The acquisition, made through the Maroon Bells Fund, includes producing wells and drilling locations, promising sustained cash flow and development potential.
OPEC+ could bring back 2.2 million barrels daily in supply by November this year in an apparent acceleration of the rollback of its production cuts, per a Reuters report citing unnamed sources from the cartel.
Curious Minds Corner
How deep does the deepest oil well go?
The Z-44 Chayvo well (Sakhalin-1 project, Russia) reached a record measured depth of 12,376 meters (over 7.7 miles).