Hemisphere Energy Corp V.HME

Alternate Symbol(s): HMENF

Energy Oil & Gas E&P

Hemisphere Energy Corporation is a Canadian oil company. The Company is focused on conventional heavy oil assets through polymer flood enhanced recovery methods. Its principal business is the acquisition, exploration, development and production of petroleum and natural gas interests in Canada. It specializes in the development of conventional oil pools using polymer flood enhanced oil recovery to maximize production and oil recovery. Its oil assets are in southeast Alberta, Canada. Buffalo is its core area, located approximately 85 kilometers north of Medicine Hat. The property has three oil pools, both producing under Enhanced Oil Recovery (EOR) schemes, that are fully delineated by vertical wells and defined by three-dimensional (3D) seismic. Its wholly owned subsidiary is Hemi Energy Inc.

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Hemisphere Energy Corp

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Post by geezer21on Aug 29, 2024 11:53am

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Post# 36201301

Exxon Sees 15% Annual Production Drop

Irina Slav via Oilprice.com, 28 Aug '24

According to the supermajor, global oil production is facing a natural decline at a rate of some 15% annually over the next 25 years. For context, the IEA sees the rate of natural decline at 8% annually. Exxon points out, however, that the faster decline rate is a result of the shift towards shale and other unconventional oil production, where depletion happens faster than it does in conventional formations.

https://oilprice.com/Energy/Energy-General/Exxon-Joins-OPEC-in-Warning-of-Looming-Oil-Supply-Crisis.html

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