"This is an exciting period for Faroe Petroleum with three high-impact exploration wells drilling at the same time, " he said.
As of March 28, the Bureau of Ocean Energy Management, Regulation and Enforcment (BOEMRE) of the Department of the Interior had received 31 deepwater drilling permit applications for offshore drilling activities like water injection wells and drilling from a fixed rig that were still allowed under the moratorium.
By 1967 he was broke, having sunk all his cash into wildcat wells, drilling mostly dry holes.
The relief wells require drilling to depths of perhaps 2 -3 miles, hence the seemingly long schedule for their expected completion.
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Though the plant continued pumping gas from existing wells, the strike halted drilling of new wells and froze the site's fracking program, said the three employees.
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He also has to front all the capital for drilling wells, laying pipelines and doing seismic imaging.
Because McMoRan is a small company out shooting elephants, it usually farms out stakes in the wells it is drilling.
Tapping our nation's plentiful natural-gas reserves requires drilling wells in rural communities and suburban neighborhoods previously untouched by energy production.
Instead of drilling wells, however, the Rands bought real estate, boats, vehicles, an original Picasso, wine, jewelry, jade and musical instruments.
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But if their case is rejected it will force Transocean to halt work on 10 wells it is drilling with Petrobras.
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The oil industry uses supercomputers to trawl seismic data before drilling wells.
The number seemed fanciful at a time when the industry was bemoaning accelerating decline rates on wells it was drilling, treadmill fashion, to supply demand.
Drilling wells properly and cementing them are the critical things.
Our plan is to repeat the success of Ghana by drilling wells in the remote Eastern Equatoria State where the majority of the people suffering from this disease live.
The new owners will begin drilling wells to pull the remaining hydrocarbons out of the ground in a cycle similar to what happened in the shallower waters of the Gulf of Mexico in the 1990s, Stone said.
Since drilling wells is the only means of finding oil and natural gas, IDCs essentially amount to what any other industry would be able to deduct as a part of its cost of goods sold, a concept of accounting and tax law as old as the tax code itself.
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The Noble Discoverer and the Kulluk began work on two wells during the 2012 drilling season, though Shell had earlier hoped to do six wells.
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But some petroleum industry experts maintain the technology for drilling deepwater wells is safe.
They are accused of using the collected funds for their own use and for drilling unrelated wells.
Some states require natural-gas companies use technology to capture gas during the construction and drilling of wells.
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But that can't happen as long as the moratorium bars drilling exploration wells.
As the price of oil climbs, speculators are interested in drilling new wells and tapping old ones throughout the area.
No matter who is drilling these wells they cost a couple of hundred million to drill those down 30, 000 feet.
After a laborious process of leasing land, seismic work, permits, drilling the wells, testing the wells, hooking the wells up to pipelines.
Seismic testing has already been done on the acreage, and Chevron says it plans to start drilling exploration wells by the end of the year.
Roach invested the money acquiring land and drilling exploratory wells.
Drilling deeper wells is one option they favoured.
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Basically, IDCs are the costs incurred by the oil and gas industry in the drilling of its wells.
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She also said, I think obviously very accurately, that the long-term solution to this is the drilling of relief wells, right?
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