Limited growth, decline rates, consolidation, costs and ESG concerns were among the topics addressed.
The industry veteran says we shouldn’t forget the oil and gas sector’s contribution to striving toward net-zero emissions.
Most of the growth over the next year or so is expected to come from the Permian Basin and Eagle Ford Shale along with notable growth this year from some gas plays, analysts say.
The supermajors are focused on specific developments and improving efficiency in the Permian Basin as market conditions recover.
The Railroad Commission of Texas plugged 1,477 abandoned oil and gas wells in fiscal-year 2020, which ended on Aug. 31, exceeding its target for the fourth straight year.
Ridge Runner Resources Operating retained EnergyNet for the sale of a Wolfcamp Shale opportunity in the Permian Basin through a sealed-bid offering comprised of properties located in New Mexico’s Lea County.
Wolfcamp Shale wells completed by Occidental Petroleum in the Permian Basin’s Purple Sage Field plus Equinor’s results from an oil discovery offshore Canada in the Flemish Pass top this week’s drilling activity highlights from around the world.
The view stands in contrast to that of rival BP Plc, which sees the coronavirus pandemic leaving a lasting effect on global energy demand, though ConocoPhillips still expects "quite a bit of uncertainty next year."
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
With Appalachia producers in maintenance mode, analysts described Permian Basin associated gas production as ‘resilient.’
The revitalized terminal is not only expected to connect the Port of Calhoun to both the Eagle Ford and Permian basins but also create more than 1,000 jobs in the Lone Star State, Max Midstream President Todd Edwards says.