Tourmaline Oil 2022 capital budget of $1.125 billion is expected to deliver average production of 500,000-510,000 boepd. Download drilling report.
TOURMALINE 2022 APPROVED BUDGET
Hess Increases Budget in the Bakken
Hess will operate in the Bakken, a three-rig program and drill 85 wells
Enbridge purchases Northwest B.C. pipeline from Chevron, Woodside
The proposed pipeline would carry LNG from Summit Lake, near Prince George to Kitimat sold to Enbridge
Surge Energy Inc. announces 2022 capital and operating budget
Surge Energy $124 million exploration and development capital program production of 21,500 boepd
Birchcliff Energy Ltd. announces 2022 budget, guidance and updated five year plan
Birchcliff capital budget of $240 million to $260 million, which is expected to deliver annual average production of 78,000 to 80,000 boe/d.
Permian Oil Production Reached Record High Last Month
Crude supply from the Basin, which includes Texas and New Mexico, averaged 4.92 million barrels a day last month, according to the Energy Information Administration.
Chevron Hayhurst New Mexico Solar project generate 20 megawatts of energy
The project, known as the Hayhurst New Mexico Solar project, is expected to include 55,000 solar panels, which will generate 20 megawatts of energy to serve Chevron’s electrical load needs in the Permian Basin.
Lease sales are slated to reopen in North Dakota in the coming months
federal Bureau of Land Management, which is overseen by the Department of the Interior, has planned more than 6,800 acres in western North Dakota and eastern Montana for auction in the coming months.
New fracking rules in Texas drive up disposal costs
Recent new fracking regulations enforced by Texas regulators to help end earthquakes in the Permian Basin have sent wastewater disposal prices upward for some of the big companies.
More drilling is planned in Oklahoma STACK Play
More drilling is planned in the STACK with more permits for Canadian, Blaine and Kingfisher Counties, the ones that primarily make up the shale play.