ConocoPhillips has agreed to sell its interests in the Barnett shale play to Lime Rock Resources, Houston, for $230 million plus net customary adjustments. Production associated with the assets for the first half of the year averaged 9,000 boe/d, of which 55% was natural gas and 45% was natural gas liquids, ConocoPhillips said. Source: […]

Egdon Resources PLC plans another appeal to another local setback to its development of the 2014 Wressle oil discovery in North Lincolnshire, England. The North Lincolnshire Council Planning Committee has rejected the company’s application to extend planning consent to Aug. 1, 2019. Source: News

Woodside Energy Inc. has made a natural gas discovery with its Aung Siddhi prospect offshore Myanmar. The Aung Siddhi-1 exploration well encountered gas in two targets on Block AD-1 in the Rakhine basin where Woodside has interests in multiple areas. Source: News

Gazpromneft-Angara reports commercial oil flow from the first horizontal well drilled in Ignyalinskoye oil and gas condensate field in eastern Siberia. After multistage fracturing, the well flowed more than 120 tonnes/day, the company said. Source: News

Zennor Pathway Ltd. expects production to begin in 2019-20 from Finlaggan natural gas and condensate field in the Central UK North Sea. The Transocean Paul B. Loyd Jr. semisubmersible last month spudded the 21/05c-F1 well in the PL2013 area about 120 miles northeast of Aberdeen. Source: News

Light, sweet crude oil contracts for September and October deliveries dropped more than $1/bbl for the second consecutive day Aug. 1 on the New York market. Brent crude oil for October delivery dropped by more than $1.80/bbl to settle above $72/bbl in London. Source: News