simultaneous fracturing refers to a method where multiple hydraulic fracturing treatments are conducted simultaneously at different stages or sections of a wellbore.
What is Simulfrac
Chesapeake Q2 2023 Operations Update
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 Q2 2023 Update
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 Q2 2023 Operational & Drilling Update
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 Carbon Capture Business Unit to build Texas Pipeline
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 US Drilling Summary
July 2023 – 276 Operators drilled 1390 wells in United States.
Comstock Resources Q2 2023 Drilling Results
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.
Diamondback Energy, Inc. Second Quarter 2023 Operating Results
During the second quarter of 2023, Diamondback drilled 86 gross wells in the Midland Basin and 12 gross wells in the Delaware Basin.
Permian Resources transfers 22 miles of pipeline to Henry Resources Reeves County
The Railroad Commission of Texas (RRC) approved Pipeline Permit #10497 transferring 22 miles of gathering pipeline in Reeves County from Permian Resources to Henry Resources.
Exxon, Chevron to grow Permian basin production by over 2x rate of rivals
ExxonMobil Corp. and Chevron Corp. are both on course to grow production from the Permian basin by 10% this year, more than double the rate of their smaller rivals.