Oil & Gas 360º
MARCH 24, 2025
To date, initial surveying activity has been completed, with debushing activities ongoing and demining activities set to be undertaken in the coming weeks. As a result of the progress to date, ReconAfrica has accelerated the spud date for Prospect I to Q2 2025. NSAI), an independent qualified reserves evaluator.
The Energy Law
MAY 5, 2023
The leases obligated MRC to spud a new well every 180 days after the spud date of the last well during the leases’ secondary terms to avoid having the non-developed portions of the leases terminate. MRC did not notice its error until approximately two weeks after May 21, 2017, at which point it had not yet spudded the new well.
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Oil Gas Leads
MAY 28, 2025
SM Energys Drilling Trends: January 2023 to May 2025 Using public drilling data for SM Energy wells in Texas, we grouped spud activity by month from January 2023 onward. SM Energy has parked two of its most active rigs : Rig Contractor Total Wells Avg Days Between Spuds Last Activity Rig 43 Latshaw 23 wells 16.5 wells by months end.
Oil & Gas 360º
APRIL 2, 2025
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.
Oil & Gas 360º
APRIL 10, 2025
We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the Damara Fold Belt.” ” DRILLING PLANS UPDATE Pre-construction activities are continuing on schedule and the pre-drill evaluation is complete. Prospect I is noted as location 63 in the NSAI report. (1)
The Energy Law
AUGUST 10, 2017
In these transactions, the Drilling Party pays for or “carries” all or a substantial portion of the Lease Party’s share of the costs of drilling and completing one or more wells on the leases (“Earning Wells”). The Five Lessons 1. Take advantage of the geology.
Oil Gas Leads
MAY 19, 2025
Darren Woods, ExxonMobil Our U.S. shale portfolio is built for capital discipline. Mike Wirth, Chevron The Shale Decline Dilemma: You Stop, You Slide Even with advanced tech, decline curves dont disappear. Shale wells lose 3040% of their production in the first year. That means without continuous drilling, output falls off a cliff.
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