Exploration & Production | Operational Updates
Madalena Ventures Provides 4Q Argentina Shale Drilling Update
Print
|
Madalena, which holds three large blocks (or concessions) within the prolific Neuquén basin in Argentina, continues to move forward to delineate its large in-place oil & gas unconventional resources with shale positions in the Vaca Muerta, Agrio and Los Molles shales. Madalena holds 135,000 net acres across the Coiron Amargo (35,027 net acres), Curamhuele (50,400 net acres) and Cortadera (49,600 net acres) blocks.
On the Coiron Amargo Block (35% working interest), the CAN 8 development well located 800 meters south east of the CAN 7 well is drilling ahead at approximately 7,824 feet to a planned target depth of approximately 10,430 feet. The objectives for the CAN 8 well are both the conventional light oil in the Sierras Blancas formation as…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Latin America News
Chevron, Quantum prepare joint bid for Lukoil’s international assets
Chevron and private equity firm Quantum Energy Partners are preparing a joint bid for the international assets of Russian oil major Lukoil, a package estimated to be worth…
Exxon Extends Offshore Guyana Work with Noble Corp.
Noble Corp. announced that the ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement (CEA) with ExxonMobil…
Halliburton Expects Slow 4Q, More Cost Cutting, Stacking Equipment
Halliburton reported its Q3 2019 results. Here are the highlights from its call and report. Shift from US to International Similar to Schlumberger, Halliburton noted the shift in…
YPF, Petrona Sign Agreement to Invest US$ 2.3B in Vaca Muerta
YPF and Petronas agreed this week to invest US$ 2.3 billion in a shale oil project in Vaca Muerta, with a target of reaching 60,000 b/d of oil…
Pemex, Lewis Energy Partner to Target Eagle Ford in Northern Mexico
Pemex and Lewis Energy have inked a joint development deal, which will be focused on targeting the Eagle Ford play in northern Mexico (Coahuila).