Connection

popular articles

France: VALOREM and its partners finance an 18.9 MW wind farm in Lavausseau
India completes the sale of O2 Power to JSW Neo Energy for USD 1.5 billion
Massive power cuts in Gabon, SEEG rations electricity
Iran enriches 60% uranium under international oversight
EU forecasts historic drop in coal demand by 2025

Black Gold begins drilling at the Fritz 2-30 well in the Illinois Basin

Black Gold Exploration (BGX) has announced the start of drilling at the Fritz 2-30 well in Clay County, Indiana, after acquiring a 10% working interest in the project.

Please share:

The drilling of the Fritz 2-30 well in the Illinois Basin has officially begun. Black Gold Exploration (BGX) announced on February 20, 2025, that the operations have started in Clay County, Indiana. BGX recently acquired a 10% working interest in this well, along with an option to participate in future developmental wells on a 210-acre area, in collaboration with operator Adler Energy, LLC.

The Fritz 2-30 well: a strategic project

The Fritz 2-30 well is located in an area that has already been explored, close to the Fritz 1 well, drilled almost 17 years ago. The Fritz 1 well identified both oil and gas pay horizons, but production was not initiated due to a drop in oil prices at that time. The Fritz 2-30 well is situated in the productive Terra Haute Reef Bank zone in southwestern Indiana, a region known for its hydrocarbon potential.

Advanced seismic evaluation for targeted exploration

The 3D seismic data over an 8 square mile area, gathered by Adler Energy, revealed oil pay horizons at varying depths. The Fritz 2-30 well is set to test a minimum of ten potential oil pay zones, including deep fractures visible in the seismic data, which could indicate migratory oil pathways into highly porous zones. Among the geological formations targeted are the Devonian, Trenton, St. Peter Sand, Black River, and Knox, all showing closures exceeding 100 feet, which may support large oil reservoirs.

The production potential of the Illinois Basin

The Illinois Basin, where the Fritz 2-30 well is located, has historically been an important oil-producing region, with annual yields ranging from 10 to 12 million barrels. Experts believe that the combination of this area’s potential and advanced drilling technology could provide BGX with opportunities for rapid production and short-term cash flow.

A long-term expansion strategy

Francisco Gulisano, CEO of BGX, emphasized the strategic importance of this project for the company, which plans to expand its footprint in the Illinois Basin in the long term. This drilling represents one of the most significant milestones for BGX as it seeks growth and profitability in the oil exploration sector in this region.

Register free of charge for uninterrupted access.

Publicite

Latest news

Record-breaking 1.7 GW of US Community Solar Installed in 2024
Launch of the 100 MW Bramley Energy Storage Project in the UK
Hyvia, Renault’s hydrogen joint venture, placed in liquidation
Growth of the Lithium-Ion Battery Recycling Market: A Report from Deloitte and CAS Analyzes Key Trends
Orano envisages a long and uncertain restart for its uranium mine in Niger

Recently published in

Aramco acquires 25% of Unioil to Expand Its Retail Network in the Philippines

Aramco strengthens its presence in the Philippine fuel market by acquiring 25% of Unioil, with the intent to expand its network of service stations and offer its refined products and Valvoline lubricants across the country.
Angola: New Prospective Studies on Oil Blocks 17 and 32 to Maintain Production
Angola initiates new prospective studies on oil blocks 17/O6 and 32/21, aiming to identify drilling targets and avoid a prolonged decline in oil production.
en_1140290958540-13
Angola: New Prospective Studies on Oil Blocks 17 and 32 to Maintain Production
Angola initiates new prospective studies on oil blocks 17/O6 and 32/21, aiming to identify drilling targets and avoid a prolonged decline in oil production.
en_1140290958540-13
Putin Asks Kazakhstan’s Partners to Fund CPC Pipeline Repairs After Drone Attack
A drone attack on the Caspian Pipeline Consortium (CPC) threatens to disrupt Kazakhstan's oil exports. Vladimir Putin urges foreign partners, including Chevron, to fund the necessary repairs.
en_1140290943540-13
Putin Asks Kazakhstan’s Partners to Fund CPC Pipeline Repairs After Drone Attack
A drone attack on the Caspian Pipeline Consortium (CPC) threatens to disrupt Kazakhstan's oil exports. Vladimir Putin urges foreign partners, including Chevron, to fund the necessary repairs.
en_1140290943540-13
Glencore Posts Loss in 2024 and Considers Changing Stock Exchange
Glencore announces a financial loss in 2024, attributed to a drop in demand and fluctuations in commodity prices, while considering a stock exchange move to strengthen its strategic position.
en_1140290947540-12
Glencore Posts Loss in 2024 and Considers Changing Stock Exchange
Glencore announces a financial loss in 2024, attributed to a drop in demand and fluctuations in commodity prices, while considering a stock exchange move to strengthen its strategic position.
en_1140290947540-12

