Unconventional/complex reservoirs
Viper Energy is acquiring Sitio Royalties Corp. and its more than 25,000 net acres of royalty interests across major US shale plays.
Extensive acreage overlap and existing operational collaboration drove the acquisition decision.
Best practices are not static; they evolve alongside advancements that redefine what is achievable.
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The deal awards the first concession in the Middle East for unconventional oil resources. -
A pair of innovative field development strategies are helping tame the wild, wild Permian Basin.
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Geosteering is supposed to ensure the wellbore stays in the most-productive zone, but a recent study suggests it often misses the mark.
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This case study presents results achieved in Romania, Mexico, and Kuwait with the use of a series of innovations featuring integrated bottomhole assemblies. A push-the-bit system combines high-performance drilling with precise directional control.
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The produced water conundrum in the Permian Basin will be solved by a mix of recycling, disposal, and future breakthroughs in technology currently being studied.
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The authors write that simple changes in drillstring design can lead to huge savings in a climate that demands continual reductions in well-delivery time and well costs.
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Nabors' RZR-equipped rig has successfully drilled multiple horizontal wells in the Permian Basin.
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The Permian Basin operator said the purchase ‘checks all the boxes’ it looks for in an acquisition.
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Seven facilities design and public engagement principles are identified as key elements for the future oil and natural gas production facilities for the DJ Basin, and maybe even as a guide for other North American onshore shale basins.
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The deal upon closing at year-end would expand Marathon’s position in the south Texas shale play by 130,000 net acres.
