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The industry’s obsession with single-basin studies isn’t just limiting our understanding, it might be actively misleading us about what drives production. Models that confidently predict outcomes based on completely wrong assumptions about what actually matters. The result? On the surface, this makes no sense.
Operators increasingly turn to emerging basins both domestically and internationally, yet production forecasting in these frontier areas remains severely constrained by limited well control and production history. This blog post is based on the technical paper “Can Transfer Learning Be Used to Forecast Production in Frontier Basins?
In addition to the primary Ahpun Topset target, Dubhe-1 will test three additional zones and may undergo a lateral completion and long-term flow test to confirm oil deliverability and gas quality. Pantheon says oil remains the key value driver, while associated gas could support financing through Alaska LNG Phase 1.
Visitors to Booth #2927 were immediately drawn to the Novi Data Network, particularly excited about our new completions data and proprietary petrophysics capabilities. Despite, or perhaps because of, this backdrop, there was notable interest in emerging basins beyond the Permian. A Case Study from the Powder River Basin D.
Key cost drivers include: Transport distance: There is a relatively linear relationship between travel distance and cost. This procedure has been used once on CCS licenses, specifically for the HontomÃn Pilot Project, which took about eight years to complete. McKinsey analysis. Mtpa of CO 2 storage.
As 2025 enters its second half, ExxonMobil stands at a critical juncture—leveraging its scale, technology, and capital discipline to drive upstream growth, especially in the Permian Basin. From advanced fracking to record production, here are the top 5 strategic priorities that will shape ExxonMobil’s momentum through year-end.
From the Permian Basin to the Gulf Coast, companies are pushing the boundaries of efficiency, reliability, and environmental responsibility. This regulatory push is a powerful driver for more advanced and highly efficient conditioning technologies. The energy sector is in a state of constant, dynamic evolution.
With a strong footprint in the Delaware Basin and a management team unafraid to act decisively, the remainder of 2025 looks poised to deliver focused growth. Efficiency gains are a major driver here: Drilling & Completion costs: $750/ft (–8% YoY) Cash costs per boe: –4% QoQ Q1 2025 Free Cash Flow: A record-breaking $460 million 4.
CEO Ryan Lance has highlighted AI as a major new demand driver. It’s forming a joint venture with a hyperscaler and a power producer to build a large gas-fired plant in the Permian Basin, using its own gas. Diamondback Energy: The Permian’s First Mover Diamondback is one of the few shale operators already deep into a BTM project.
The Permian Basin continues to be a driving force behind U.S. Heres a breakdown of what was said about the companys investments and outlook for the basin. Heres a breakdown of what was said about the companys investments and outlook for the basin. oil and gas production, and ONEOK Inc. Bcf/d in 2025.
What about varying completions alongside spacing? Examining the relationship between oil production and proppant , we see both the Delaware Basin (Figure 1) and Midland Basin (Figure 2) showing a production increase with proppant intensity. Figure 3: Spacing and production in the Delaware Basin. How dense is too dense?
20 it completed its new Greenwood II plant in Midland Basin (275 million cfd) and its new Train 10 fractionator in Mont Belvieu (120,000 b/d). Also Targa recently commenced operations of its Bull Moose plant (275 million cfd) and front-end treater (800 million cfd) in Delaware Basin. Targa said Feb. billion to $2.8
While liquid yields will vary across the field area and in time as the reservoir pressure drops during field production, the overall elevated liquid yields are expected to be a significant driver of enhanced project economics. With the publication of this announcement, this information is now considered to be in the public domain.
In addition, the Company also provides initial results related to hydrocarbon production in the first quarter of 2025 (“Q1”)from its non-operated asset portfolio in theWilliston Basin,North DakotaandMontana,U.S.(the The internal technical evaluation of this well is now largely complete, prior to further review by a third party.
Now, as we step into 2025 , the industry faces critical questions : Which basins will see the most growth? oil & gas basins , the leading companies , and market trends using the latest data and forecasts. In 2024, Ecopetrol invested $880 million into drilling new wells, with 91 wells planned for completion in 2025.
upstream growth, driven by advantaged assets like the Permian Basin, is central to the companys long-term performance. ExxonMobils first-quarter 2025 results reveal a clear narrative: U.S. Upstream Results: Permian Power ExxonMobils U.S. upstream earnings jumped to $1.87 billion in Q1 2025 , a sharp increase from $1.05 billion in Q1 2024.
What Devon Said About Drilling, Rigs, and Completions Devons capital activity in the first quarter averaged 23 operated drilling rigs and 6 completion crews… 136 gross operated wells were placed online, with an average lateral length of 10,700 feet. per Boe, total production cost at $12.42
The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.
As a whole, the oil patch is a tight-knit community, especially in the Permian Basin, where almost everyone is in the business one way or another. Now hes looking to add more trucks and drivers to a growing fleet. The post Welded Together appeared first on Permian Basin Oil and Gas Magazine. Rodriguez answered.
poised to expand LNG export capacity , interest in gassy basins has surged. Improved horizontal drilling, well completions, and analytics are helping operators unlock the Chalks complex geology. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S.
poised to expand LNG export capacity , interest in gassy basins has surged. Improved horizontal drilling, well completions, and analytics are helping operators unlock the Chalks complex geology. Natural Gas in Focus: South Texas Eyes the Next Wave With global gas prices gaining momentum and the U.S. According to the U.S.
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