Rhino Resources discovers oil reserves in Namibia’s offshore

Three months after expressing its oil ambitions in Namibia, Rhino Resources announced the discovery of reserves on block 2914 in the Orange offshore basin, a strategic development for the company.
Brazil Joins OPEC Charter and Positions Itself on the Global Energy Market
Brazil has officially joined the OPEC Charter, strengthening its position in the global energy sector while consolidating its place among influential producers.
en_1140290956540-12
Brazil Joins OPEC Charter and Positions Itself on the Global Energy Market
Brazil has officially joined the OPEC Charter, strengthening its position in the global energy sector while consolidating its place among influential producers.
en_1140290956540-12
Woodside revises upward the oil reserves of the Sangomar field
Woodside Energy has reassessed the reserves of the offshore Sangomar oil field in Senegal, adding 16.2 million barrels of oil equivalent to the proven reserves. This update supports production stability and strengthens the supply to the national refinery.
en_1140290953540-11
Woodside revises upward the oil reserves of the Sangomar field
Woodside Energy has reassessed the reserves of the offshore Sangomar oil field in Senegal, adding 16.2 million barrels of oil equivalent to the proven reserves. This update supports production stability and strengthens the supply to the national refinery.
en_1140290953540-11
Kazakhstan and Hungary Agree on Oil Exports via Druzhba Pipeline
An agreement was signed in February 2025 between Kazakhstan and Hungary to enhance oil exports from Kazakhstan via the Druzhba pipeline. This development could change the energy dynamics in Central Europe.
en_1140290952540-11
Kazakhstan and Hungary Agree on Oil Exports via Druzhba Pipeline
An agreement was signed in February 2025 between Kazakhstan and Hungary to enhance oil exports from Kazakhstan via the Druzhba pipeline. This development could change the energy dynamics in Central Europe.
en_1140290952540-11

Yemen’s Oil Minister Urges Iran to Halt Houthi Support as the Country Eyes Gas Exports Again

Yemen's Oil Minister, Saeed Suleiman al-Shamasi, recently urged Iran to stop supporting Houthi rebels, as the war-torn country seeks to revive its natural gas exports. This plea was made amid a dire energy crisis and a deteriorating geopolitical situation.
Iraq Prepares to Resume Kurdish Oil Exports via Turkey
Baghdad announces an agreement with Erbil to restart the export of 300,000 barrels per day via the Turkish port of Ceyhan. A government delegation will travel to Iraqi Kurdistan to finalize the export mechanism after two years of suspension.
en_1140290982540-2
Iraq Prepares to Resume Kurdish Oil Exports via Turkey
Baghdad announces an agreement with Erbil to restart the export of 300,000 barrels per day via the Turkish port of Ceyhan. A government delegation will travel to Iraqi Kurdistan to finalize the export mechanism after two years of suspension.
en_1140290982540-2
Congo: The Fouta Refinery Set to Be Operational by the End of 2025
Congo is set to inaugurate its second oil refinery by the end of the year. Located in Fouta, this facility, developed by Beijing Fortune Dingheng Investment, aims to reduce refined product imports and strengthen the country's energy independence.
en_1140290990540
Congo: The Fouta Refinery Set to Be Operational by the End of 2025
Congo is set to inaugurate its second oil refinery by the end of the year. Located in Fouta, this facility, developed by Beijing Fortune Dingheng Investment, aims to reduce refined product imports and strengthen the country's energy independence.
en_1140290990540
CNOOC starts production of the Buzios7 project off the coast of Brazil
The Buzios7 project, located in the Santos Basin, has officially begun production. With advanced processing capacity, it contributes to the goal of one million barrels per day for one of the world's largest deepwater oil fields.
en_1140290988540
CNOOC starts production of the Buzios7 project off the coast of Brazil
The Buzios7 project, located in the Santos Basin, has officially begun production. With advanced processing capacity, it contributes to the goal of one million barrels per day for one of the world's largest deepwater oil fields.
en_1140290988540

Global Oil Demand to Rise Sharply in 2025, Says IEA

The International Energy Agency (IEA) forecasts an increase of 1.1 million barrels per day (mb/d) in 2025, driven by consumption in non-OECD countries. Global production is expected to follow an upward trend despite recent declines and market tensions.
Senegal launches oil refining with 90,000 tons produced
The Société Africaine de Raffinage (SAR) has announced that it has processed domestically extracted crude oil for the first time. This industrial milestone marks a strategic step in the local valorization of the country's energy resources.
en_1140290974540
Senegal launches oil refining with 90,000 tons produced
The Société Africaine de Raffinage (SAR) has announced that it has processed domestically extracted crude oil for the first time. This industrial milestone marks a strategic step in the local valorization of the country's energy resources.
en_1140290974540
Unexpected Increase in U.S. Oil Stocks: +4.1 Million Barrels
U.S. oil stocks increased by 4.1 million barrels last week, surpassing analysts' expectations, according to data from the U.S. Energy Information Administration (EIA).
en_1140290955540-10
Unexpected Increase in U.S. Oil Stocks: +4.1 Million Barrels
U.S. oil stocks increased by 4.1 million barrels last week, surpassing analysts' expectations, according to data from the U.S. Energy Information Administration (EIA).
en_1140290955540-10
OPEC Forecasts Oil Demand Increase in 2025, Driven by Transportation
OPEC anticipates a global consumption of 105.1 million barrels per day in 2025, driven by growth in transportation, particularly air and road traffic, with continuous growth expected until 2026.
en_1140290943540-11
OPEC Forecasts Oil Demand Increase in 2025, Driven by Transportation
OPEC anticipates a global consumption of 105.1 million barrels per day in 2025, driven by growth in transportation, particularly air and road traffic, with continuous growth expected until 2026.
en_1140290943540-11

