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🎙️ Insights from the Permian Basin: Interview with Steven Jolley At the Executive Oil Conference & Expo in Midland, Texas Steven Jolly shared groundbreaking developments shaping the future of drilling and exploration in the region. Key Takeaways: ✅ Barnett Formation: Early exploration in the Andrews section of the Midland Basin shows promise, with wells drilled at ~10,500 ft true vertical depth. ✅ High-Density Row Developments: Operators like Coterra are achieving 10-15% savings through efficient pad and infrastructure designs. ✅ U-Turn Laterals: An innovative technique enabling operators to optimize recovery from constrained sections, delivering "very promising" production results. Technical Innovations Driving Change: 🔹 Remote well completion capabilities 🔹 Simultaneous fracturing (simul-frac) techniques 🔹 Advanced reservoir communication tools, such as fiber optics and wellbore tracers This conversation underscores the industry's relentless pursuit of efficiency, innovation, and strategic resource extraction. Exciting times for the Permian Basin! #PermianBasin #EnergyInnovation #Halliburton #OilandGas #Technology

There have been many advances in technology that improve your chances of success in the exploration industry. But boots-on-the-ground field exploration and knowledge are still necessary skills you should value in a team. Watch here: https://lnkd.in/e2uSHax6

Perth Basin Exploration Presentation - https://bit.ly/3LWYITN

The Ministry of #Industry_and_Mineral_Resources has extended the deadline for proposal submission for the 5th Round of Exploration to the 12th of May

Longer laterals (3+ miles) produce less per foot initially but decline more slowly, offering strong long-term economics, especially in high-quality rock. The Midland Basin dominates in deploying long laterals due to its more consolidated acreage, with ExxonMobil leading the way, drilling 135 such wells in 2024. The trend toward longer laterals, including emerging 4-mile tests, is a key driver of improved productivity and efficiency in the Permian Basin. https://lnkd.in/gBX3rwgX

Civitas is impressing with their cost savings, op efficiencies and tech advancements. The article is worth a read for all the details. Quick summary: • One year after entering the Permian Basin, Civitas Resources reports a 20% boost in production efficiency and a 15% reduction in costs. • Through advanced tech and sustainable practices, Civitas sets a new industry benchmark for efficiency and environmental responsibility in U.S. oil production.

Recently, I had the privilege of attending the Asia Petroleum Geoscience Conference and Exhibition (APGCE), where my teammate delivered an insightful presentation on our ongoing work in reservoir characterization. The presentation showcased our multidisciplinary approach to understanding reservoir dynamics and addressing key uncertainties—an effort critical to optimizing well placement in an upcoming redevelopment project. Our study integrates geological data with reservoir insights, combining simulated dynamic models and contact logging results to gain a deeper understanding of fluid contact movements. This holistic approach not only enhances the precision of reservoir management planning but also contributes to improved yearly recoverable reserves at the surface. The findings emphasize the importance of cross-disciplinary collaboration, particularly in leveraging advanced modeling techniques to reduce uncertainties and improve decision-making in hydrocarbon recovery. It was an excellent opportunity to share our knowledge, gather feedback from industry peers, and explore innovative solutions in reservoir management.

Join us for Jeff Lund's HGS Dinner Talk on Oct 15 at the Norris Center Registration link: https://lnkd.in/gwbAGdjP This presentation is also a personal journey of learning about the origin of petroleum geologists' profession and a passion for telling the fascinating tales few of us seem to know. Jeff will discuss Colonel Drake’s drilling venture, which changed the world, and the first commercial use of natural gas. Along the way, here are a few things you may find interesting to learn more about: How did the “First Independents” decide where to drill? Where does the term “wildcat” come from? Why do we measure oil volumes in terms of “barrels”? How does John Wilkes Booth enter the story? Why did Charles Lyell visit Fredonia, New York, in 1841? How did our profession “save” the whales from extinction? How did John D. Rockefeller create one of the largest corporations in history? And then get in trouble? And thereby provide many of us with our first jobs in the industry. Who first used surface casing to drill? When and how was the first “frac job” conducted? In short, how did the petroleum geology and petroleum engineering professions begin?

🌍 𝗧𝗛𝗘 𝗙𝗔𝗦𝗧𝗘𝗦𝗧 𝗚𝗥𝗢𝗪𝗜𝗡𝗚 𝗘𝗖𝗢𝗡𝗢𝗠𝗬 𝗢𝗡 𝗧𝗛𝗘 𝗣𝗟𝗔𝗡𝗘𝗧 𝗪𝗜𝗧𝗛 𝗝𝗨𝗦𝗧 𝟴𝟬𝟬,𝟬𝟬𝟬 𝗣𝗘𝗢𝗣𝗟𝗘 🌍 Back in 2022, my team and I were still students, yet we found ourselves at the Petroleum Arabian Conference and Exhibition (PACE) competing in SLB ’s competition. We presented a project that resonated deeply with industry experts: Drilling a wildcat well in a barely known formation and we had La Luna formation as an example, a geological treasure that had already brought monumental success to ExxonMobil in Guyana. Our focus was on French Guiana, a small country on the same coast, where the untapped potential of the La Luna Formation awaited discovery. We proposed the use of SLB’s advanced tools to drill a wildcat well, aiming to unlock what could be the next big find in the region. It’s incredible to reflect on how far we’ve come since then. That experience not only sharpened our technical skills but also broadened our horizons, showing us the transformative power of strategic exploration in lesser-known regions. 🌟 Fast forward to today, and Guyana stands as a testament to the possibilities that arise from such exploration. With a population of just 800,000, it’s now the fastest-growing economy in the planet, fueled by discoveries like the one we discussed. #OilAndGas #Guyana #EnergyExploration #Innovation