Saturday, May 30, 2026
Russia

Gazprom is the First Russian Company to Frac a Horizontal Well Start to Finish

Gazprom Neft completes nine-stage frac job in the Bazhenov formation, but is the formation economic? The oil production arm of Russia’s state-run gas giant Gazprom (ticker: OGZPY) announced this week that the company completed a nine-stage horizontal well in the Bazhenov formation in Western Siberia. Gazprom Neft (ticker: GZPFY), as the oil arm is known, said it is the first