From horseshoe wells to longer laterals, NexTier, Halliburton and ChampionX are using artificial intelligence to automate drilling and optimize completions.
After closing a $17.1 billion acquisition of Marathon Oil, ConocoPhillips’ Delaware Basin leader sees opportunities to drill longer laterals and investigate secondary benches underground.
Permian Resources Co-CEO Will Hickey expects more growth in the Delaware Basin thanks to his company’s advantageous cost structure.
Occidental Petroleum CEO Vicki Hollub names emissions and water management as top challenges for Permian operators and an incentive for growth.
Amanda Brock, CEO of Aris Water Solutions, says multiple answers will be needed to solve the growing amounts of produced water generated by fracking.
Smaller, more creative M&A deals are becoming the standard in the Permian’s Midland and Delaware basins, an Enverus analyst says.
Triple Crown Resources, the private Permian Basin operator, is cutting methane emissions and delivering returns.
E&P Permian Resources will shift to smaller-scale deals to add value as opportunities to consolidate in the Midland and Delaware basins shrink.
As the oilfield service market faces headwinds from consolidation and a dwindling rig count, ProPetro CEO Sam Sledge sees Permian Basin demand picking up for next-generation equipment.
Permian Basin M&A has taken off in 2023 largely because buyers and sellers are in a ‘Godilocks’ zone in which prices are just right, executives at RBC Capital Markets and Jefferies said.