservoir characterisation and monitoring services.

Touchstone Exploration Inc. has provided an operational update with respect to the company’s 2017 drilling campaign and recompletion programme.

Designed for all artificial lift applications involving rod pumps, this unique device accurately measures both load and position in a single wireless unit.

The percent of horizontal rigs in the Permian grew from 14% in January 2013 to 27% in January 2015. Now, the Permian accounts for over 42% of the active horizontal rigs in the US land market.

Husky Energy is moving forward with the West White Rose Project offshore Newfoundland and Labrador.

Tsubaki of Canada Limited has purchased Dia-Saw Manufacturing Ltd. Dia-Saw started as a manufacturer of shake and shingle mill equipment and has since evolved into a manufacturer of sprockets and related drive components.

With abundant supply potential, Rystad Energy expects US gas companies to see a large LNG export potential to China after President Donald Trump and President Xi Jinping reached the bilateral trade agreement last month.

The global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival.

The area of mutual interest encompasses approximately 1100 square miles. The first phase of the Coyanosa Survey will consist of approximately 306 square miles of high-quality, 3D seismic data in Ward, Reeves and Pecos Counties, Texas.

Looking at the recent evolution of oil production in the Lower 48 states (excl. Gulf of Mexico), Rystad Energy observes a continuous expansion, with a 430 000 bpd growth from December 2016 to May 2017.