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Author Archives: jasonspiess

ExxonMobil to Triple Permian Production by 2025

ExxonMobil announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create an environment for increased ...

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Chevron Discovers Oil Reserves in the Deepwater Gulf of Mexico

Chevron Corporation announced a significant oil discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of Mexico, approximately three miles from Chevron’s Blind Faith platform, in water depth of 6,536 feet. The initial Ballymore well reached total measured depth of 29,194 feet and encountered more ...

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DUG returns, New Name and Attitude in Energy

The name DUG Rockies makes a comeback as Hart Energy adds new plays and  regions to the agenda for its annual DUG conference in Denver April 24-25 in the Colorado Convention Center. The 2018 DUG Rockies  program will feature speakers from Hess Corporation, Oasis Petroleum and Whiting Petroleum — and expand its focus beyond the Bakken and DJ basin developments ...

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GTUIT Hits Million Barrel Milestone

GTUIT®, LLC announced that the company has recovered more than one million barrels of natural gas liquids (NGLs) from oil producing wellsites that would have otherwise been combusted in a flare stack. GTUIT designed, built, and operated all the mobile associated natural gas processing units responsible for achieving the million barrel milestone. Brian Cebull, President and CEO, commented “We thank ...

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ND Gov. Burgum welcomes Hess and Targa’s $150M Bakken investment

Gov. Doug Burgum welcomed news today that Hess Midstream Partners and Targa Resources will build a $150 million gas processing plant near Watford City, as North Dakota produces record volumes of natural gas and approaches record high oil production. The Little Missouri Four gas plant will process 200 million cubic feet of gas per day at Targa’s existing Little Missouri ...

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Hess, Targa to build $150M Gas Plant

Hess Midstream Partners LP announced today the formation of a 50/50 joint venture with Targa Resources Corp. to construct a new 200 million standard cubic feet per day gas processing plant called Little Missouri Four (LM4). The new gas plant will be located at Targa’s existing Little Missouri facility, south of the Missouri River in McKenzie County, North Dakota. Targa ...

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ONEOK to invest $1.4B in natural gas infrastructure

ONEOK, Inc. announced plans to invest approximately $1.4 billion to construct a new pipeline, and related infrastructure, to transport natural gas liquids (NGLs) from the Rocky Mountain region to the company’s existing Mid-Continent NGL facilities. The Elk Creek Pipeline – an approximately 900-mile, 20-inch diameter pipeline that is expected to be completed by the end of 2019 – will have ...

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Recalling Halliburton’s refrac pilot program ACTIVATE

Although previous refracturing technologies were unpredictable and not very productive, Halliburton is seeing success with their ACTIVATE refracturing service pilot project. In a nutshell, ACTIVATE is essentially the monitoring of wells with fiber optics and microseismic technology. According to Halliburton, new well completions had less than 60 percent cluster efficiency and fracs of unequal length and width, 80 percent increase ...

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Refrac technology improving everyday, creating more production potential

saltwater and oil spill

Part 2-of-5 in a Series on ReFracs in the Bakken One of the newer trends many in the industry are talking about is the technology of refracking. This buzzword is creating an image of a strategy to cut costs and boost production output. Although previous refracturing technologies were unpredictable and not very productive, Whiting Petroleum is seeing success with their ...

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