Permian Basin
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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. -
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.
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A growing volume of free data and reports from US shale fracturing test sites is available, with more on the way.
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The facility would be the first of its kind in the US and is planned to be located in West Texas’ Permian Basin.
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The latest deal bucks a trend that has been dominated by moves to consolidate assets within a single basin by creating a multibasin company that its leaders say is better prepared for the "commodity roller coaster."
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BP says its new $1.3-billion Grand Slam electrified oil, gas, and water-handling facility is a clear example of its net-zero strategy in action.
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Pioneer Natural Resources is moving to complete its second major acquisition of another shale producer in less than 6 months.
