Reservoir

After tracking ARC Resources for more than 2 years, Shell is buying the company to access its tier-one Montney assets.
The US Department of Energy and Pennsylvania Department of Environmental Protection will convert a horizontal Utica Shale gas well into an enhanced geothermal system. Building directly on horizontal drilling and completion practices developed in the Utica, the project will include evaluation of optimal well orientation, lateral placement, and spacing.
An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.

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