achieving net-zero emissions in the oil and gas industry requires a comprehensive and integrated approach to oil battery design that prioritizes energy efficiency, emissions reduction technologies, renewable energy integration, and sustainable practices throughout the facility’s lifecycle.
Oxy has a proprietary, physics-based approach to well development that it calls Oxy Drilling Dynamics, which improves drilling rates, lowers well costs and reduces inefficient rig energy
expected jump in output of 300,000 to 500,000 barrels per day (bpd) could vault the sector ahead of the United States.
New Mexico’s State Land Office will withhold lease sales indefinitely on its most promising tracts for oil and natural gas development in the Permian Basin as it seeks approval by the state Legislature to increase top-tier royalty rates, Land Commissioner Stephanie Garcia Richard said Thursday
Enbridge says it will spend about US$100 million to expand its Gray Oak pipeline and add 2.5 million barrels of additional crude oil storage at the Enbridge Ingleside Energy Center terminal, near Corpus Christi, Texas.
Chevron has a long history in the Permian Basin. Through our legacy companies, we’ve been active in the Permian since the early 1920s. Thanks to that history, new technology and the ingenuity of Chevron employees, Chevron’s Permian assets continue to be a growth engine for the company and well performance continues to improve. Meanwhile, Chevron is developing the Permian with respect for its environment and communities.
Chevron New Energies, a division of Chevron U.S.A. Inc., announced it is developing a 5-megawatt hydrogen production project in California’s Central Valley.
Approximately 60% of total investments are planned to be allocated to the Permian basin, with the remainder to the DJ basin. Civitas expects to drill and complete 130 to 150 gross wells in the Permian basin and 90 to 110 gross wells in the DJ basin. The majority of activity in the DJ basin will be focused in the Watkins area, which is benefiting from higher well productivity.
The leaders of Permian said Feb. 28 they will dedicate 70% of the company’s roughly $2 billion in planned capital spending to the Northern Delaware basin while the Southern Delaware basin in Texas will get about a quarter of those resources.
US-based energy company Devon Energy intends to keep to its liquids-rich basins and remain as “oily” a producer as possible due to crude’s ability to drive superior margins compared with natural gas, CEO Rick Muncrief said Feb. 28.
