Output at every formation is expected to fall in October, except the Permian Basin of Texas and New Mexico.
SWEPI LP (Shell) reached an agreement with Avitas, a Baker Hughes venture, to expand the use of drones to enhance its existing methane leak detection and repair (LDAR) program in the Permian Basin in July 2020.
Colombian oil company Ecopetrol, which entered a joint venture in the Permian Basin with Occidental Petroleum in November 2019, said it plans to drill another 22 wells this year.
Parsley Energy retained EnergyNet Indigo for the sale of its Big Tex asset located within the Permian Basin in Pecos County, Texas, through a sealed-bid offering closing Oct. 15.
A Marcellus Shale discovery by Southwestern Energy in West Virginia’s Ohio County plus Occidental Petroleum completes Wolfcamp producers in the Purple Sage Field top this week’s drilling activity highlights from around the world.
After actively building data in the Permian Basin for two years, Northern CEO Nick O’Grady says he now sees a window of opportunity opening up for expansion of the company’s strategy outside of the Williston.
Simultaneous fracs are among the methods being discussed by some U.S. shale players to drill and complete wells faster and more efficiently.
Here’s a snapshot of recent energy deals including the sale of Schlumberger’s fracking business, OneStim, to Liberty Oilfield Services and the dissolution of Ovintiv’s Duvernay Shale JV with PetroChina.
Here’s a quicklist of oil and gas assets on the market including a ready-to-drill position within the Permian’s Delaware sub-basin in Reeves County, Texas, that includes 100% gross working interest.