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Every year billions of barrels of Produced Water (PW) are generated from oil and gas production around the world. In some mature fields, 10 barrels of water are generated for every barrel of oil produced. It was costing up to US$10/bbl to ship PW to out of state SWDs because Pennsylvania had only nine permitted SWDs.
DP -Drill pipe HWDP – Heavy weight drill pipe DC – Drill collar BOP – Blow out preventer TDS – Top drive system WOB -Weight on bit ROP – Rate of penetration GPM – Gallon per minutes SPP – stand pipe pressure VFD Variable frequency drive SCR -Silicon controlled rectifier AC -Alternating current DC – direct (..)
CEO Jon Harris reported strong performance so far this year, with gross average production of approximately 44,900 barrels of oil per day (bopd) supported by steady local demand and optimisation efforts. The company paid a $25 million [approx. billion] interim dividend in April and remains debt-free with $100 million [approx.
bbl, with prices stabilising in a range of c.$27-$28/bbl 27-$28/bbl in H2 2024 2025 year to date (to 18 March 2025) gross average production of c.46,400 bbl (2023: $40.9/bbl) bbl) Gross operating costs per barrel decreased 21% to $4.4/bbl bbl (2023: $5.6/bbl), bbl (2023: $40.9/bbl) bbl (2023: $5.6/bbl),
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