Remove Completion Remove Energy Remove Workover
article thumbnail

Oil price, Pharos, Tower, Prospex.

Malcolm Graham Wood

Yesterday Prospex announced that the workover rig at Viura was repairing the damaged completion tubing. Oil continues to rise gently as US/Sino talks continue.Today Pharos announces that it has received an extension to its block 125/126 in Vietnam and Tower hires a rig for Thali. The post Oil price, Pharos, Tower, Prospex.

Workover 195
article thumbnail

IDC Advances 15-Well Project in North Rumaila

Iraq Business News: Oil & Gas

The Iraqi Drilling Company (IDC) is making steady progress on its project to drill 15 oil wells in the North Rumaila field , working in coordination with Halliburton and Basra Energy Company Limited (BECL). Preparations are under way to install 9 casing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Prospera Energy Inc. Announces Service Rig Update, Closing of Acquisition, Warrant Amendments, Stock Option Grant, and Shares-for-Debt Settlement

BOE Report

CALGARY, Alberta, March 25, 2025 (GLOBE NEWSWIRE) — Prospera Energy Inc. PEI, OTC: GXRFF) (“Prospera“, PEI or the “Corporation“) Service Rig Update Prospera Energy completed a total of thirty-two workovers and reactivations in Q1 2025 before releasing service rigs for spring break-up on March 20th.

Workover 101
article thumbnail

Getting a Line on Wireline

Permian Basin Oil and Gas Magazine

Actually, it was in late 2024 that the wireline sector witnessed a big move, when Axis Energy Services merged with Brigade Energy Services to create what the combined company—Dallas-based Axis Energy Services LLC —described as the largest well servicing company in America. We started off logging for Diamondback Energy.

Basin 59
article thumbnail

DNO reports "Stellar Production" in Iraqi Kurdistan

Iraq Business News: Oil & Gas

Notwithstanding, output was increased by bringing three previously drilled wells onstream and by workovers and interventions on more than 20 other wells across the license. 20+ well workovers and interventions. Genel Energy International: 25% interest. Operational Overview Well testing program completed in Q4.

article thumbnail

Oil Review Middle East - Untitled Article

Oil Review Middle East

Dubai-based Viking Completion Technology is expanding its operations in Saudi Arabia following successful results from trial projects The provider of well completion equipment and services deployed its well completion design, manufacturing, and service expertise for five projects across the Kingdom between September 2023 and November 2024.

article thumbnail

Production in Paying Quantities: Maintaining Mineral Leases Beyond Their Primary Terms with Production of Oil or Gas

The Energy Law

“Operating expenses”—or “lifting expenses” as they are sometimes referred—are “ordinary, recurring expenses” that are attributable to the expense of production, after the well is drilled and completed. [5] at 718-19; see also Dore Energy Corp. 2003) (citing Louisiana Mineral Code article 124). [3] 3] Menoah , 545 So.

Oil 40