US upstream news

Halcón Resources Corporation has announced that it has entered into a purchase and sale agreement with a private operator to acquire 20,748 net acres in the Southern Delaware Basin for US$705 million with a November 1, 2016 effective date.

In the market of drilled and uncompleted (DUC) wells, there have been concerns about using frac sleeves in the completion design, then having them reliably open one, two, and almost three years later with repeatable success.

In the wake of Brexit, the Paris Agreement, Donald Trump’s election and with further political and economic milestones ahead, International Petroleum (IP) Week 2017 will assess the future impact of these events on the global oil and gas sector.

BNK Petroleum Inc. has announced that it has successfully finished drilling the first well of its 2017 drilling programme, the Chandler 8-6H well, in the Company's Tishomingo Field, Oklahoma.

Farm-out of 10% interest on 2 for 1 promoted basis with farm-out option of further 10% on promoted basis. Dempsey-1 scheduled for drilling in April-May 2017, targeting 1 trillion ft3 conventional reservoir gas underneath a producing field.

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry.

The Willow discovery wells, Tinmiaq 2 and 6, were drilled in early 2016 and encountered 72 ft and 42 ft of net pay, respectively, in the Brookian Nanushuk formation.

Anadarko Petroleum Corporation has announced that it has agreed to sell its Eagleford Shale assets in South Texas for US$2.3 billion to Sanchez Energy Corporation and Blackstone Group LP.

Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Systems (UAS), otherwise known as drones, has welcomed Oil & Gas UK’s new guidelines on the use of drones in offshore environments.

Peak’s advanced flow control products and well intervention solutions will help expand Schlumberger's Production Services portfolio.