EnerVest acquires Eagle Ford shale assets

EnerVest Ltd. said it and its institutional partners have closed or entered agreements to acquire Eagle Ford shale assets totaling $1.3 billion in three deals since last September. Source: News

EIA: Permian oil-output drop forecast to increase in June

Crude oil production in June from the seven major US shale regions is expected to fall 113,000 b/d month-over-month to 4.85 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). Source: News

BP doubles interest in North Sea’s Culzean development

BP PLC has acquired another 16% interest in the Culzean development of the UK central North Sea from JX Nippon Oil & Energy Co., bringing the British multinational firm’s total stake in the project to 32%. Source: News

Argentinian refinery plans expansion, upgrades

Axion Energy Argentina SA has secured partial financing from World Bank Group member International Finance Corp. (IFC) for a project to expand and upgrade its 87,000-b/d refinery near the town of Campana in Argentina’s Buenos Aires province. Source: News

Carnarvon’s Outtrim East-1 well slated for drilling in mid-June

Carnarvon Petroleum Ltd. reported that it will begin to drill the Outtrim East-1 well on Australia’s North West Shelf in mid-June using the Noble Corp.’s Noble Tom Prosser jack up drilling rig under contract with operator Quadrant Energy. Source: News