Barron Petroleum makes oil and gas discovery in Permian Basin, US

first_img Barron Petroleum drilled a new discovery well in Val Verde County. (Credit: Barron Petroleum LLC) US-based exploration and production (E&P) company Barron Petroleum has made what it claims to be a major discovery at a 13,000-acre field in Val Verde County, Texas.Located about six miles southwest of the Massie (Strawn) field, the ‘Sahota Carson 20BU #1’ well was drilled to a total depth of 12,650ft and encountered about 70ft of gas-bearing Strawn porosity.Barron Petroleum said that the well has been tested at rates of up to five million cubic feet per day following stimulation.The field holds 417bcf of oil and gas reservesAs per the estimates, the field holds 417 billion cubic feet (bcf) of oil and gas reserves, which is equivalent to 74.2 million barrels.The company noted that the 3D seismic survey was used developing the 13,000-acre prospect. Barron holds a 100% working interest (WI) in the prospect.Barron Petroleum president and CEO Barron Petroleum said: “We are currently evaluating means to further enhance location selection and well performance. The company intends to continue our drilling programme, encouraged by the recent strengthening in natural gas prices.“Our team is very ecstatic and the next step is to figure out how to develop the lease or get someone to join the venture with us. Our company has a significant cost advantage since we internally source many well construction services. We are proud of our low-cost operating structure.“This discovery is also near existing infrastructure, which avoids the extreme Waha hub gas price variability.”The Val Verde sub-basin is located south-east of Permian’s Midland sub-basin.Additionally, Barron Petroleum is considering testing and potential development in the Ellenburger formation at about a depth of 16,000ft, Canyon at an approximate 9,000ft deep. Sahota Carson 20BU #1 well, which was drilled to a total depth of 12,650ft, encountered about 70ft of gas-bearing Strawn porositylast_img read more

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Press release: UK-LATAC trade in the spotlight: Exports Minister visits Brazil and Argentina

first_imgMinister of State for Trade and Export Promotion, Baroness Fairhead, travelled to Brazil and Argentina last week (8-10 April) to meet with key Brazilian and Argentinian businesses and government ministers to discuss the UK’s commitment to trade and investment in both countries and the wider Latin American and Caribbean (LATAC) region.Baroness Fairhead met with businesses across a range of sectors including finance, life sciences and energy to reflect on both the challenges and opportunities available between the countries.Trade with Brazil, the world’s 9th largest economy, increased by 4.7% in 2018, reaching £5.8bn, while UK exports to Argentina rose by 4.1% to £807m. With trade with the two countries at healthy levels, there are significant opportunities for UK businesses to establish and build on strong trading ties far beyond Europe.Minister of State for Trade and Export Promotion Baroness Fairhead said: Visit to ArgentinaIn Argentina, the Minister met with businesses and government officials to discuss ways in which the two countries can improve market access for business. While in Argentina the Minister highlighted the UK’s capability in a number of sectors including infrastructure, mining, agriculture, energy and financial services.The Minister also co-chaired the fourth meeting of the UK-Argentina Commercial Dialogue. Established in Spring 2017, it is the main forum for bilateral trade discussions between the two nations, and the latest talks focused on addressing market access issues faced by companies trading between the UK and Argentina. The meeting was hosted by Mariano Mayer, Secretary for SMEs and Entrepreneurship, on behalf of the Ministry of Production and Labour.Following the meeting, a new Better Regulation forum was agreed between the UK and Argentine governments, promoting direct regulator-to-regulator exchanges to share best practice and promote regulatory reform. These efforts will assist UK firms to enter the Argentine market, and support the Government of Argentina in its mission to modernise and streamline the Argentine regulatory environment, as well as improve Argentina’s standing as a destination for international business.Visit to BrazilMinister Fairhead visited Sao Paolo between 9-10 April, to attend an International Green Bond Market event. The Minister gave opening remarks at the event, highlighting the City of London as the global capital for Green Finance and reaffirm the UK government’s commitment to working with Brazil to improve trade and investment flows.The event was followed by a visit to Life Sciences company Aché’s manufacturing plant in Guarulhos to learn more about the Brazilian Life Sciences sector and potential opportunities for further collaboration with the UK.LATAC engagementBaroness Fairhead’s visit follows on the back of a week-long LATAC Roadshow across the UK that was promoted by DIT, which aimed to drive more UK businesses to export opportunities in the region. The roadshow engaged with more than 600 companies, visiting five cities in five days.The visit also follows the launch last week of DIT’s a dedicated Latin American Investors Club, created to help support Latin American and Caribbean companies invested in the UK. Roughly 100 investors attended the event.Latin America and the Caribbean combined is equivalent to the world’s third largest economy after China and the USA, offering vast potential for UK businesses across sectors such as food and drink, oil and gas, infrastructure and financial services. Home to over 650 million people, LATAC includes 48 countries and territories with a growing middle-class population, resulting in greater demand for high-quality products and services. This visit is a great opportunity to meet with businesses and members of government in both Brazil and Argentina to discuss how we can work together to improve our trading relationship and support more UK firms secure success in the region. Brazil and Argentina are significant markets in their own rights, and while British businesses are seeing increased demand from these vibrant economies, there is still more to do to ensure our leading sectors capitalise on the many opportunities and the growing demand for British brands across both countries. The Department for International Trade is committed to supporting British businesses of all sizes export more and break into new markets, as outlined in the government’s Export Strategy.last_img read more

