Permian Basin
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The obsession with better hydraulic fracturing has steadily pushed on shale production in year one, but the decline remains steep. Chemistry could help explain, and perhaps extend, the short productive life of these wells. -
Canadian midstream giant adds key US oil export capacity via private-equity exit.
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Oil producers such as Exxon Mobil and Royal Dutch Shell are burning off gas in the largest oil field in the United States without required Texas state permits, the environmental group Earthworks said in a report.
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Incremental gains are not always celebrated, but as two of the biggest oil producers in the US show, they nonetheless can net unrealized savings and new efficiencies.
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The combined company will have a strengthened position in the Permian Basin, and plans to operate 17 hydraulic fracturing fleets in the region.
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Thousands of horizontal wells that had been drilled but uncompleted (DUCs) offered a way to maintain production without the cost of drilling more wells, but that resource is finally running low.
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The application of an extended-release scale-inhibitor in approximately 70 vertical conventional wells in the Permian Basin has shown approximately three times better performance compared to the incumbent chemical.
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Occidental Petroleum is planning a carbon-intensive future with revenues from oil expected to be put toward pulling carbon dioxide out of the air.
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The Houston-based oil and gas producer says the latest transaction moves its divestment sum past $9 billion.
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The US Fish and Wildlife Service proposal to list the lesser prairie chicken under the Endangered Species Act could impose restrictions on drilling in the Permian Basin.
