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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?
A comprehensive study utilizing advanced additive modeling techniques across 23,000 horizontal wells from the Delaware and Midland Basins provides unprecedented insights into formation-specific well spacing optimization strategies. and formations with lower clay content below 15%.
New well permit activity in the Permian Basin is showing signs of a notable pullback in 2025. Permian Resources Minor activity reduction; fewer well completions planned due to capex discipline. EOG Resources Pulling back slightly: ~25 fewer wells planned in 2025 ( –15 Delaware, –10 Eagle Ford ); suggests minor rig utilization drop.
With the Permian Basin at the heart of its strategy, APA continues to evolve in response to shifting commodity markets and investor demands for returns over volume. Permian-Focused Capital Discipline and Efficiency APA is doubling down on capital efficiency in the Permian Basin, which now accounts for over 75% of its adjusted production.
Following strong strategic moves in the first half of the year, including acquisitions and technological innovation, here are the top five focus areas that will define Coterra’s direction through the rest of 2025: Permian Basin Account Directory = $10 Buy Now Includes: Account Name. Integration of Delaware Basin Acquisitions The company’s $3.95
With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.
This unavoidable CO 2 generation makes these industries prime candidates for carbon capture, utilization, and storage (CCUS), 5 The term carbon capture and storage (CCS) is sometimes used if there are no plans for utilization of the captured carbon. which can help reduce CO 2 emissions that are not addressable by other means.
(NYSE: LBRT) delivered a strong second quarter performance in 2025, highlighting its ability to outperform in a softening completions market while pushing forward with game-changing technology and infrastructure initiatives. From frac innovation to hybrid microgrids, Liberty is reshaping what an oilfield services company can be.
Its role as an anchor tenant in the Bakken ensures basin-wide stability and investor confidence. It was a pioneer in the play and continues to dominate in scale and infrastructure. Oil & Gas Account Directory Saskatchewan Light Oil Operator List Western Canada Heavy Oil Operator List St.
While some experts expect a short conflict and easing prices, others warn a complete shutdown of the strait could send oil prices soaring to $120-$130 per barrel, hurting global consumers. Read more Democrats, Independents cool on solar and wind energy, poll says Summary : An AP-NORC poll shows U.S.
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. Optimize Infrastructure Utilization The Wink to Webster crude oil pipeline—operated by ExxonMobil—continues running near full capacity (~1.35
With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world.
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.
The Wink to Webster Pipeline , operated by ExxonMobil , is one of the most critical crude oil transportation systems in North America, linking the prolific Permian Basin to key Gulf Coast refining and export hubs. Spanning over 640 miles with a 1.5 miles Current Permitted Mileage (2024): 521.71 miles Current Permitted Mileage (2024): 521.71
Image by Andrii Tokarchuk via iStock EnQuest PLC said it has completed the acquisition of Harbour Energy’s business in Vietnam, which holds a 53.125 percent equity interest in the Chim Sáo and Dua production fields (Block 12W). miles (400 kilometers) southwest of Vung Tau, Vietnam. The headline value of the transaction is $85.1
Their work involves a combination of exploration, development, and operational support, utilizing advanced geophysical and geological techniques. Collaborate with multidisciplinary teams, including engineers, geophysicists, and land professionals, to make data-driven drilling and completion decisions.
Phase II: The Path Forward Buoyed by early success and strong customer uptake, Trinity is moving into Phase II , with completion targeted for Q2 2026. Demand from utilities, power generators, producers, marketers, and LNG players has driven momentum for expanded capacity and higher deliverability.
These regulatory inconsistencies create a patchwork of data quality that may significantly impact the reliability of basin-wide or national-scale analyses that depend on public production records. Comparison of machine learning-predicted 1-year water cut and privately verified water cut for Midland Basin tight oil wells.
(Nasdaq: PROP) (the Company or Prairie) an independent energy company engaged in the development and acquisition of oil and natural gas resources in the Denver-Julesburg (DJ) Basin today announced it is beginning completions of nine previously drilled but uncompleted (DUC) wells acquired in the recent Bayswater transaction.
(NYSE American: REI) (Ring or the Company) announced that it has completed its previously-announced acquisition (the Transaction) of the Central Basin Platform (CBP) assets of Lime Rock Resources IV, LP (Lime Rock) on March 31, 2025. Ring Energy, Inc. For additional information, please visit www.ringenergy.com.
Devon Energys fourth quarter 2024 earnings call provided critical insights into the companys ambitious plans for the Delaware Basin, one of its crown jewel assets. Delaware Basin Overview The Delaware Basin continues to be the cornerstone of Devons oil and gas portfolio.
One of the most innovative approaches Coterra is utilizing is its ‘row developments’ strategy , particularly in the Permian Basin. Coterra’s operations in the Permian Basin leverage their highly contiguous acreage position to implement sizable and highly efficient projects known as row developments.
As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.
