Press Esc to close

WorldOil

World Oil News Center



Forest Oil partners with Schlumberger on Eagle Ford shale land

BY BEN FOX RUBIN

DENVER -- Forest Oil inked a strategic partnership with Schlumberger to develop the Eagle Ford Shale land in Gonzales County, Texas, allowing for accelerated production growth and improvement of the project' s economics.

Under the terms of the agreement, Schlumberger will pay a $90 million drilling carry in the form of future drilling and completion services and related development capital in order to earn a 50% working interest in Forest' s Eagle Ford shale acreage position. Forest and Schlumberger will then participate in future drilling on a 50/50 basis.

Forest will be the operator of the drilling program and currently expects the drilling carry will be fully realized by the end of 2014 whereas Schlumberger will provide the technology, integrated services and capital resources needed for Forest to retain and develop a substantial portion of its acreage position.

Dow Jones Newswires

04/14/2013

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS