Chevron use multiwell pads, where we drill a series of horizontal wells in a single pad. Using hydraulic fracture stimulation, we complete several wells at the same time.
Chevron factory approach to the Permian
Occidental Petroleum Overview
Occidental Petroleum Corporation is a US based oil and gas producer with 1.2mm barrels per day produced in 2023 predominantly in the Permian basin, that’s around 10% of total US production, with around 4bln proved reserves barrels of oil.
Enterprise to Build New Natural Gas Processing Plant in the Delaware Basin
Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) today announced plans to further expand its natural gas processing capabilities in the Permian Basin with construction of the Mentone West 2 plant in the Delaware Basin.
U.S. shale drillers to reduce Permian drilling emissions, increase reliability with nuclear reactors
U.S. oil and gas companies including Diamondback Energy Inc. are considering small nuclear reactors to power drilling operations in Texas’s Permian basin, a move aimed at cutting carbon emissions and ensuring reliable access to electricity.
APA Corporation completes Callon Petroleum Company acquisition
APA Corporation’s acquisition of Callon Petroleum Company (NYSE: CPE) has been completed. The transaction was approved by APA and Callon shareholders at special meetings held on March 27, 2024.
Spending plans by Mach Natural Resources
Mach Natural Resources LP announced its financial and operating results for the year ended December 31 of 2023, showing total revenues of $762 million and net income of $347 million.
Mach Natural Resources to release 2023 financial report
Mach reported third quarter generated net income of $83 million and adjusted EBITDA of $121 million. It also incurred capital expenditures of $66 million during the quarter.
Alberta Oil & Gas Seismic Activity
According to the AER’s “earthquake dashboard,” fracking caused a swarm of hundreds of earthquakes ranging from magnitudes of about 1 to 3 just 56 kilometres west of the town of Fox Creek this winter.
Environmental ruling threatens Wyoming oil and gas drilling leases
The Wilderness Society and Friends of the Earth that BLM failed to adequately gauge potential impacts from future drilling on big game animals and an imperiled species of bird known as the greater sage grouse, finding its analysis was not detailed enough and relied too heavily on an earlier, broader examination of oil and gas drilling in the region.
ConocoPhillips and Santos officials give glowing assessment of Alaska North Slope prospects
Both companies are building major projects, and senior officials told an industry audience that the future is bright for new oil development in Arctic Alaska
