In their third quarter 2024 earnings report, Occidental Petroleum (Oxy) demonstrated their commitment to enhancing well performance and production efficiency, particularly in the Permian Basin. The company’s strategic focus on advanced drilling techniques, real-time data utilization, and refined well planning has positioned them to deliver strong results, even in challenging market conditions.
Coterra Energy Inc. (NYSE: CTRA), a leading independent oil and gas company, has announced its strategic expansion in the Permian Basin through two definitive agreements to acquire key assets from Franklin Mountain Energy and Avant Natural Resources.
In today’s fast-paced oil and gas industry, companies are constantly innovating to maximize efficiency, reduce costs, and minimize environmental impact. A few powerful strategies—stacked formations, cube development, optimized drilling, and advanced completions—are proving invaluable.
The U.S. oil and gas rig count remained unchanged at 585 for a third straight week, marking the longest steady period since 1987, with the total count down by 5% from last year.
nschutz’s acquisition of 200,000 acres from Occidental Petroleum (Oxy) now makes it one of the largest landholders in the PRB, with up to 660,000 acres under its control. Here’s a closer look at what this acquisition could mean for the region and why it might just be the shot in the arm that the PRB needs.
Permian Resources Corporation, a key player in the Permian Basin, delivered an impressive Q3 2024 update, showcasing their continued commitment to operational efficiency and innovation. The company’s strategic focus on improving drilling and completions, integrating sustainable practices like recycled water, and leveraging advanced techniques such as simul-frac has positioned them as a leader in cost management and productivity enhancement. In this blog, we delve into how these advancements are shaping the company’s future outlook.
Marathon Oil’s third-quarter 2024 earnings report offers a deep dive into the company’s performance across its core U.S. assets, including the Eagle Ford, Bakken, Permian, and Oklahoma plays. The company demonstrated strong production results, driven by efficiency gains and well productivity, while maintaining disciplined capital spending.
In the latest earnings release, Targa Resources showcased its impressive performance in the Permian Basin, reaffirming its commitment to expanding capacity in this prolific region. The third quarter of 2024 was marked by record volumes and the announcement of key infrastructure projects, including the Falcon II Plant and East Driver…
Vital Energy’s third-quarter 2024 results underscore its commitment to operational excellence, disciplined capital allocation, and strategic growth. By leveraging efficiencies in digital transformation, automation, and advanced production techniques, the company is well-positioned to enhance shareholder value and capitalize on new opportunities in the Permian Basin.
By segmenting operational blocks into smaller units, companies can track drilling activities with greater accuracy, enabling them to pinpoint sales prospects and tailor their offerings. The table shows the top 10 drilling projects within 25 miles of Midland.
