Williston Basin
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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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This paper reports the completion of a two-lateral well in the Williston basin where produced water (PW), filtered but otherwise untreated, was used throughout the slickwater and crosslinked components of approximately 60 hydraulic-fracturing stages.
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With the surge in activity in the Williston basin, the ability to optimize completions has mainly been an expensive trial-and-error system.
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Over the years, hybrid systems have been installed in horizontal wellbores to increase the number of compartmental sections for hydraulic fracturing because of the limitations of ball-actuated fracture sleeves. Experimenting with hybrid systems provides operators with the ability to optimize spacing of fracture stages along the horizontal section when sleeve technolog…