Current OGZPY Stock Info

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 Russian company to apply the full cycle of technology involved to complete a hydraulically fractured well.

Though small compared to unconventional wells in the U.S., Ga...

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