Spring-based industry major ExxonMobil reportedly is using a proprietary lightweight proppant made from petroleum coke in wells in the Permian Basin to improve production and lower costs. The proppant is designed to be transported further into fractures than traditional sand to keep more fracture area open and increase overall resource recovery by up to 15 percent. The technology is seeing “wide use” across the basin with hundreds of wells already completed using the proppant. And ExxonMobil plans to deploy this proppant on more than 200 Permian wells in the next 12 months.
“Our work in the Permian Basin will play a key role in meeting the world’s growing energy demand for years to come,” ExxonMobil said on its website. The company said it will double production in Permian Basin by 2030 to about 2.3 million barrels per day with “the largest contiguous acreage position in the Permian with double the number of low-cost net drilling locations compared to our next closest competitor.”
ExxonMobil said it will use up to 2 million tons of the lightweight proppant per year.
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