Chevron operates a 100% interest in the east area of the El Trapial Field for unconventional development and 100% in the El Trapial’s conventional waterflood field. Chevron holds a 50% non-operated ...
Around him were wells producing oil by the waterflood method, in which oil is recovered by pumping water into the ground, thus increasing the underground pressure and forcing oil up the well.
Surge disposed of the Non-Core Assets on the Closing for cash consideration of $9.5 million. Additionally, the purchaser has assumed all ARO pertaining to the Non-Core Assets. Estimated 2025 ...