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Onshore Advances

Catoosa Test Facility adds third testing rig

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Catoosa Test Facility has added a third testing rig to the test campus in Jennings, Oklahoma. Nabors Industries has furnished through a subsidiary one of its high-quality drilling rigs under a long-term arrangement to CTF for research and development activities related to drilling operations, advanced wellbore placement technologies and other oilfield tool testing and verification services...

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Devon Energy announces $340 million of non-core asset sales

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Devon Energy announced it has entered into a definitive agreement to monetize its Lavaca County assets in the Eagle Ford play. Combined with other minor asset sales completed across its US operations, proceeds from the company’s recently announced $1 billion divestiture program have now reached $340 million. The Lavaca County transaction is subject to customary terms and conditions and is expected to close by the end of 2017. “These highly accretive asset sales are an important step in executing on our $1 billion divestiture program over the next year,” Dave Hager, President and CEO, said. “The divestiture proceeds will further strengthen our investment-grade financial position and provide us additional flexibility to build operational momentum across our top-tier US resource plays.” ...

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Zinke signs secretarial order to streamline federal onshore oil and gas leasing permits

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US Secretary of the Interior Ryan Zinke signed a secretarial order to tackle permitting backlogs and delays, identify solutions to improve the permitting process on federal lands, and to identify solutions to improve access to additional parcels of federal land that are appropriate for mineral development. As of 31 January 2017, the Bureau of Land Management (BLM) had 2,802 Applications for Permit to Drill (APD) pending...

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Zinke signs secretarial order to jump-start Alaskan energy

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Flanked by members of Alaska’s energy sector and elected officials at the Alaska Oil and Gas Association annual conference, US Secretary of the Interior Ryan Zinke signed a secretarial order to jump-start Alaskan energy production in the National Petroleum Reserve – Alaska (NPR-A) and update resource assessments for areas of the North Slope, including the "1002 area" of the Arctic National Wildlife Refuge (ANWR)...

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