Range Resources announces asset sales in Appalachia
The company is to sell a a 2% proportionately reduced overriding royalty interest in 350 000 net surface acres in southwest Appalachia, US.
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The company is to sell a a 2% proportionately reduced overriding royalty interest in 350 000 net surface acres in southwest Appalachia, US.
The company's recently published North America Watch attributes the growth in output to increasing rig productivity and efficiency gains in areas outside of the Bakken core.
Tremendous overspend by US shale firms continues to persist, says the energy research and consultancy.
These data sets are available now for licensing or extraction on a well-by-well basis with one-day turnaround.
Abundant hydrocarbon reserves and the ability to drill longer laterals has made Permian Basin the most prolific shale play in the world, according to GlobalData, the data and analytics company.
The Unitized™ Lock-Ring wellhead features a standardised design for shale plays in the US that accommodates 95% of casing configurations in either 11 in. or 13-5/8 in. nominal sizes.
Borets, a leader in the engineering, manufacturing, sales and service of electric submersible pump (ESP) systems, has successfully installed its 250th permanent magnet motor (PMM) ESP system in the US.
A slump that began in late 2018 has carried over into the new year and the US$1.6 billion in 1Q19 deals is down 91% from 4Q18, and down 93% compared to 1Q18.
The transaction increases Pin Oak Energy’s acreage position across the Appalachian Basin to 167 000 net deep acres.
The concession covers the Puesto Rojas block in Mendoza province, Argentina.
The company is aiming for a gross initial flow rate of 325 bpd at the well, which would generate a free cash flow of approximately US$3.6 million and payback well costs in less than six months (assuming a price of US$60/bbl Brent)
During 2018 Eagle Ford re-emerged as one of the lucrative destinations for oil and gas companies, according to GlobalData.