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[Permian Update] Total production topped 5 million b/d, with 5,474 horizontal wells completed last year alone, 15% more than in 2021.

Energy Central

This article contains still images from the interactive dashboards available in the original blog post. Visit the blog to explore the full interactive dashboard This interactive presentation contains the latest oil & gas. To follow the instructions in this article, please use the interactive dashboards.

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When Numbers Lie: What Permian Basin Spacing Trends Don’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.

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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. We observed that the model does identify an increased production trend with wider spacing, but by a magnitude of less than 10% when taking a well from a 440ft spacing to unbounded.

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How Do Solar Panels Function in Snowy and Cold Conditions?

Navigate Power

Article at a glance Grid-tied energy systems help balance seasonal variations in production. Home battery systems complement wintertime renewable energy production. Snow coverage on solar panels does not wholly halt energy production. Even cloudy days contribute to solar energy production through diffuse light.

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Louisiana Second Circuit Provides Clarity on Production in Paying Quantities and Affirms Lease Cancellation Under Mineral Code Article 140 for Failure to Pay Royalties

The Energy Law

On June 2, 2017 the Louisiana Second Circuit Court of Appeal affirmed a trial court’s judgment cancelling a mineral lease under Mineral Code article 140 and provided further clarity on a production in paying quantities analysis under Louisiana Mineral Code article 124. [1] Tauren Exploration, Inc. Tauren Exploration, Inc.

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Five Lessons Learned from Executing Shale Drilling Transactions

The Energy Law

In these transactions, the Drilling Party pays for or “carries” all or a substantial portion of the Lease Party’s share of the costs of drilling and completing one or more wells on the leases (“Earning Wells”). This incentive may help the Lease Party find a willing partner to drill in an otherwise down market for drilling transactions.

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Using ArcGIS REST Services as Power BI Data Sources (Part 2)

Exprodat

If you worked through the process that we outlined in part one of this blog , you know there are quite a few steps involved in transforming a REST endpoint URL into a Power BI data table. So, this second part of the blog provides a nice shortcut for you: a pre-configured Power BI report. Download the zipped Power BI report (.pbix)

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