TGS, a leading provider of multiclient geoscience data for E&P companies, said it has started the acquisition of the Plains 3-D seismic survey in the Northern Shelf area of the Midland Basin and Ravenclaw 3-D in the Edson area of Alberta, CA.
Sourcewater scans the entire Permian every 3 to 5 days to spot well pad construction that predicts new drilling months before permits or rigs.
The new wide-azimuth datasets will provide a better understanding of the structural complexity of the transition between the CBP and surrounding basins to enhance industry drilling efforts.
Shell and rival oil majors Exxon Mobil, Chevron and BP are spending billions in the Permian Basin of Texas and New Mexico.
Analysts consider the potential sale of SM Energy’s Eagle Ford Shale asset a positive as it would complete the company’s transformation into a Permian Basin pure-play.
Lincoln Energy Partners retained Eagle River Energy Advisors for the divestiture of mineral interests across the D-J, Powder River, Williston and the Permian's Delaware basins.
For those concerned about the impact of flaring, New Mexico—which includes the Permian, San Juan and Raton basins—is an example worth paying attention to, Edge LNG CEO says.