H&P drilling has completed 709 wells year-to-date, with the highest activity in Texas (404 wells) and New Mexico (177 wells). Most Active Rigs H&P 329, H&P 519, and H&P 313 lead in total wells drilled, showing high utilization of these rigs. XTO Energy Inc. leads with 128 wells drilled, followed by OXY USA Inc. (62)
The first well was spud on April 1, 2025, utilizing Precision E-Drilling Rig 461, as part of the Companys continued strategy to expand production and enhance operational efficiencies in the Denver-Julesburg (DJ) Basin. Drilling is expected to be completed by early June, with hydraulic fracturing commencing shortly after.
is navigating commodity market volatility with disciplined capital allocation, as it trims its 2025 drilling and completion plans. We analyzed drilling data across multiple basins, with a focus on rig utilization and regional hot spots. Matador Resources Co.
This supports STEPs growth strategy in gas- and liquids-rich basins like the Montney and Duvernay , where long-term contracts, LNG-driven momentum, and record sand volumes are driving strong returns. Were not deploying new assets until the price cycle justifies itbut were ready, said CEO Steve Glanville.
You are probably aware that the water problem in the Permian Basin is direit is the desert, after all. Disposal of produced water in the past was largely a matter of just pumping it back down underground, as is seen in the proliferation of SWDs (Salt Water Disposals) that dot the landscape in the Permian Basin. Not even on eBay.
Rig Contractor Trends : The number of unique contractor and rig combinations fell from 49 in Q1 2024 to 39 in Q1 2025 , indicating a trend toward consolidation of rig services or more efficient rig utilization. This subtle shift highlights a maturing basin where efficiency and operator selectivity are becoming more prominent.
Continental Resources produced 639,733 barrels of oil equivalent per day (boepd) in 2024, and had a well count of 5,055 and 21 active rigs, the complete list revealed. “Private capital is shifting to legacy basins, testing new zones, and leaning into gas plays that were once overlooked.
This acquisition combines large, premier acreage positions in the Utica, creating a third foundational play for EOG alongside our Delaware Basin and Eagle Ford assets, said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG.
Below is a deep dive into the company’s drilling activity, capex decisions, rig utilization, and state-by-state footprint for the quarter. ” Tom Jorden, CEO Drilling, Rigs & Completions Permian activity will be lowered from 10 rigs to 7 in the second half of 2025 (30% drop).
Ballymore is an example of how we are leveraging technology and driving efficiencies to help produce affordable, reliable energy from the deepwater Gulf of America, one of the lowest carbon intensity oil and gas producing basins in the world, said Brent Gros, Vice President of Chevron Gulf of America. owning the remaining 40%.
The real Achilles heel of the whole thing is that the market is completely artificial, he declared, alluding to the fact that this niche leans heavily on government-mandated carbon credits and Inflation Reduction Act funding to cover costs. The utilization and storage can get tricky, and even more costly in some forms.
The increase was primarily due to higher volumes in the Permian Basin, which was related to a 9% increase in legacy Permian throughput, as well as the addition of the Crestwood and WTG assets in November of 2023 and July of 2024, respectively. Adjusted EBITDA was $705 million compared to $674 million for the fourth quarter of 2023.
In Part 4 of this series, we introduced causal modeling , and its utility in debiasing horizontal well datasets. All 3 scenarios used causal models to generate their forecasts, with identical geology and completions information feeding the models. Figure 1: Winerack scenarios in the Delaware Basin.
The increase was primarily due to higher volumes in the Permian Basin and Eagle Ford as well as the addition of the Crestwood and WTG assets in November 2023 and July 2024, respectively. This was offset by lower IT utilization in dry gas areas due to the lower gas prices and weaker spreads. Intrastate Natural Gas.
The combined company becomes the largest Canadian light oil focused producer and the seventh largest producer in the Western Canadian Sedimentary Basin, with significant natural gas growth potential. times net debt/funds flow, which is expected to continue to further strengthen to 0.8
With Tiny Pumper, his goal was to provide those companies with 99 percent of that utility for less than 5 percent of the cost, and to be installed in less time than it takes you to tie your shoe, he said. This is especially valuable in high-transaction environments like the Permian Basin, Elchitz observed. Data-Driven Decision Making.
The Permian Basin is a hotbed of activity, always answering a relentless demand for output, and as experts look ahead, the infrastructure needed to accommodate surging output comes squarely into focus. He says the Permian Basin region has seen a couple of gigawatts of average growth.
As we discussed a few months ago, the Permian Basin is starting to feel the impact of AI data centers creating demand for natural gas fired electricity. New Era Heliums partnership with Sharon AI through Texas Critical Data Centers (TCDC) represents a cornerstone of its Permian Basin strategy.
New England customers are faced with higher-than-average utility bills, natural gas shortages that require power plants to run on fuel oil, and an electric grid straining to meet new demands for power as current policies discourage the construction of new plants.
This agreement expands on Occidentals existing carbon capture efforts, including the STRATOS DAC facility in West Texas , which is nearing completion. The project aims to capture 500,000 tonnes of CO2 per year , advancing DAC as a scalable solution for emissions reduction. The announcement was made during U.S.
New England customers are faced with higher-than-average utility bills, natural gas shortages that require power plants to run on fuel oil, and an electric grid straining to meet new demands for power as current policies discourage the construction of new plants.
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