Williston Basin
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The energy infrastructure firm also purchased a North Dakota gas gathering system for $640 million. -
The acquisition will add water infrastructure in both the Midland Basin of west Texas and the Williston in North Dakota.
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The deal significantly expands the company’s position in the Bakken Shale play of North Dakota.
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The authors of this paper describe a project in which far-field diverters were pumped to mitigate wellbore sanding and production loss in existing parent wells.
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Houston-based Chord is set to see its daily output increase to a basin-leading average of 287,000 BOE/D.
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The deal with XTO Energy adds about 62,000 net acres to Chord’s inventory.
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The combined company will control almost 1 million acres in the Williston Basin and daily production over 165,000 BOE/D.
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Oasis Petroleum announced this week that it is acquiring the position from Diamondback Energy.
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Advanced machine-learning methods combined with aspects of game theory are helping operators understand the drivers of water production and improve forecasting and economics in unconventional basins.
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Drilling and completion expenditure and activity is projected to show multiyear double-digit growth from 2018–2022 despite a flattening of rig count increases.
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