BP leader optimistic about U.S. onshore drilling opportunities

BP may have missed out on the heyday of America’s shale boom after its Deepwater Horizon oil spill in 2010, but David Lawler, CEO of the company's US Lower 48 Onshore business, says opportunities abound under millions of acres that BP has been sitting on for decades, according to Forbes. The magazine says BP’s Lower 48 portfolio includes 6 million acres, including a host of “largely untested” properties. Forbes also says BP’s initial drilling efforts on that land focused on vertical wells, but “advances in horizontal drilling have made it easier to zero in on ever thinner oil layers.” For more, read the full story.
 

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