The energy industry was quick to join the technological revolution in the 1980s and before and it has applied its brainpower and resources to more than keep pace since then.
The Apache Corp. and the Permian Basin Petroleum and Texas Independent Producers & Royalty Owners associations say the United States and the world have benefited as a result.
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Apache Wells Drilled 2023
“At Apache, we focus on delivering top operational performance,” an Apache spokeswoman said from Houston. “Over the last three years we have made significant strides to more efficiently and responsibly extract hydrocarbons including the elimination of routine flaring across U.S. onshore operations.
“We achieved our lowest total recordable incident rate in 18 years, increased our safety observation rate and actions by 10 percent, reduced methane emissions across U.S. onshore operations by converting more than 2,000 pneumatic devices to instrument air or through valve retrofit and utilized at least 50 percent recycled produced water.”
The spokeswoman said that was all achieved during ramped-up production.
“Operating efficiencies and strong well performance across the Permian Basin led to a 16-percent increase in year-over-year oil volumes in the third quarter of 2023 from the third quarter in 2022,” she said. “Additionally Apache has focused on increasing the average lateral length of fracks from just over 10,000 feet in 2022 to closer to 10,500 feet in 2023.”
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