Allen Gilmer, Drillinginfo's co-founder and executive chair, sat down with Hart Energy Video Reporter Jessica Morales at the recent NAPE Summit in downtown Houston to discuss developments for U.S. oil and gas producers.
During the discussion, Gilmer addresses the advantage of daily rig counts and the performance gap between E&Ps in certain unconventional plays. He also touches on extended laterals, proppant density, cluster spacing, Big Data as well as the implications of well bashing and frack hits for industry projections on recoverable reserves.
Oil major Exxon Mobil said Jan. 31 it would create three new separate E&P companies, effective April 1, in an effort to double its profit by 2025.
Stallion Oilfield Services completed the acquisition of Basin Wastewater Solutions, a Carlsbad, N.M.-based provider of rig site potable water and wastewater recycling services for the Permian market.
Blackstone Energy Partners made an equity commitment of $500 million in Waterfield Midstream, a Permian Basin oil and gas water management platform.