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In January of this year, the Supreme Court of Pennsylvania tackled an issue that has been confronted by few other courts—whether the rule of capture precludes a claim for subsurface trespass due to hydraulicfracturing. [1] Southwestern operated several wells on the leased tract, several of which were hydraulicallyfractured.
Factors that could cause actual results or events to differ materially from what is presented include, but are not limited to, the following: effects of volatile commodity prices, including prolonged periods of low commodity prices, which may adversely impact our operating results and our ability to execute on our strategy and could result in recognition (..)
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 hydraulicfracturing commencing shortly after.
Drilling is expected to be completed by early June, with hydraulicfracturing commencing shortly thereafter and first production anticipated in early August. The program includes two-mile lateral wells alternating between the Niobrara A, B, and C Chalks and the Codell Sandstone.
For further information: Flotek Investor Contact: Mike Critelli, Director of Finance & Investor Relations, E: ir@flotekind.com; ProFrac Investor Contact: Michael Messina, Director of Finance, E: investors@pfholdingscorp.com ProFrac Holding Corp. SOURCE Flotek Industries, Inc.
Transaction Highlights Transforms EOG into a leading Utica E&P The acquisition of Encinos 675,000 net core acres significantly increases EOGs Utica position to a combined 1,100,000 net acres, representing more than two billion barrels oil equivalent of undeveloped net resource.
The well was not hydraulicallyfractured during perforation or acidisation. This is due to the fact that the well was mostly drilled and completed in the Cane Creek B reservoir zone. The near wellbore area shows increased permeability that is most likely caused by the successful acid stimulation.
Since the widespread introduction of hydraulicfracturing, the technique that enabled the shale revolution in the mid-2000s, thousands of wells have perforated the Permian and fractured the rock to extract oil and gas. The Permian is pumping 6.5 million barrels per day (bpd), a record level and nearly half the all-time high 13.5
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