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African national oil companies (NOCs) partnering with independents to drive E&P

Oil & Gas 360ยบ

Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront. Algerias Sonatrach will increase hydrocarbon production by 2.5% Algerias Sonatrach will increase hydrocarbon production by 2.5%

E&P 130
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When Numbers Lie: What Permian Basin Spacing Trends Donโ€™t Tell Us About Well Performance

Novi

As an operator decides between 440, 660, or 880 foot spacing, what are the production impacts in each scenario? What about varying completions alongside spacing? In this series, we will explore the reasons behind these limitations, and the corrective solutions implemented by Novi algorithms.

Basin 52
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Whatโ€™s Next for Diversified Energy? Exploring the $1.3 Billion Maverick Deal

Rextag

Upon completion, the merged entity will hold an enterprise value of roughly $3.8 Maverick, based in Houston, focuses on oil and gas production primarily in Texas and Oklahoma, including assets in the Western Anadarko Basin. energy production spanning Texas and New Mexico. billion, including debt.

Energy 40
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URTeC 2024 Recap: Insights and Highlights from the Novi Team

Novi

The highlights and links to the papers are here: Enhancing Production Efficiency: The Impact of Precision Targeting in the Midland Basin We highlighted the production and economic effects of the landing zone and the benefits of landing wells in the top half of the Lower Spraberry Shale or high in the Jo Mill.

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Forecasting Pads with Spacing Variation: Standard vs Causal Models

Novi

In part 2 , we created a data-driven model using 11,176 wells from the Delaware Basin and features representing geology, completion intensity, spacing, and timing. Directionally, the model learns the correct relationship between spacing and production, but the magnitude of penalty for tight spacing is insufficient.

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Upstream Midstream Downstream โ€“ What is the Difference?

Aresco

Upstream Midstream Downstream are terms commonly used in the oil and gas industry to describe different stages of the production and distribution process. Downstream is the refining and processing phase, where crude oil is transformed into refined products and chemicals. What is oil and gas upstream midstream downstream?

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Going Horizontal

Permian Basin Oil and Gas Magazine

So, the longer the laterals connected to each vertical hole, the more of the formation is exposed to production. Raoul LeBlanc That formula has also led producers to push the boundaries of technology in several facets of production. Nick Pottmeyer Nine Energy Service handles many completion procedures.