Utah
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SponsoredAltitude Energy Partners optimized drilling efficiency by minimizing dysfunctions and protecting downhole components. Their directional drilling team ensured consistent curves and laterals through precise BHA design, modeling, and trajectory control—reducing nonproductive time and drilling costs, and achieving a 100% improvement in efficiency by pad completion.
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The Denver-based independent is boosting its position in the Canadian shale play by 109,000 net acres, and about 70,000 BOE/D.
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The deal comes only weeks after the private equity firm purchased a natural gas-fired plant operator.
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The acquisition underscores the rapid rise of the unconventional oil play in northeastern Utah that producers claim offers better margins than the Permian Basin.
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The oil and gas industry-backed geothermal firm plans to drill up to 29 wells in southwestern Utah that will deliver electricity to the state's grid by 2026.
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A new US government management plan clears the way for oil and gas drilling on land that used to be off limits as part of a sprawling national monument in Utah before President Donald Trump downsized the protected area 2 years ago.
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In the northeastern desert of Utah, a new type of oil sands extraction technology has been born. The company behind it claims the process is the most cost-effective and environmentally sound way to develop oil sands.