Remove Abandonment Remove Basin Remove Field
article thumbnail

Count It a Successful Session

Permian Basin Oil and Gas Magazine

Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. The headquarters will be positioned in the Permian Basin but will be responsible for investigations statewide.

IT 59
article thumbnail

U.S. shale producers unlikely to boost drilling despite Trump’s call

Oil & Gas 360º

million barrels a day, more than Saudi Arabia and Iran combined, and companies in its shale basins have a unique ability to ramp up output quickly — within about 6 to 9 months — with the right oil-price incentive. West Texas Intermediate declined 4% at 12:47 p.m. in New York to $71.92 a barrel, after an earlier rally faded. produces about 13.4

Basin 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Taking Carbon Captive

Permian Basin Oil and Gas Magazine

This report will address some legal issues, a current CCUS project near Odessa, new technology to economically repurpose abandoned wells and formations, and a digital approach to unitizing and managing CCUS data, also with streamlining in mind. Seen here are two 14 Oil States Enform formConnect assemblies on their way to the field.

Casing 59
article thumbnail

BP and Chevron Hit Oil in Deepwater Gulf of America

Rextag

The Far South discovery lies just 4 miles north of BPs Constellation field, a testament to the basins dense network of prospects and infrastructure. While the company isnt abandoning low-carbon entirely, its focus has realigned around profitability, upstream growth, and capital efficiency.

Oil 52
article thumbnail

Improving Plugging and Abandonment Procedures

Permian Basin Oil and Gas Magazine

How Abandoned Wells Hurt the Oil and Gas Industrys Image One of the most visible and negative images involves plugged wells that are leaking and flowing. A recent SMU study revealed a connection between rising pressures in saltwater disposal (SWD) injection formations and leaks/releases in abandoned wells. As of 2022, the U.S.

article thumbnail

Eighty-Ninth Texas Legislature: One Month Countdown

Permian Basin Oil and Gas Magazine

Industry-Related Issues From the start of the 140-day session, the overall goal of the Permian Basin Petroleum Association (PBPA) has been to support legislation that promotes the safe and responsible development of the natural resources found in the Permian Basin, said PBPA Executive Vice President Stephen Robertson.

Basin 52