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Clarion Gaming announces new consolidated event iGB Live

first_imgShare StumbleUpon iGB Live postponed due to COVID concerns July 31, 2020 Kambi and DraftKings agree on final closure terms July 24, 2020 Submit Kambi takes control of Churchill Downs BetAmerica sportsbook August 28, 2020 Share Related Articles Clarion Gaming has announced that the iGaming Super Show, EiG, and the Amsterdam Affiliate Conference will come together for a new consolidated event, iGB Live. The creation of iGB Live is part of the commitment made by Clarion to streamline the events calendar and provide stakeholders with the opportunity to engage across the entire iGaming space at a single event.Event Director, Shona ODonnell, who brought the iGaming Super Show to market eight years ago said: “Our pledge is to deliver a global events, knowledge and training strategy to what is a global industry. This involves exploring how we can deploy the power and influence of our brands to best effect on behalf of our customers.“From speaking with the market we know how much importance it places on reducing the volume of business events currently on the calendar but at the same time raising standards and improving ROI. The iGaming Super Show, EiG and the Amsterdam Affiliate Conference will retain their individual personalities, identity and vision that have made them three of the best known and respected brands in gaming. “This strategic move will enhance the value and appeal of attending what will be the biggest dedicated iGaming exhibition and conference for the industry and one which is guaranteed to meet stakeholder needs from a networking, education and business perspective.”She added: “The feedback to iGB Live from all sectors of the business – affiliates, operators, suppliers and regulators – has been extremely positive: our job now is to get on with the important business of delivering best value to our customers courtesy of a clearly considered and joined up strategy.  I am extremely passionate about the future of the brand and excited about overseeing its development. I want to take this opportunity to thank everyone that has supported our events over the years and look forward to discussing the developments with them all at EiG where I will be available to discuss and take feedback.”Tom Light, Vice President of Business Development at SBTech said: “EiG and the iGaming Super Show have been high quality events for many years and bringing them together under one roof will enable delegates and sponsors to meet even more key players in the affiliate and B2B space. SBTech is delighted to support and sponsor the event and make it even more of a must-attend for everyone in the igaming sector.”The first iGB Live, incorporating the iGaming Super Show, EIG and the Amsterdam Affiliate Conference, will take place 17 – 20 July 2018 at The Amsterdam, RAI.last_img read more

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Carlos Carrasco injury update: Indians pitcher exits with sore knee, will have MRI

first_imgMORE: Watch ‘ChangeUp,’ a new MLB live whiparound show on DAZNAn update on Carrasco’s status has yet to be announced.Indians announce Carlos Carrasco was removed due to left knee discomfort— Ryan Lewis (@ByRyanLewis) April 23, 2019Indians manager Terry Francona confirmed Carrasco was taken for a precautionary MRI with the hope that the injury isn’t serious. “He kind of bruised it. He fell on it, but he initially felt it in the back,” Francona said after the game, via ESPN. “So that’s why the medical people felt like let’s just rule everything out. Hopefully it’s just being precautionary, but we do want to get him checked out.”Carrasco, 32, struck out four batters before exiting the game and being replaced by reliever Neil Ramirez.The 2017 AL wins leader is 2-2 with a 6.00 ERA this season. Carlos Carrasco could be in jeopardy of missing some playing time.The Indians pitcher was pulled from Tuesday’s 3-1 loss to the Marlins after four innings with what the team called left knee discomfort.last_img read more

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