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Month: August 2018

Permian Daycares are “Loaded†| OutPut by Rig Lynx

August 23, 2018
| Archives

The West Texas sun is still hours away from rising, but the line at the First Presbyterian Church in Midland is already forming. These aren’t teens waiting for concert tickets. They’re tired moms and dads hoping to get a spot at the church’s “Mother’s Day Out†program for their children, the babies of the boom. “It’s like you’re scalping

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Canada Oil Sand Quiz from Context | OutPut by Rig Lynx

August 23, 2018
| Archives

How much do you know about the oil sands? Take our Canada’s oil sands facts quiz to find out. Did you know that Canada’s oil sands are one of the largest single deposits of oil in the world? Take our 10-question quiz below and find out how good your knowledge of Canada’s oil sands really is: Original Quiz Here  Check out our

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FAR heads into Gambia, first offshore well in 40 years | OutPut by Rig Lynx

August 23, 2018
| Archives

FAR Limited has selected its final well location for the upcoming Samo-1 well in its Gambian exploration program. Following reprocessing and interpretation of 3D seismic data, detailed mapping of the Samo Prospect and detailed well engineering, FAR Gambia Ltd, a wholly owned subsidiary of FAR Limited, as Operator of the block A2 joint venture, has approved a

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Some Louisiana oil and gas history you may not know | OutPut by Rig Lynx

August 23, 2018
| Archives

The first Louisiana oil well discovered the giant Jennings oilfield in 1901 and launched the Pelican State’s petroleum industry. Almost a quarter million wells would be drilled by 2014. Nine months after the 1901 headline-making oil discovery at Spindletop, Texas, oil erupted 90 miles to the east. W. Scott Heywood – already successful wildcatter at Spindletop – drilled a

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Alaska’s Oil Life | OutPut by Rig Lynx

August 22, 2018
| Archives

A market research report from consultant group IHS Markit found crude oil production from the late-stage Alaska North Slope could increase by 40 percent. New drilling technology in the North Slope basin could drive production higher over the next eight years, the consultant group found. The ultimate recovery estimate is in the 54.8 billion barrel range, with 38

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Magnolia grabs a good Harvest for $191 million | OutPut by Rig Lynx

August 22, 2018
| Archives

Magnolia Oil & Gas Corp., Houston, agreed to acquire substantially all of the South Texas assets of Harvest Oil & Gas Corp. in a cash and stock deal worth $191 million. The deal adds 15 net locations to Magnolia’s core Karnes County inventory and 114,000 net acres to its Giddings field position. The assets produced 4,800 boe/d in

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$2 billion dispute between Conoco and PDVSA settled | OutPut by Rig Lynx

August 21, 2018
| Archives

ConocoPhillips said on Monday that it had reached a settlement with Venezuela’s state-owned oil firm PDVSA to recover the full US$2-billion amount that an international court awarded it earlier this year for the expropriation of its oil assets in Venezuela a decade ago. PDVSA has agreed to recognize the International Chamber of Commerce (ICC) ruling and make initial payments of

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Overview of one of the “Worlds Largest Offshore Facilities†| OutPut by Rig Lynx

August 21, 2018
| Archives

Key facts Location: Gulf of Mexico, USA Depth: 2,450 metres (8,000 feet) Fields: Great White, Tobago, Silvertip Interests: Host platform: Shell 35% (operator), Chevron 37.5%, BP 27.5% Great White: Shell 33.34% (operator), BP 33.33%, Chevron 33.33% Sivertip: Chevron 60% and Shell 40% (operator) Tobago: Shell 32.5% (operator), Nexen 10%, Chevron 30%, Unocal 27.5% Peak production: 100,000 barrels of oil equivalent per day (boe/d) Key contractors: Technip, Kiewit, FMC Technologies, Heerema Marine Contractors Mike

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