Chevron Plans to Cut 15% to 20% of Its Workforce by 2026

Chevron announces a cost-cutting plan of $2 to $3 billion, resulting in the reduction of 15% to 20% of its workforce by 2026, aiming to simplify its organization and strengthen its long-term competitiveness.
Manuel Valls proposes opening the debate on oil exploitation in Guyana
Manuel Valls calls for a debate on banning oil exploitation in Guyana, while Minister of Ecological Transition, Agnès Pannier-Runacher, opposes, emphasizing the consistency of France's environmental commitments.
en_1140290947540-10
Manuel Valls proposes opening the debate on oil exploitation in Guyana
Manuel Valls calls for a debate on banning oil exploitation in Guyana, while Minister of Ecological Transition, Agnès Pannier-Runacher, opposes, emphasizing the consistency of France's environmental commitments.
en_1140290947540-10
BPCL secures a strategic contract with Petrobras for Brazilian crude oil imports
Bharat Petroleum Corporation Limited (BPCL) has signed a major agreement with Petróleo Brasileiro S.A. (Petrobras) for the import of Brazilian crude oil, strengthening India's energy supply diversification and reinforcing trade relations between the two nations.
en_1140290958540-9
BPCL secures a strategic contract with Petrobras for Brazilian crude oil imports
Bharat Petroleum Corporation Limited (BPCL) has signed a major agreement with Petróleo Brasileiro S.A. (Petrobras) for the import of Brazilian crude oil, strengthening India's energy supply diversification and reinforcing trade relations between the two nations.
en_1140290958540-9
Petro-Victory acquires 13 oil fields in Brazil for USD 15 million
Petro-Victory Energy Corp. and Azevedo & Travassos Petroleo announce the joint acquisition of 13 onshore oil fields in Brazil. The USD 15 million deal aims to increase production and strengthen their presence in the Potiguar Basin.
en_1140290951540-9
Petro-Victory acquires 13 oil fields in Brazil for USD 15 million
Petro-Victory Energy Corp. and Azevedo & Travassos Petroleo announce the joint acquisition of 13 onshore oil fields in Brazil. The USD 15 million deal aims to increase production and strengthen their presence in the Potiguar Basin.
en_1140290951540-9

Equinor shifts its strategy towards oil and gas in Africa

Norwegian group Equinor plans to increase its oil and gas production by more than 10% by 2027. Facing economic constraints, the company is halving its investments in renewable energy and strengthening its presence in Africa, particularly in Tanzania.
Equatorial Guinea: A New Oil and Gas Licensing Round to Revive the Sector
Facing a decline in oil production, Equatorial Guinea is preparing to launch a new cycle of oil and gas license allocations. This initiative aims to attract investors to boost exploration and stabilize the hydrocarbon industry in a challenging economic context.
en_1140290954540-8
Equatorial Guinea: A New Oil and Gas Licensing Round to Revive the Sector
Facing a decline in oil production, Equatorial Guinea is preparing to launch a new cycle of oil and gas license allocations. This initiative aims to attract investors to boost exploration and stabilize the hydrocarbon industry in a challenging economic context.
en_1140290954540-8
Dangote Refinery Nears Full Capacity Despite Supply Challenges
Dangote Refinery, Africa’s largest, could reach its full potential of 650,000 barrels per day within 30 days. Currently operating at 85% capacity, it faces crude oil supply challenges despite pressure from Nigeria’s regulatory authorities.
en_1140290945540-8
Dangote Refinery Nears Full Capacity Despite Supply Challenges
Dangote Refinery, Africa’s largest, could reach its full potential of 650,000 barrels per day within 30 days. Currently operating at 85% capacity, it faces crude oil supply challenges despite pressure from Nigeria’s regulatory authorities.
en_1140290945540-8
Dispute Over Corentyne Block: CGX and Frontera Challenge Guyana’s Decision
The government of Guyana is questioning the validity of the Corentyne Block exploration license held by CGX Energy and Frontera Energy. Facing this situation, the consortium is assessing its legal options to defend its interests in this strategic offshore zone.
en_1140290953540-8
Dispute Over Corentyne Block: CGX and Frontera Challenge Guyana’s Decision
The government of Guyana is questioning the validity of the Corentyne Block exploration license held by CGX Energy and Frontera Energy. Facing this situation, the consortium is assessing its legal options to defend its interests in this strategic offshore zone.
en_1140290953540-8

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS