The ongoing U.S.–Israel war on Iran has led to increased activity in drilled-but-uncompleted (DUC) wells as operators seek to capitalize on rising prices. Repsol plans to invest €2.9–3.4 billion in U.S. upstream projects through 2028, targeting a 25–30% increase in volumes. Additionally, IOG Resources III has launched a joint venture to drill 18 wells in the Powder River Basin.
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