OPERATIONS

Lingo-less Drillsearch excites Edison

NEAR-TERM oil cash flow generation, a multitude of wet gas opportunities and unconventional upside has Edison excited about Drillsearch, despite overall industry activity slowing and persistently low sentiment.

Thanks in part to hedging, Drillsearch generates a strong margin on production, realising a price of $97.20/barrel for the year and, as of June 30, had $131.1 million in cash and $40 million of undrawn...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
MORE ON THIS TOPIC

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry