Oil Search-led group continues appraisal of Muruk gas find

A group led by Oil Search Ltd. in the Papua New Guinea highlands has reported a successful production test of the Muruk-1ST3 appraisal well, which was drilled southwest of last year’s Muruk-1 natural gas discovery Source: News


EIA: US crude inventories drop 1.7 million bbl

US crude oil stockpiles have now fallen in 9 of 10 weeks, according to the US Energy Information Administration’s Petroleum Status Report. Source: News


WPX, Howard Energy to form Delaware basin midstream combine

WPX Energy Inc., Tulsa, and Howard Energy Partners (HEP), San Antonio, have agreed to form a 50-50 joint venture to develop oil gathering and gas processing systems in the Permian’s Delaware basin. Source: News