Occidental Petroleum has made significant strides in water recycling within their Permian Basin operations. By doubling the volume of water recycled in the Delaware Basin and achieving major milestones such as recycling 50 million barrels at the Midland South Curtis Ranch
As the oil and gas industry continues to seek innovative solutions for managing produced water, aquifer recharge has emerged as a promising and sustainable approach.
The US drilling rig count dropped 2 units to reach 586 rigs working for the week ended Aug. 16, according to Baker Hughes data. The count is down 56 units from the 642 rigs working this time a year ago.
iamondback is exploring opportunities to create local markets, such as the Verde gas-to-gasoline plant, to avoid selling gas at low or negative prices.
Kinetik was approved by the Texas Railroad Commission to build 8.2 mile pipeline in Reeves County, TX (pernit #10633). Kinetik has positioned itself as one of the largest midstream companies in the Delaware Basin, with a significant operational footprint that includes over 4,600 miles of pipeline and management of approximately 1.4 million serviced acres across Texas and New Mexico.
Brazos Midstream Holdings LLC is making significant strides in its expansion efforts within the Permian Basin’s Midland area. The company has recently completed the construction of a new cryogenic gas processing plant and is nearing the finish line on a substantial gas-gathering infrastructure project.
Stratos is operational, it reportedly will capable of capturing 500,000 metric tons of carbon dioxide a year and become the largest operating DAC plant in the world. By using Stratos, Occidental expects to increase its oil production in the Permian Basin.
Mach Natural Resources LP (NYSE: MNR) has announced its financial and operational results for the second quarter of 2024, showcasing a robust performance despite market challenges.
EOG Resources’ co-development strategy is a key aspect of its approach to maximizing the value of its resource plays. The company focuses on developing multiple stacked reservoirs simultaneously within a single acreage position, particularly in resource-rich areas like the Permian Basin and the Eagle Ford.
EOG Resources uses the term “Super Zippers” to describe an advanced drilling and completion technique that they have developed and refined. This technique involves simultaneously drilling and completing multiple wells in close proximity, often using zipper fracs—where fracking stages are alternated between wells.
