Block 36 T2N in the Midland Basin, owned by XTO Energy and Pioneer Natural Resources, employs full stack development to optimize drilling costs and operations.
Overview of Block 36 T2N in the Midland Basin
Full Stack Development: Reducing Costs and Boosting Efficiency in Texas Oil & Gas
Pioneer Resources/XTO use of full stack development reduces drilling and completion costs by integrating and optimizing all stages of oil and gas production, achieving economies of scale, and streamlining operations through standardized processes and advanced technology.
XTO Energy to start enhanced oil recovery Bakken
The North Dakota Industrial Commission approved a pilot project from XTO Energy to start enhanced oil recovery (EOR).
ExxonMobil expects FTC to approve Pioneer Natural Resources megadeal by mid-year
Exxon Mobil Corp. expects U.S. antitrust regulators to approve its $60 billion acquisition of Pioneer Natural Resources Co. by the end of June despite increased government scrutiny of corporate mergers.
ExxonMobil to become the largest crude oil and NGL producer in the United States
ExxonMobil could become the largest crude oil and natural gas liquids (NGL) producer in the United States with 1.3 million barrels per day (bpd), or nearly 7% of total U.S. production, ahead of the current leader in output, Chevron, per data from Evaluate Energy cited by the EIA.
Exxon Mobil eyes 2 million bpd of output in the Permian by 2027
Exxon Mobil will bring its Permian basin output up to 2 million barrels per day by 2027, while it also ramps up production in Guyana, Vice President of Global Exploration John Ardill said on Tuesday at a conference in Houston.
Exxon Mobil tops estimates, ends 2023 with a US$36-billion profit
Exxon’s earnings in the latest quarter still beat estimates and Woods signalled optimism about the coming year. He raised Exxon’s spending target after boosting capital spending in the most recent quarter by 4 per cent from a year ago.
Exxon aims to become a top lithium producer for electric vehicles with Arkansas drill operation
Exxon Mobil aims to become a leading producer of lithium for electric vehicle batteries through a drilling operation the oil giant is launching in Arkansas, the company announced Monday.
Exxon CEO says technology advances could double its shale output
Exxon Mobil Chief Executive Darren Woods said on Thursday that he aims to double the amount of oil produced from the company’s U.S. shale holdings over a five-year period using new technologies.
Exxon to sell XTO’s Freestone Trend assets in East Texas
Exxon Mobil subsidiary XTO Energy has agreed to sell oil and gas assets in the Freestone Trend area of East Texas to the Houston-based oil company Hilcorp Energy
