Unconventional/complex reservoirs
The merger creates one of the largest oil-focused independents in the US with output of 526,000 BOE/D.
BPX Energy will retain operatorship of the assets after the sale of its interests to private investment firm Sixth Street is complete.
Operators from across the region met in Muscat to share how lessons from pilot programs are shaping cost, scale, and technology priorities across the region.
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Whitecap enters into the liquids-rich Duvernay play, including 74,000 acres with more than 250 identified drilling locations. -
Another day, another deal for ProFrac.
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The second plenary session at URTeC this week highlighted the stark reality of both knowns and unknowns oil companies must face in the race to a carbon-free future.
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Plenary panelists at URTeC offer possibilities as society looks to bridge today’s reality of hydrocarbon usage with tomorrow’s promise of carbon-free energy.
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Bidding is open for a 563-km natural gas pipeline that will expand the country’s natural gas transport capacity by 25%.
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New automated technology is making it possible to run pressure pumps for days on end.
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The authors describe the applicability of 110,000-psi yield-strength quench-and-tempered coiled tubing strings in high-pressure sour environments through implementation of a custom-fit coiled tubing integrity and risk-mitigation program.
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Upon closing, the newly combined oil company will boast 135,000 BOE/D and hold around 15 years’ worth of drilling locations in the Permian Basin.
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Oil companies would have to pay a premium for the hardware and services needed for rapid expansion. But is that likely?
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Producers in the biggest US oil basin have signaled that they intend to seize on $100/bbl oil prices.
