The Impact of Factory Drilling on Central Tank Battery (CTB) Operations and Tank Design

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.

read more

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.

read more

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.

read more

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and reinforces ConocoPhillips’ position as a key player in the region, even as other major oil companies have gradually withdrawn.

read more