Crude Oil (WTI)

Commodity

XD0015948363

Delayed OTC Data Services 20:01:31 2024-05-31 EDT			5-day change	1st Jan Change
77.04 ^USD	0.00%		-0.89%	+8.06%

05-31	Business Lookahead: Cool jobs at last	RE
05-31	Energy Shares Rise Ahead of OPEC Meet -- Energy Roundup	DJ

Arrow begins milestone horizontal drill programme at Ubaque formation

May 16, 2024 at 09:04 am

(Alliance News) - Arrow Exploration Corp on Thursday announced the commencement of drilling at the CNB HZ-1 well.

The Calgary, Canada-based oil exploration firm said the well at the Ubaque formation, in Colombia's Llabis Basin, will be drilled to a depth of 8,4000 feet and have a horizontal length of 1,800 feet.

After production begins in June, Arrow intends to drill a water disposal well and three horizontal wells towards the end of the year.

Chief Executive Officer Marshall Abbott said: "Spudding Arrow's first horizontal well at the CNB pad is a significant milestone...we determined that the Ubaque reservoir could be developed most efficiently using horizontal drilling technologies."

Arrow shares were down 4.5% to 20.29 pence each in London on Thursday afternoon.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
S&P GSCI PETROLEUM INDEX	285.6 PTS	-0.91%	-0.39%	-
S&P GSCI ENERGY INDEX	257.9 PTS	-0.85%	-0.93%	-
BRENT CRUDE OIL SPOT	81.28 USD	-0.76%	-0.23%	-
WTI	77.04 USD	0.00%	-0.89%	-
ARROW EXPLORATION CORP.	0.36 CAD	+2.86%	-1.37%	73.23M

Latest news about Crude Oil (WTI)

Business Lookahead: Cool jobs at last	05-31	RE
Energy Shares Rise Ahead of OPEC Meet -- Energy Roundup	05-31	DJ
News Highlights : Top Energy News of the Day - Friday at 4 PM ET	05-31	DJ
US Equities Markets Close Mixed Friday as Fed's Preferred Inflation Measure Meets Expectations	05-31	MT
Equities Mixed as Fed's Preferred Inflation Measure Meets Expectations	05-31	MT
Sector Update: Energy Stocks Gain Late Friday Afternoon	05-31	MT
ICE Review : Canola Under Pressure From Crude Oil, Farmer Selling	05-31	DJ
Weak US gasoline demand compounds pressure on oil ahead of OPEC+ meet	05-31	RE
Sector Update: Energy	05-31	MT
Oil Rig Count Falls by One This Week, Baker Hughes Says	05-31	MT
Canada Business Investment Bounces Back Despite Still Declining Profits in Q1	05-31	MT
WTI Crude Oil Closes Lower as U.S. Inflation Data Matches Expectations Ahead of Weekend OPEC+ Meeting	05-31	MT
July WTI Crude Oil Contract Closes Down US$0.92; Settles at US$76.99 per Barrel	05-31	MT
US oil producers maintain modest growth as OPEC+ eyes extended cuts	05-31	RE
US Equity Indexes Mixed After Fed's Preferred Inflation Data Meeting Market Expectations	05-31	MT
Canadian Natural Resources Ratings Confirmed by DBRS	05-31	MT
Buy EUR/USD, Target 1.1074, Says Spectra Markets' Brent Donnelly	05-31	MT
US drillers cuts most oil and gas rigs in a month since August - Baker Hughes	05-31	RE
The Week in Oil : Crude Under Pressure Ahead of Long-Awaited OPEC+ Meeting	05-31	DJ
France, Germany urge tougher EU checks on biofuel imports in fraud probe	05-31	RE
Nymex Overview : Futures Mixed Before OPEC Meeting; Products Eye Weekly Loss -- OPIS	05-31	DJ
Nordic Shares Moved Upward Friday; NEL Topped Leaders	05-31	DJ
CRUDE PRODUCTION IN TEXAS GREW 0.7% TO 5.6 MILLION BARRELS PER D…	05-31	RE
ICE Canola Midday : Prices Now Pulling Back	05-31	DJ
U.S. CRUDE FUTURES FALL BY $1 TO SESSION LOW OF $76.67 A BARREL…	05-31	RE