A central tank battery (CTB) is a facility that centralizes the separation and storage of oil, gas, and water from multiple wells in close proximity. CTBs help operators handle high production volumes by providing a central location to process hydrocarbons efficiently. In the Permian Basin, where numerous horizontal wells often produce from the same formation, CTBs play a critical role in managing large quantities of produced fluids.
EOG Resources Expands Operations in Ohio: Key Insights from AI Using Permit and Well Drilled Data
EOG Resources is rapidly expanding its operations in Ohio’s Utica shale play, with activity concentrated in Carroll, Noble, Harrison, and Belmont counties. The company is partnering with key drilling contractors like H&P and Patterson to support its increased rig deployment and steady monthly activity growth throughout 2024. EOG’s COO, Jeff Leitzell, emphasized the strategic importance of the Utica shale and plans for further capital investment if current successes continue.
Chevron’s Path to 300,000 BOE Per Day: A Deepwater Expansion in the U.S. Gulf of Mexico
Chevron has been making waves in the U.S. Gulf of Mexico, a region that is fast becoming a cornerstone of the company’s production growth. With ambitious plans to increase production to 300,000 net barrels of oil equivalent (BOE) per day by 2026, Chevron is leveraging advanced technology and strategic project execution to unlock the region’s vast potential.
ConocoPhillips Expands North Slope Footprint with $300 Million Acquisition from Chevron USA
In a significant move reflecting its ongoing commitment to Alaska’s North Slope, ConocoPhillips has announced a $300 million deal to acquire portions of the Kuparuk and Prudhoe Bay oil fields from Chevron USA. This transaction is expected to close by the end of 2024 and reinforces ConocoPhillips’ position as a key player in the region, even as other major oil companies have gradually withdrawn.
Mach Natural Resources LP Finalizes $136 Million Acquisition of Oil and Gas Assets in Oklahoma and Kansas
Oklahoma City-based Mach Natural Resources LP has successfully completed the acquisition of oil and gas assets across Oklahoma and Kansas, further solidifying its position as a key player in the region.
SM ENERGY ANNOUNCES CLOSING OF UINTA ACQUISITIONS
SM Energy Company (the “Company”) (NYSE: SM) announced today that it has closed the previously announced Uinta Basin acquisition of an 80% undivided interest in the oil and gas assets of XCL Resources, LLC
APA Strategic Development Approach to the Midland Basin
APA Corporation’s operations in the Midland Basin are a testament to the power of a focused, block-by-block development strategy. By concentrating drilling and completion efforts in key blocks, the company maximizes operational efficiency, reduces costs, and maintains a steady stream of production.
National Rig Numbers Dip in the U.S. – Baker Hughes
The latest Baker Hughes rig count summary
Conocophillips
ConocoPhillips is a multinational energy corporation and one of the world’s largest independent oil and gas exploration and production companies.
TEEP Barnett USA, LLC (TotalEnergies)
TEEP Barnett USA operates in the Barnett Shale, which was one of the first major shale gas fields developed in the U.S. and is known for its significant natural gas resources.