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
4 Jan 2017 12:55:06 EST – The latest stock information is now available for your stocks
XOM Last 90.105 Change –0.785 % Change 0.86% Volume 3,572,772 As of: 4 Jan 2017 12:55:06 EST View: Stock Quote | News CVX Last 117.975 Change +0.125 […]
Wintershall aims to complete 12-well program by spring
Wintershall Holding GMBH aims to complete a 12-well drilling program this spring in northwest Germany at a cost of about €30 million. Source: News
TAEP: Texas oil, gas economic contraction hit 2-year mark in November
The Texas upstream oil and gas economy contracted in November for the 24th consecutive month, according to the Texas Alliance of Energy Producers’ Texas Petro Index (TPI). Source: News
4 Jan 2017 11:55:21 EST – The latest stock information is now available for your stocks
XOM Last 90.2035 Change –0.6865 % Change 0.76% Volume 2,972,397 As of: 4 Jan 2017 11:55:21 EST View: Stock Quote | News CVX Last 118.2586 Change +0.4086 […]
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
Statoil outlines exploration plans for 2017
Statoil ASA plans to drill about 30 exploration wells in 2017 as operator and partner, an increase of about 30% compared with the 23 in 2016. Source: News
MARKET WATCH: NYMEX crude oil price for February settles under $53/bbl
Oil futures fell more than $1/bbl on the New York and London markets Jan. 3 while the value of the US dollar rose. Analysts said many market participants doubt whether major producers will cut production in 2017 as they agreed in 2016. Source: News