Cobalt hits oil pay with North Platte No. 4 appraisal well

The Cobalt International Energy Inc.-operated North Platte No. 4 appraisal well in the Gulf of Mexico encountered 650 ft of net oil pay, which is greater than the 550 ft of net pay found in the North Platte No. 3 appraisal well. Source: News


Turkmenistan halts gas exports to Iran

Turkmenistan’s Ministry of Foreign Affairs has confirmed that state-owned Turkmengas suspended exports of natural gas to Iran on Jan. 1 in a payments dispute. Source: News


PDC Energy adds 4,500 net acres in Delaware basin

PDC Energy Inc., Denver, has supplemented its 2016 entry into the Delaware basin by acquiring an additional 4,500 net acres in Reeves and Culberson Counties, Tex., from Fortuna Resources Holdings LLC, Houston, for $118 million in cash. Source: News


Ohio judge to allow injection well to reopen

An Ohio judge has asked the operator of a closed injection well to submit a plan to reopen the well in Trumbull County’s Weatherfield Township, about 65 miles southeast of Cleveland. The well was closed in 2014 because it was believed linked to two nearby small earthquakes. Source: News