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USGS Boosts Austin Chalk Resource Estimates to Nearly 7 Billion Barrels of Oil

2020-10-29 19:58:32| OGI

The Austin Chalk assessment, which includes the Tokio and Eutaw formations, is believed to also hold about 41.5 trillion cubic feet of natural gas, the report shows.

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Equinor, BP Strike Oil at Two Prospects Offshore Newfoundland, Canada

2020-10-29 14:47:20| OGI

The wells were drilled by the Transocean Barents semisubmersible rig this summer in the Flemish Pass Basin.

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ConocoPhillips Posts Smaller-than-expected Loss as Oil Prices Recover

2020-10-29 14:21:16| OGI

ConocoPhillips reported a loss of $500 million, or 42 cents per share, compared with third-quarter 2019 earnings of $3.1 billion, or $2.74 per share.

Tags: posts prices loss oil

 

Is the Oil Exploration Business Dead?

2020-10-29 10:30:00| OGI

Leaders of E&P companies, service providers and tech firms discussed the changing landscape of oil and gas exploration during the Society of Exploration Geophysicists recent virtual conference.

Tags: business dead oil exploration

 

Can Liberty Oil Mavericks Corporate Culture Survive the US Shale Bust?

2020-10-29 10:10:00| OGI

Chris Wright is running the second-biggest fracking company in North America and preparing for a battle to keep the unconventional culture he has built at Liberty Oilfield Services Inc.

Tags: culture corporate oil survive

 

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