ConocoPhillips (NYSE:COP) expects its shale production to increase 25% next year even as crude oil prices tumble, proving the industry’s resilience in volatile markets, CEO Ryan Lance tells Bloomberg.
Tag: Permian Basin
Feds Discover Largest Oil, Natural-Gas Reserve in History
Exxon Mobil Corp. will use renewable energy to produce oil in West Texas.
Under 12-year agreements with Denmark’s Orsted A/S, Exxon will buy 500 megawatts of wind and solar power in the Permian Basin, the fastest growing U.S….
Drilling and completion operations within the Wolfcamp play
Rising productivity in the Wolfcamp, like in other plays in the Permian Basin, has been driven mostly by drilling longer horizontal laterals and optimizing completions, according to EIA. The length of laterals in the Wolfcamp increased from an average of 2,500 linear feet in 2005, to more than 8,500 linear feet in 2018.
Permian readies for 2019 boom
HOUSTON (Bloomberg) — The oil fields of West Texas don’t sit still for long. Take Carrizo Oil & Gas Inc.’s operations, for instance. Just three…
The US Is on the Threshold of the Biggest Oil and Gas Boom Ever
By 2025, the growth in American oil production will equal that achieved by Saudi Arabia at the height of its expansion, and increases in natural…
Exxon Is Drilling Some Long Horizontal Shale Oil Wells
Exxon recently completed “Bakken” wells in North Dakota that extend 3 miles. Exxon The world’s biggest oil explorer by market value finished four wells in North Dakota’s Bakken region that extends horizontally for 3 miles (4.8 kilometers), Barclays Plc analyst Paul Cheng said in a research note after meeting Exxon executives, it’s closing in on the 4-mile mark. Read more
Orion’s chlorine dioxide biocide system
There are safety features to Orion’s system. Instead of pushing biocide into the mix, Orion uses a flow-based suction system to pull its ClO2 into…