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Valor | Energy Connection – June 23, 2025

Valor

While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. Read more US oil rig count down by 1, says Baker Hughes Summary : For the week ended June 20, the total U.S.

Energy 52
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THE SIZE OF THE PRIZE HINGES ON THE CURRENT DRILL PROGRAM NEXMETALS MINING CORP NEXM-TSXV

Oil and Gas Investments

QA/QC Drilling at Selebi Mine Project was completed by Mitchell Drilling of Botswana utilizing a Sandvik UDR1500 and a Boart Longyear LF-160 diamond drill rig. Drill core samples (47.75mm NQ) are cut in half by a diamond saw on site. Drill core samples (HQ: 63.5 Samples are generally 1.0

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GPC Operates Modern Drilling Rigs in Eastern Desert, To Drill 75 Oil Wells in One Year

Egypt Oil & Gas

The new drilling rigs 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.

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Prairie Operating Co. announces 11-well development at Rusch Pad

Oil & Gas 360º

The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.

Operator 130
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Strathcona announces sale of Montney business for $2.84 billion and acquisition of Hardisty Rail Terminal

Oil & Gas 360º

Updated Guidance and Long-Range Plan Upon completion of the Montney dispositions, Strathcona will be a pure-play heavy oil company producing approximately 120 Mbbls / d (100% oil, 95 Mbbls / d thermal, 25 Mbbls / d conventional) with a 50-year 2P reserve life index and positive net cash (including marketable securities).

BBL 130
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Rig Churn and the U.S. Land Drilling Squeeze: Insights from Nabors Q1 2025 Earnings

Oil Gas Leads

Rig Churn: The Quiet Margin Killer Nabors was candid about what weighed down U.S. results: elevated rig churn. Rig churn placed pressure on utilization and operating expenses, stated CEO Anthony Petrello during the earnings call. Thats a drop of $664 per day per rig, which becomes material across a large fleet.

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Subsea Plugging & Abandonment: Light Well Intervention Vessel Overview

Drillers

I thought it would be pertinent to write something on the plug and abandonment (P&A) of subsea assets utilizing a Light Well Intervention Vessel (LWIV). Light Well Intervention Vessels have been used for over 30 years in the North Sea, and their utilization has spread globally over previous decades. Heavy intervention capability.