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ConocoPhillips has reported a natural gas discovery in the Otway Basin offshore Victoria, Australia, after its Essington-1 exploration well intersected gas-bearing zones in the Waarre A and C sandstone formations.
The ruling means the state will take over permitting and enforcement of EPA regulations pertaining to all classes of wells, including injection wells for carbon dioxide storage.
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
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JPT Drilling and Hydraulic Fracturing Technology Review

Bold ideas, big impact. Creative thinking is reshaping unconventional development and cutting costs. Read more here.

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