By segmenting operational blocks into smaller units, companies can track drilling activities with greater accuracy, enabling them to pinpoint sales prospects and tailor their offerings. Detailed insights into existing infrastructure, such as batteries and planned drilling schedules, allow for more accurate forecasting and better preparation for completion processes, helping service providers anticipate clients’ needs.

This summary table was iteratively refined to include more insights, providing a comprehensive view of records grouped by block, account name, activity date metrics, and distance to Midland.

Here’s a summary of your AI prompts and the steps taken:

Initial Data Load: The data file contained records related to wells within 25 miles of Midland, Texas. Key columns included license dates, activity dates, license numbers, account names, geographic coordinates, and more.
Grouping by Block: The records were grouped by the “Block” field, with a count of records provided for each block.
Adding Account Name: The grouping was refined to include “Account Name” alongside “Block” to show record counts for each unique combination of block and account name.
Adding Activity Date Count: A count of records with an “Activity Date” was added to the table, showing how many records in each group had this field populated.
Calculating Percentage of Activity Date Records: The percentage of records with an “Activity Date” was calculated for each group.
Adding Average Distance to Midland: Finally, the average distance from each block to Midland was calculated and added to the table.

Top 10 Projects Within 25 Miles of Midland

#1 Opportunity – Block 36T3S Overview

Block 36T3S, located in the Midland Basin east of Midland, Texas, is a significant area for oil and gas development. This block is part of the larger Permian Basin and has been a focal point for drilling activities.

Operator Activity in Block 36T3S:

Diamondback Energy: In the past 12 months, Diamondback Energy has drilled 105 wells in Block 36, which includes sub-blocks like 36T3S. Their development strategy often involves multi-well pads, utilizing several rigs simultaneously.
XTO Energy: During the same period, XTO Energy has drilled 95 wells in Block 36. Their operations contribute significantly to the block’s overall drilling activity.

Development Patterns:

Multi-Well Pads: Operators like Diamondback Energy typically develop multiple well pads, often utilizing several rigs simultaneously.
Existing Infrastructure: The presence of existing batteries and well pads indicates prior exploration activities, facilitating cost-effective further development.

Detailed Drilling Activity:

Well Planning: Licenses for wells in Block 36 were obtained in Q4 2023, with drilling commencing soon after.
Stack Play: This specific lease within Block 36 saw significant activity, focusing on multiple projected depths (stack play).
Rig and Well Details: Specific rigs (e.g., Unit 43, Nign 759) were used for drilling. Wells have been drilled and completed, though some remain unperforated, indicating ongoing completion processes.

Business Intelligence and Sales Opportunities:

Segmentation Benefits: By segmenting the block into smaller units, it’s possible to track drilling activities more precisely, aiding in identifying sales opportunities.
Operational Insights: Understanding existing infrastructure (e.g., batteries) and planned drilling activities helps in forecasting completion processes and potential future developments.
Communication with Operators: Engaging with operators like Diamondback can provide insights into their upcoming drilling programs, allowing for better planning and resource allocation.

In conclusion, Block 36T3S within the Midland Basin is a hub of significant drilling activity, with major operators like Diamondback Energy and XTO Energy actively developing the area. The existing infrastructure and strategic development patterns suggest ongoing and future opportunities for oil and gas production.