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The acquisition is expected to add 3.4 Bboe, bringing ExxonMobil’s Permian resource base to 6 Bboe, the company said.
Since 2014, more than 200,000 jobs have been lost in the industry. Many of those experienced employees have called it quits for good.
Sanchez and private-equity company Blackstone Energy will pay in equally for 155,000 net acres in the Eagle Ford while Anadarko looks to spend in the D-J and Permian basins.
Particle analysis and real-time tracking are just two of many areas where new technologies are driving innovation in proppant efficiency and well productivity.
To better gauge resource potential, ExxonMobil said the discovery is being evaluated with two sidetracks drilled. A well test is underway.
In a first-of-its-kind application, subsea LiDAR delivers the data needed to 3-D print an accurate physical model of a damaged subsea part.
Technology has great potential to reduce HSE risks.