One such advancement is slim hole drilling, a technique that has gained traction among industry leaders, including ConocoPhillips. By embracing this approach, ConocoPhillips has not only managed to optimize drilling operations but has also cut down on well costs by significant margins. Here’s a closer look at slim hole drilling and how ConocoPhillips is using it to stay competitive in a demanding market.
As the energy sector undergoes constant evolution, companies like NCS Multistage Holdings are adapting to challenging market conditions and industry-wide completion efficiencies that impact traditional revenue models. In their third-quarter 2024 results, NCS provided a clear picture of how it is strategically navigating lower natural gas prices, reduced activity in key regions, and the ongoing trend toward more efficient drilling and completions. Despite these headwinds, NCS’s strategic expansion into international markets and high-margin projects showcase resilience and adaptability in a volatile market.
Development in Block 37T1N is progressing slowly, with only 11 of 51 wells spudded, likely due to a phased strategy tied to infrastructure readiness.
The Golden Pass LNG project, a massive $10 billion venture backed by ExxonMobil and QatarEnergy, is poised to become a key player in the global liquefied natural gas (LNG) market. However, the project’s path has been anything but smooth. With a series of delays caused by contractor bankruptcy and the threat of severe weather, the joint venture recently secured a three-year extension from the Federal Energy Regulatory Commission (FERC) to ensure the facility’s completion. Despite the hurdles, the project remains a cornerstone in the future of U.S. energy exports.
The upcoming 2024 US presidential election will play a pivotal role in determining the future of American energy policy. With Kamala Harris representing the Democratic agenda and Donald Trump poised to return to office with a pro-fossil fuel platform, the stakes couldn’t be higher. Whether the nation will continue to pursue renewable energy expansion or pivot back toward oil, gas, and coal will shape the energy landscape for decades.
The latest Baker Hughes rig report shows the U.S. oil and gas industry holding steady over the past week, maintaining a total of 585 active rigs.
The oil and gas sector is undergoing a transformation with the integration of advanced technologies. Liberty Energy is at the forefront of this shift, leveraging innovative solutions like digiFleets, simul frac techniques, and AI-driven logistics to improve operational efficiency, especially in high-demand regions like the Permian Basin. These developments are…
The Permian Basin continues to play a central role in the energy sector, and Patterson-UTI Energy is strategically positioning itself to capitalize on the region’s opportunities. In its Q3 2024 financial report, Patterson-UTI outlined its rig operations, market trends, and completion activities in the Permian, focusing on delivering value through innovative technology and operational efficiency.
In a significant step toward expanding its renewable natural gas (RNG) footprint, Kinder Morgan has secured approval from the Texas Commission on Environmental Quality (TCEQ) for the ownership transfer of the Hartland Landfill RNG project. This acquisition aligns with Kinder Morgan’s strategic commitment to energy transition and emissions reduction by utilizing RNG as a sustainable alternative to traditional natural gas.
In today’s highly competitive oil and gas industry, staying ahead requires relentless innovation and operational efficiency. Matador Resources has taken a bold step forward by implementing simul-frac and trimul-frac techniques across its operations. These advanced fracturing methods have resulted in significant cost savings, faster well completions, and boosted production, especially in their newly acquired acreage. Here’s how these innovative approaches are reshaping Matador’s performance.
