Callon entered the third quarter running seven drilling rigs, five in the Delaware Basin, one in the Midland Basin, and one in the Eagle Ford. Upon closing the Eagle Ford divestiture on July 3rd, the acquiring party assumed the Eagle Ford rig.
Devon Total capital investment for the year is expected to range from $3.6 billion to $3.8 billion. These capital requirements in 2023 are estimated to be self-funded at pricing levels as low as a $40 WTI oil price.
continuous pumping technology” as having an impact on costs and production results. Continuous pumping technology in the context of the oil and gas industry generally refers to a method of pumping fluids, such as oil, gas, or hydraulic fracturing fluids, without interruption. Continuous pumping technology is used in various processes within the industry to improve efficiency, production rates, and reduce downtime.
simultaneous fracturing refers to a method where multiple hydraulic fracturing treatments are conducted simultaneously at different stages or sections of a wellbore.
Chesapeake expects to drill 30 to 40 wells and place 40 to 50 wells on production in the third quarter of 2023. The company’s operating plan remains flexible and is prepared for further adjustments based on market conditions.
Ovintiv expects capital investment in the third quarter to be the high point for the year as a result of the high level of activity in the Midland Basin assets at the time of acquisition.
Pioneer plans to operate an average of 23 to 25 horizontal drilling rigs in the Midland Basin, including a three-rig average program in the southern Midland Basin joint venture area. The revised 2023 capital program is expected to place 490 to 520 wells on production.
ExxonMobil newly launched low-carbon technology division (LOW CARBON LOGISTICS CCS) was approved by the Railroad Commission of Texas (RRC) for a new 18 mile pipeline permit (permit #T10496) to be located in Jefferson County TX.
July 2023 – 276 Operators drilled 1390 wells in United States.
Solid results from Haynesville shale drilling program with 15 (12.0 net) operated wells turned to sales since the Company’s last update with an average initial production of 21 MMcf per day.
