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The new drillingrigs boast high operational efficiency, faster well completion, and easy mobility between sites at a lower costenhancing the execution of plans in a more efficient and cost-effective manner, said Mohamed Abdel Mageed, Chairman of GPC, in a report to the Ministry of Petroleum and Mineral Resources.
While HRT is only 19% utilized today, it has been up to 82% utilized historically during periods of tight pipeline egress, providing Strathcona with a natural hedge against future egress bottlenecks. The HRT acquisition is a continuation of Strathconas countercyclical acquisition strategy focused on core area consolidation.
We completed the infrastructure build in Q1/25 to separate the produced water, allowing it to be utilized for re-injection versus disposal which enhances economics and reduces environmental impact. GJ to $3.35/GJ. The full list of awardees can be accessed here: Financial Times Americas Fastest Growing Companies.
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