Russia plans to cut its oil output by at least 50,000 to 60,000 barrels per day (bbl/d) in January, its energy minister said on Dec. 11, less than its final target under a global production deal reached last week, aiming for gradual, smooth reductions.
EOG Resources’ South Texas asset package, being marketed for sale by TenOaks Energy Advisors, comprises operational control in legacy fields in the prolific Frio trend area.
Diversified Gas & Oil, known as DGO, said it acquired Core Appalachia Holding, a conventional producer and processor of natural gas in the southern Appalachian Basin.
IPC will acquire BlackPearl for roughly C$622.5 million and combine its assets with IPC’s existing assets in Canada as well as in France, Malaysia and the Netherlands.
Mexican President-elect Andres Manuel Lopez Obrador said on Sept. 6 his government would launch tenders for drilling oil wells from early December as part of a plan to quickly increase the nation's crude output.
U.S. crude oil production rose 231,000 barrels per day (bbl/d), or 2%, to a record 10.674 million barrels per day (MMbbl/d) in June, the U.S. Energy Information Administration said in a pair of monthly reports on Aug. 31.
Production expected to reach 80,000 bbl/d by end of 2018.
David L. Stover, chairman, president and CEO of Noble Energy Inc.
Eric Zimmermann, vice president of Geology at LLOG Exploration Co.; andBrian Reinsborough, president and CEO of Venari Resources.
John Schiller, president and CEO at Energy XXI.