Permian Basin

The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins.

Tracking down fugitive emissions has traditionally relied on small-scale detection efforts. This new project seeks to buck the trend by covering the Permian Basin with sensors.

Centennial said in its 10-Q report for Q1 that the economic downturn increased the likelihood that the transaction would fail to close by its original timeline.

Sourcing water, flowback water services threatened as D&Cs decline.

The cementing services market size in the US is expected to drop 50% year-on-year from 2019. The significant drop in Permian Basin activity will account for 40% of the total market size reduction.

The move to combine forces comes amid the fastest contraction in drilling activity the US shale sector has ever seen while Gyrodata will retain its international business.

As tight-oil producers move to curtail production, hard-to-answer questions are being raised about how shuttered wells will come back. The issue reveals key uncertainties about the delicate flow paths that define unconventional reservoirs.

While many shale producers are racing to cut costs by removing crews from the field, ExxonMobil and Chevron stood out as maintaining large numbers of fracturing crews.

As studies point to increased emissions, ExxonMobil is stepping up efforts to detect and mitigate methane release.

ExxonMobil and Halliburton made additional cuts in spending and personnel.