A system can be defined as a group of principles, concepts, or elements that are organized and interconnected in a way that allows them to function as a whole.
ConocoPhillips Lower 48 Business Unit
The Lower 48 represents the largest ConocoPhillips business segment today based on production. The company has high-quality positions in the United States unconventionals, which are low cost of supply and low GHG intensity assets with significant upside potential.
Western Midstream 29 mile pipeline permit located in DIMMIT, LA SALLE Counties
In January 2023 Texas RRC approved 29 mile pipeline for Western Midstream in the Eagle Ford.
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U.S. sets up office to oversee abandoned oil well cleanup
U.S. Secretary of the Interior Deb Haaland on Tuesday issued an order to establish an office to ensure efficient use of the Biden administration’s $4.7 billion investment in the cleanup of abandoned oil and gas wells.
EOG eyes flat Permian activity, tighter global oil supply in 2023
U.S. shale producer EOG Resources Inc anticipates its activity in the Permian Basin to be flat this year
Pioneer cuts long-term Permian Basin oil-output forecast
Pioneer, Chevron Corp. and ConocoPhillips will be the only companies producing more than 1 million barrels a day in the Permian after 2030
Exxon and Chevron Embrace Growth With Capex Hike
XTO Energy ranks #3 in wells drilled in 2022 with 333 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Chevron U.S.A. ranks #12 in wells drilled in 2022 with 145 wells drilled in the Mid Continent of the US. The Mid Continent region includes Texas, Oklahoma, New Mexico and Louisiana.
Oil and gas revenue at an all-time high in New Mexico
In New Mexico 58 Oil & Gas Operators spud 1670 wells in 2022.
Eagle Ford Drilling activity has greatly increased from the lows in 2020
Eagle Ford in Texas is the most mature tight oil play in the Lower 48 current, oil and natural gas production of 2.5 million barrels of oil equivalent per day. Measuring 400 miles long and 50 miles wide along the Texas Gulf Coast, the Eagle Ford basin is spread over 12,000 square miles in South and central Texas.