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.
CNX Resources has implemented a unique program that involves continuous air emissions monitoring, enhanced water quality testing, and full disclosure of chemical usage and waste reporting.
Tourmaline Oil Corp. (TSX) has announced a significant strategic move with the acquisition of Crew Energy Inc. for approximately $1.3 billion. T
The Baker Hughes U.S. rig count has gone up three out of the last four weeks, including last week, when it went up by two to 588.
Advanced systems now analyze drilling parameters like speed, angle, and pressure in real-time, enabling operators to optimize drilling processes dynamically. This reduces downtime due to equipment failures or human errors and enhances the efficiency of directional drilling.
Ascent Resources reported strong Q2 2024 results, with a 5% increase in net production and a significant 60% rise in liquids production compared to the prior year.
Vital Energy reported record second-quarter 2024 production with 129.4 MBOE/d and 59.2 MBO/d in oil. The company achieved a net income of $36.7 million and increased its full-year 2024 production guidance to 127.0 – 131.0 MBOE/d.
HighPeak Energy’s Q2 2024 results showcase a significant increase in production and a reduction in operating costs, highlighting our commitment to operational excellence.
SM Energy Company (NYSE: SM) today announced robust financial and operational results for the second quarter of 2024, highlighting significant advancements in production and strategic acquisitions. The company reported strong net production and financial performance, driven by excellent operational execution in its core areas.
