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Permian Basin production could rise, but Gulf of Mexico production could fall, Rystad’s Artem Abramov said.
What will be the next big thing in the North American oil patch? Look to “some things old, something new.”
MPD system enables operator to save time and money.
The API gravity for extracted crude varies across states, the U.S. Energy Information Administration said.
Operators managed to spud 78 deepwater exploration wells in 2016, while deepwater wells drilled had been cut by half.
The NRG Energy, JX Nippon and Hilcorp Energy project is capable of capturing more than 5,000 tons of CO2 per day, but the economics come down to oil prices.
At DUG Permian Basin, Laredo Petroleum CEO Randy Foutch acknowledged the challenges U.S. producers face, but said lower breakevens and more efficient technology have led to success.
Companies could save $90 billion through water management over the life of Permian Basin operations, according to industry executives at DUG Permian Basin.
Advanced subsurface modeling, extended laterals, pad drilling, optimized high-intensity completions and managed flowback are among the company’s focus areas.
Growing demand in Argentina’s central Pampas and Patagonia regions presents opportunities for investors as the country seeks to build three new gas pipelines.
Technology and investment opportunities were among the topics discussed during the conference.
E&P spoke with Scott Schmidt, vice president of drillbits for Baker Hughes, about the company's TerrAdapt adaptive drillbit.