News
June 02, 2023
“There’s just a lot of oil being left in the ground,” Chief Executive Officer Darren Woods said Thursday at the Bernstein Strategic Decisions conference. “Fracing’s been around for a really long time, but the science of fracking is not well understood.”
Article
May 2023
An analytical model, based on CFD and discrete element modeling, simulates treatment placement efficiency and diversion effectiveness in HPHT fractured carbonate reservoirs. Application of the innovative technique increased expected production 20% in a North American well.
Article
May 2023
By identifying the numerous barriers obstructing 24/7 reservoir fracturing, a newly developed system utilizes advanced processes and technologies. The system has led to gains in operational efficiency, consistency and safety, enabling operators to fracture a reservoir more hours/day compared to standard procedures and techniques.
News
May 25, 2023
The company will be zipper fracking all three wells beginning this weekend, and flowback will start once all stages have been completed in all of the wells.
News
May 25, 2023
The Z17 well - in the Carboniferous formation - is expected to increase Neptune’s production from the Adorf license by 1,800 boed to around 6,300 boed.
News
May 24, 2023
The Lulo 1 exploration well, located on the 100% operated VIM21 Exploration and Production (“E&P”) contract, encountered 207 feet of net gas pay within the Cienaga de Oro (“CDO”) sandstone reservoir.
News
May 24, 2023
This project will replace the current high-salinity, deep aquifer water systems at the fields, thereby reducing water injection related energy consumption by up to 30%.
News
May 22, 2023
The oil produced during the testing phase is heavy oil of 11-13 degrees API, with viscosity higher than pre-testing estimates.
Article
May 2023
Two innovative shale oil EOR processes offer greater simplicity, and lower capital expenditure and operating costs, compared to natural gas or CO2 EOR. Advanced compositional reservoir simulation modeling is used during operation to ensure maximum oil recovery.
News
May 22, 2023
An operator working in the Delaware basin wanted to increase efficiencies by simul-fracing two, three-well pads that were about 1,200 ft. apart. Traditionally, all simul-fracs completed for this operator included a minimum of four wells on one pad and were completed in a 2-by-2 well format to obtain the full benefits of simul-frac operations. Connecting two, three-well pads added additional technical challenges.
News
May 22, 2023
Chord Energy Corporation has entered into a definitive agreement to acquire assets in the Williston basin from XTO Energy Inc. and affiliates, subsidiaries of Exxon Mobil Corporation, for total cash consideration of $375 million.
News
May 22, 2023
STRYDE’s seismic sensor technology will be utilized on an upcoming 3D seismic survey conducted by Nigerian geoscience solutions provider, ATO Geophysical Limited, as part of an onshore oil and gas exploration project in the region.
Article
May 2023
Cemented ball-drop sleeves enable operators to reduce cost and operational risk, while helping achieve optimal pumping rates to improve production potential in extended-reach laterals.
News
May 19, 2023
"Our preparations for the re-entry of the Megiddo-Jezreel #1 well (MJ-01) are underway, and we are excited about the potential for success by utilizing new perforation methods," said Rob Dunn, CEO of Zion Oil & Gas.
News
May 19, 2023
Zefiro will be able to quantify emissions its well-plugging projects have prevented long-term (as verified by third-party registries), allowing high-quality carbon credits to be brought into the market by Zefiro’s offset commercialization group.
News
May 18, 2023
Kimbell Royalty Partners, LP has closed the previously announced purchase of mineral and royalty interests held by MB Minerals, L.P, a subsidiary of Sabalo Holdings, LLC , in a cash and unit transaction valued at approximately $140.8 million in the Midland basin.
News
May 17, 2023
Bayhanli 2 is expected to start generating revenue at the end of May 2023. After completion of the Bayhanli 2 well, the rig will be moved to the Akkaya Tripod to start drilling the Alapli 2 well.
News
May 17, 2023
The company will participate in the drilling and completion of 2 gross wells (0.5 net), both 10,000’ laterals, over the remainder of 2023 (the first well is already drilled, first production from both wells is estimated for the fourth quarter of 2023).
News
May 16, 2023
The peak month production rate of the Rosa Unit #647H, located in Rio Arriba County, NM, has surpassed all wells drilled in the San Juan basin over the last 50 years.
News
May 16, 2023
The HV-1 well was drilled on a new oil and natural gas field that the company refers to as the Presidents field. The Presidents field is a large oil and gas development project located in the company’s South Salinas project in Monterey County, California.
News
May 16, 2023
The Acquired Assets are primarily located in Ward and Reeves Counties, Texas and include approximately 10,200 net acres, 30.5 net producing wells, 2.3 net wells-in-process and roughly 20 low-breakeven net undeveloped locations.
