Experts say electrofacies could prove beneficial for oil companies considering vertically unbounded wells in the Permian Basin.
Tech giant says it will honor contracts, but pulls away from energy partnerships following the release of a Greenpeace report.
Continental argued at a hearing that operators are hurting even though state production is down more than half a million barrels per day since prices crashed in March.
The parcels that were scheduled for sale are in New Mexico’s southeast corner, overlaying part of the sprawling Permian Basin, the world’s biggest oil field
Customized green treatments are outperforming conventional treatments in sustainability and more effective oil recovery.
The deal is for Block 52, which covers over 4,700 sq km (1,800 sq miles) in the Suriname-Guyana Basin.
Oil and gas operators should evaluate the current state of capital planning and project management processes for new asset construction and maintenance of existing facilities.