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Expanding Machine Learning Models for Better Production Forecasting in Emerging Shale Basins

Novi

As consolidators move to acquire acreage in core shale basins, smaller operators are looking for opportunities in underappreciated basins and fringe areas in core basins. Forecasting the Northwest Shelf of the Delaware Basin One of these new areas of interest is the Northwest Shelf of the Delaware Basin.

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Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

The bid round is expected to attract foreign investors and drive exploration activities across Libyas resource-rich basins, enabling global energy companies to engage in a market that has remained largely unexplored for nearly two decades. Meanwhile, the Sabratha Compression Project is in execution, with startup expected later in the year.

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From Wellhead to Water: How Midstream Companies Are Shaping the Future of Energy Exports

Oil Gas Leads

This “Wellhead to Water” strategy is particularly evident in the Permian Basin, where crude oil, natural gas, and natural gas liquids (NGLs) production is growing rapidly. By integrating these components, companies reduce costs, optimize asset utilization, and eliminate dependence on third-party infrastructure.

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Unlocking the power of data for sustainable water management with AWS

AWS: Energy (Oil & Gas)

Focus on water-intensive industries: Certain industries, such as power generation, oil and gas extraction, and utility operations, are particularly water-intensive. The Permian Basin , one of the most productive oil fields in the U.S., For example, thermoelectric power plants rely on vast quantities of water for cooling systems.

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Office Functions: There is a Better Way

Permian Basin Oil and Gas Magazine

With Tiny Pumper, his goal was to provide those companies with 99 percent of that utility for less than 5 percent of the cost, and to be installed in less time than it takes you to tie your shoe, he said. This is especially valuable in high-transaction environments like the Permian Basin, Elchitz observed. Data-Driven Decision Making.

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How Do We Inform a Model About a Well’s Surroundings?

Novi

In Part 4 of this series, we introduced causal modeling , and its utility in debiasing horizontal well datasets. In Figure 2 we see the results of different spacing scenarios on our Delaware Basin test pad. Figure 1: Winerack scenarios in the Delaware Basin. Scenario with 2 wells per section per zone not pictured.

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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

The increase was primarily due to higher volumes in the Permian Basin, which was related to a 9% increase in legacy Permian throughput, as well as the addition of the Crestwood and WTG assets in November of 2023 and July of 2024, respectively. Adjusted EBITDA was $705 million compared to $674 million for the fourth quarter of 2023.