Zephyr Energy PLC (AIM:ZPHR, OTCQB:ZPHRF) announced an uptick in its fourth-quarter production volumes, which averaged 1,053 barrels oil equivalent per day (boepd), a 7% increase from the previous quarter.
The company, in a statement, highlighted significant contributions from the Slawson wells, which, despite temporary setbacks due to weather and infrastructure challenges, resumed production in January 2024.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) has announced significant progress in its preparations for flow testing operations at the Hickory-1 well, in Alaska, as the countdown continues.
Mobilisation operations have been completed, the company said in a statement, and it is now testing and preparing the blow-out preventers (BOP) installed at the wellhead.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) today launched a tender offer, giving its shareholders the option to participate in the company’s share buy-back programme.
It comes as the company seeks to give shareholders optionality whilst it advances a capital-return strategy.
Plexus Holdings PLC (AIM:POS) has announced the successful completion of a customer-sponsored R&D project for its bespoke HG-R tubing hanger neck seal.
The company told investors that the latest development aims to revolutionise the maintenance of surface production wellheads as it can combat the common failures of conventional seals used in the oil and gas industry.