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ReconAfrica has entered into a Memorandum of Understanding (MOU) with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. It complements ReconAfricas activities in Namibia and highlights the potential of the Damara Fold Belt and Rift Basin by adding 5.2
The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades.
One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. This method has been instrumental in achieving significant cost reductions, enhanced hydrocarbon recovery, and greater project returns. What Are Row Developments?
His deep industry knowledge and hands-on operational skillset, developed over four decades, will be instrumental in delivering our vision to unlock the full potential of our deep-basin tight-gas project through the drill-bit.” We are thrilled to welcome Eric to the leadership team, said Dr. Paul Clarke, President and CEO.
existing net DUCs and permits with an average lateral length of ~9,500 feet PRO FORMA HIGHLIGHTS Approximately 85,700 net royalty acres in the Permian Basin; ~43% operated by Diamondback Pro forma Viper owns an average 1.8% at closing at strip pricing and decreasing thereafter; near-term net debt target of $1.5 mboe/d) Approximately 16.1
which have been instrumental in executing Cenovus’s drilling programs. Operational Highlights Cenovus maintained a steady rig count of 19 in Q1 2025, demonstrating consistent operational capacity Oil Gas Leads. The companys drilling activities were supported by major contractors, including Precision Drilling and AKITA Drilling Ltd.,
About ReconAfrica ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana , where the Company holds petroleum licences comprising ~8 million contiguous acres.
He listed location through P&IDs (piping and instrumentation diagram, a sort of CAD representation of the entire well site), well planning documents, ERP (enterprise resource planning), along with “equipment spec and data sheets, which are typically PDFs.” appeared first on Permian Basin Oil and Gas Magazine.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
Vertical Seismic Profiles (VSP) in certain situations are revelationary pieces of information which can shed a whole new light on basin analysis. There are often personnel still in place who were instrumental in the creation or moulding of a design process or documentation structure. Operator processes can be very emotive.
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