
(Source: Shutterstock.com)
Pioneer Energy Inc., announced that they have completed a successful field trial of their new Emission Control Treater (ECT) technology. Pioneer partnered with Colorado-based oil producer Bayswater Exploration & Production to deploy and operate the ECT on one of their production locations in Weld County, Colorado. The pilot demonstrated a near-complete elimination of well pad emissions and an 11.3% increase in crude yield.
“ECT can help Bayswater improve our bottom line while helping to achieve our emissions reduction targets,” Bayswater CEO Steve Struna said in a press release.
The ECT pilot validated key aspects of the technology and “exceeded our expectations,” said Pioneer Energy CEO Eyal Aronoff. Aside from increasing the volume of crude produced, the pilot also demonstrated reliable autonomous system operation and produced high-quality, marketable, stabilized crude oil and natural gas.
Pioneer Energy expects to commence commercial production of ECT systems in 2024.
Recommended Reading
Phillips 66 Announces Quarterly Dividend
2023-10-09 - The Phillips 66 dividend will be payable on Dec. 1 to shareholders on record as of Nov. 17.
Eversource Energy Declares Quarterly Dividend
2023-09-15 - Eversource Energy announced on Sept. 15 a regular quarterly dividend of $0.675 per share.
Halliburton Declares 4Q Dividend
2023-11-20 - Halliburton’s dividend is payable on Dec. 27 to shareholders of record by Dec. 7.
Granite Ridge Resources Declares Quarterly Dividend
2023-11-17 - Granite Ridge’s dividend is payable on Dec. 15 to shareholders of record by Dec. 1.
Murphy Oil Announces Quarterly Cash Dividend
2023-10-06 - Murphy Oil’s cash dividend will be payable on Dec. 1 to stockholders on record as of Nov. 13.