ConocoPhillips executive vice president Tim Leach said Feb. 3 the company intends to move from one- to two-mile laterals on its newly acquired Shell acreage in Delaware Basin to improve rates of return and generate a 30 percent improvement in cost of supply. Leach said Conoco will need to acquire offsetting acreage in certain areas […]
On Getting Buy-in
As long as I have been in the oil and gas industry, the largest obstacle to actual compliance, from what I can perceive, is buy-in. It is difficult, if not impossible, to bridge training, the application of policy, procedures, monitoring, and enforcement, especially if there is no buy-in. My reluctance to get into the field […]
How to leverage existing subsurface data for carbon sequestration modeling
Derisk CCS operations with detailed subsurface characterization As governments, agencies and industries across the world increase their focus on sustainability and mitigating the risks of climate change, carbon capture and sequestration (CCS) is becoming more important than ever before. As one of the few proven technologies to significantly lower net emissions from some of the […]
Going with the Flow
In a 2019 website post, the Produced Water Society estimated that the Permian Basin produces between 9 million and 15 million barrels of water per day. To put that in perspective, 15 million barrels equals 1933.4 acre feet, and Austin’s Lake Travis has a capacity of 1,135,000 acre feet. At that rate, Permian water production […]
Rig counts grow to 294 in Permian, 287 in Texas, 613 in U.S.
Baker Hughes reported small increases in rig counts in Permian Basin, Texas and U.S. in the past week. As of Feb. 4, there were 294 rigs in Permian (293 week ago, 198 year ago), 287 in Texas (284 week ago, 189 year ago) and 613 in U.S. (610 week ago, 392 year ago). New Mexico’s […]
Interior department to grant Texas $107.5 million to clean abandoned wells
The administration of President Joe Biden said last week it will provide a total of $1.15 billion to states to cap and clean abandoned oil and gas wells in its effort to reduce U.S. emissions and improve health and safety of nearby communities. U.S. Department of Interior said 26 states are eligible to apply for […]
Rystad forecasts production from new wells to top 1,000 boed in 2022
Oslo-based research firm Rystad Energy said recently that the average production of new wells in Permian Basin is expected to reach a record high in 2022. Rystad said it will top 1,000 boed because of increases in lateral well length. “The Permian is entering a three-mile lateral era,” Artem Abramov, head of shale research at […]
Whistler Pipeline to extend lateral 35 miles into Martin County
Austin-based Whistler Pipeline said Jan. 26 it will expand its Midland Basin pipeline with a new 36-inch lateral extending northwest into Martin County. The new Whistler lateral will lengthen the existing 36-inch lateral about 35 miles and connect to multiple processing sites by 2022Q4. Whistler, owned by a consortium of MPLX, WhiteWater, and a joint […]
NuStar Energy sets throughput record for Permian system in 2021Q4
San Antonio-based NuStar Energy said last week its Permian Basin crude system set a quarterly throughput record in 2021Q4 and is expected to continue to grow in 2022. “We’re encouraged by what we’re hearing and seeing from our producers as well as the crude price outlook,” Bradley Barron, president and CEO, said Feb. 3. Oil […]
Getting Your House In Order
How do employers find employees during an extreme labor shortage? This month we examine quality hiring and best practices as the Great Resignation continues. Workers in the shortest supply are service workers, educators, and healthcare workers. A recent visit to the emergency room at a hospital near you was beyond shocking. There were four times […]
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