Shell Confirms Gas Discovery in the Southern North Sea Selene Well

Zacks11-09

Shell plc SHEL, in association with Deltic Energy and Dana Petroleum, has confirmed the discovery of good-quality gas at the Selene prospect in the U.K. Southern North Sea. The gas discovery, which is...

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The gas discovery, which is...</p>\n\n<a href=\"https://finance.yahoo.com/news/shell-confirms-gas-discovery-southern-195200821.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shell Confirms Gas Discovery in the Southern North Sea Selene Well</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShell Confirms Gas Discovery in the Southern North Sea Selene Well\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-09 03:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/shell-confirms-gas-discovery-southern-195200821.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shell plc SHEL, in association with Deltic Energy and Dana Petroleum, has confirmed the discovery of good-quality gas at the Selene prospect in the U.K. Southern North Sea. The gas discovery, which is...</p>\n\n<a href=\"https://finance.yahoo.com/news/shell-confirms-gas-discovery-southern-195200821.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1162221912.USD","symbol_name":"FRANKLIN INCOME \"A\" (USD) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/shell-confirms-gas-discovery-southern-195200821.html","article_id":"2482451303","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/dVQlIQsnfSCvCo7iWSRkhw--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/e74bb4b4d4e1f023b767002b0d956afd"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482451303","pubTimestamp":1731095520,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shell plcSHEL, in association with Deltic Energy and Dana Petroleum, has confirmed the discovery of good-quality gas at the Selene prospect in the U.K. Southern North Sea. The gas discovery, which is in its initial stages, hints at promising dry gas reserves that will contribute to the regional energy supply.Recently, the SHEL operated 48/8b-3Z discovery well, which is part of the P2437 license area, reached a total depth of 3,540 meters and discovered a 160-meter-thick section of Leman Sandstone, confirming the presence of gas within the sandstone. Subsequent wireline logging and fluid sampling verified the presence of a live gas column above the gas-water contact in the key B-Sand section. The updated post-discovery map indicates a gas column height of about 100 meters with high-quality dry gas, comparable to the quality of the nearby gas fields.The well readings verified that the gas reserves in the B-Sand section were at higher levels than the pre-drill predictions. The B-Sand sect","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4179":"石油天然气设备与服务","SHEL":"SHELL PLC SPON ADS EACH REPR 2 ORD SHS","LU0278409577.USD":"MANULIFE GLOBAL FUND-GLOBAL RESOURCES FUND \"AA\" (USD) INC","LU0300736062.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) ACC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","SO":"美国南方公司","AROC":"Archrock, Inc","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","IE00BMG7P587.USD":"LEGG MASON CLEARBRIDGE GLOBAL INFRASTRUCTURE INCOM \"A\" (USD) INC","BK4201":"综合性石油与天然气企业","BK4213":"石油与天然气的勘探与生产","IE00BMG7P926.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Acc USD","KOS":"Kosmos Energy","TALO":"Talos Energy, Inc.","BK4585":"ETF&股票定投概念","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","IE00BMG7P819.SGD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis SGD-H Plus","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","BK4081":"电力公用事业","IE00BMG7P694.USD":"Legg Mason ClearBridge - Global Infrastructure Income A Mdis USD Plus","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","BK4588":"碎股"},"translate_title":"壳牌确认在北海南部Selene井发现天然气","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SO":1,"SHEL":1,"KOS":1,"AROC":1,"TALO":0.9},"content_text":"Shell plc SHEL, in association with Deltic Energy and Dana Petroleum, has confirmed the discovery of good-quality gas at the Selene prospect in the U.K. Southern North Sea. The gas discovery, which is in its initial stages, hints at promising dry gas reserves that will contribute to the regional energy supply.\nSHEL’s Gas Discovery Insights\nRecently, the SHEL operated 48/8b-3Z discovery well, which is part of the P2437 license area, reached a total depth of 3,540 meters and discovered a 160-meter-thick section of Leman Sandstone, confirming the presence of gas within the sandstone. Subsequent wireline logging and fluid sampling verified the presence of a live gas column above the gas-water contact in the key B-Sand section. The updated post-discovery map indicates a gas column height of about 100 meters with high-quality dry gas, comparable to the quality of the nearby gas fields.\nThe well readings verified that the gas reserves in the B-Sand section were at higher levels than the pre-drill predictions. The B-Sand section discovered in the well also had a higher-than-predicted thickness and porosity level.\nSHEL’s Plans to Develop Gas Discovery\nSHEL, the operator of the Selene prospect holding a 50% stake, plans to demobilize the rig by the end of next week, which will be followed by an in-depth study of core samples, fluid samples and pressure data to improve their geological and volumetric models. The data collected from the study will be used to chalk out a cost-effective and higher-yielding development plan.\nBased on the initial information, Dana Petroleum and Deltic Energy (holding a 25% stake each) have created a volumetric model to estimate that Selene contains gross P50 recoverable resources of 131 billion cubic feet (bcf). The company also confirmed that the majority of the discovered resources are concentrated at the B-Sand section, which will support a simpler and cheaper development option, increasing the gas production per well.\nSHEL’s Zacks Rank & Key Picks\nLondon-based Shell is one of the primary oil supermajors — a group of the U.S. and Europe-based big energy multinationals with operations that span almost every corner of the globe. Currently, SHEL has a Zacks Rank #3 (Hold).\nInvestors interested in the energy sector might look at some better-ranked stocks like Archrock, Inc. AROC, Kosmos Energy Ltd. KOS and Talos Energy Inc. TALO. Archrock currently sports a Zacks Rank #1 (Strong Buy), and Kosmos Energy and Talos Energy each carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nArchrock is a provider of natural gas contract compression services and a supplier of aftermarket services of compression equipment. The Zacks Consensus Estimate for AROC’s 2024 earnings indicates 59.42% year-over-year growth.\nHamilton-based Kosmos Energy operates as an oil and gas exploration and production company focused on underexplored regions in Africa. KOS’s expected EPS (earnings per share) growth rate for the next five years is 17.50%, which aligns favorably with the same industry growth rate.\nTalos Energy engages in exploration, development and production of oil and natural gas properties. TALO’s expected EPS growth rate for the next quarter is 600%, which compares favorably with the industry's loss of 39.58%.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nKosmos Energy Ltd. (KOS) : Free Stock Analysis Report\nArchrock, Inc. (AROC) : Free Stock Analysis Report\nTalos Energy Inc. (TALO) : Free Stock Analysis Report\nShell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482451303"}