Israel’s Navitas Petroleum said on June 27 the Buckskin project in the U.S. Gulf of Mexico (GoM) had reached full commercial production with an output rate of more than 30,000 barrels per day of oil, a higher level than planned.
“This demonstrates the high quality of the reserve and how it has been developed as well as its production infrastructure,” Navitas Chairman Gideon Tadmor said.
Buckskin is one of the largest oil reserves discovered in the last few years in the GoM and holds about 474 million barrels of oil.
Navitas has a 7.5% stake in the project. LLOG Exploration is the operator. Other partners are Repsol, Beacon Offshore Energy Buckskin LLC and Ridgewood Energy.
Recommended Reading
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
2024-12-11 - New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
Blackstone Buys NatGas Plant in ‘Data Center Valley’ for $1B
2025-01-24 - Ares Management’s Potomac Energy Center, sited in Virginia near more than 130 data centers, is expected to see “significant further growth,” Blackstone Energy Transition Partners said.
Huddleston: Haynesville E&P Aethon Ready for LNG, AI and Even an IPO
2025-01-22 - Gordon Huddleston, president and partner of Aethon Energy, talks about well costs in the western Haynesville, prepping for LNG and AI power demand and the company’s readiness for an IPO— if the conditions are right.
E&P Highlights: Dec. 16, 2024
2024-12-16 - Here’s a roundup of the latest E&P headlines, including a pair of contracts awarded offshore Brazil, development progress in the Tishomingo Field in Oklahoma and a partnership that will deploy advanced electric simul-frac fleets across the Permian Basin.