article thumbnail

APA Corp., partners complete successful flow test for North Slope exploration well

Oil & Gas 360º

The well performed in line with expectations during the 12-day production test, averaging 2,700 barrels of oil per day during the final flow period, without artificial lift. The vertical Sockeye-2 well was completed in a single 25-foot interval at approximately 9,200 feet TVD, without stimulation.

article thumbnail

African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360º

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Algerias Sonatrach will increase hydrocarbon production by 2.5%

E&P 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Partnership of Midland’s Elevation Resources, IOG to drill in Andrews County

Permian Basin Oil and Gas Magazine

Elevation Resources is a Permian-focused exploration and production company with operations in the Central Basin platform. It was formed in 2013 with financial backing led by Pine Brook Road Partners. Their 2025 drilling plans include 10 horizontal Barnett wellbores in Andrews County.

article thumbnail

Petronas Gets New Block offshore Suriname

Rigzone

Image by Leonid Andronov via iStock Malaysia’s national oil and gas company has expanded its footprint in Suriname with the signing of a production sharing contract (PSC) for a deepwater block next to several discoveries. Petronas plans to start gas production 2031 if Sloanea 2 proves to be a commercial success. square miles).

article thumbnail

BP Signs Agreement for Kirkuk Oil Fields Development

Iraq Business News: Oil & Gas

The agreement, signed in Baghdad on Tuesday under the patronage of Prime Minister Mohammed Shia Al-Sudani, encompasses oil, gas, power and water development, with potential for future exploration investment. It also builds upon BP's previous work on the Kirkuk fields from 2013 to 2019.

Field 75
article thumbnail

Overturning 8 Years of “Palpable Error,” The Louisiana Supreme Court Limits Damages Available to Landowners in Oilfield Legacy Litigation

The Energy Law

Louisiana Land and Exploration Co., Iowa Production , landowners sued oil and gas companies for breach of a mineral lease. In 2013, the decision in State of Louisiana v. Louisiana Land and Exploration Co., This was all done in light of this Court’s 2013 La. State of Louisiana v. 2020-00685 (La. 6/30/2021); — So.

E&A 105
article thumbnail

Production in Paying Quantities: Second Circuit Holds Lower Courts Must Consider All Relevant Factors, Not Just Profit

The Energy Law

Since this blog’s post on production in paying quantities on January 26, 2016 , the Louisiana Second Circuit Court of Appeal rendered its latest decision on the subject in Middleton v. Specifically, courts must consider all relevant factors, not just profit, when determining whether production is in paying quantities. 50,300-CA (La.