Completion

Permian Basin operator Callon Petroleum Co. is considering strategic options amid takeover interest from rival oil and gas players, people familiar with the matter said, as dealmaking accelerates in the U.S. energy industry.

U.S. oil producers are about to ease up on their growth in capital spending, indicating that the pace of shale output may slow down after American production rose to record levels this year.

This transaction forms a comprehensive cementing business to better serve Permian oil and gas operators and is complementary to ProPetro’s industry-leading hydraulic fracturing and wireline completions businesses.

Join us for an innovative collaboration between ShearFRAC, Drill2Frac, and Corva, designed to revolutionize your completion operations through data-driven solutions. The journey to enhanced capital efficiency begins with Drill2Frac’s characterization of the lateral, providing a solid foundation for proactively developing an optimized completion strategy for the actual well drilled. During the stimulation treatment, ShearFRAC will showcase how pressure responses are continuously monitored, enabling real-time recommendations for operational adjustments. This process ensures that your operations remain responsive and adaptable, leading to improved performance. These processes are made possible through Corva's cloud-based data capture and analytics platform. This technology fusion paves the way for accelerated production recovery, minimizes fracture-driven interactions, reduces completion costs, and lessens the environmental footprint of your operations. We will equip you with the knowledge and insights necessary to harness the power of data and analytics, empowering you to enhance capital efficiency across the entire completion value chain.

The total includes 709 to drill new oil or gas wells, 10 to re-enter plugged wellbores and 80 for re-completions of existing wellbores.

(WO) — Vitesse Energy has acquired additional oil and gas interests in the Williston basin of North Dakota, resulting in approximately $50 million of acquisition and related development capital expenditures, primarily in the third and fourth quarters of 2023., the company said on Oct. 9.

Kolibri Global Energy reported that its latest set of down-spaced wells in the Tishomingo field, Oklahoma, are yielding higher production rates compared to its earlier wells in the same area

Civitas Resources entered into an agreement with Vencer Energy, a Vitol investment, to acquire oil-producing assets in the Midland basin of West Texas for approximately $2.1 billion.

The Permian Strategic Partnership welcomed its 25th member, Liberty Energy, a North American oil field services firm that offers suites of completion services and technologies to onshore oil and natural gas exploration and production companies.

Advancements in open-hole ball-activated drop systems ensure reliability, enabling operators to pump more proppant and fluid at higher rates to maximize production potential in long laterals.

(WO) — Canadian Overseas Petroleum Limited (COPL) and its affiliates have signed a non-binding letter of intent (LOI) for a joint venture to develop its Cole Creek project in Converse and Natrona Counties, Wyoming, the company announced on Monday.

To date, inVision completion technology has delivered more than 95,000 stages without a single wireline or pressure control incident while utilizing the IWS system.

The combined company will have a best-in-class operational and technology portfolio, along with data analytics to maximize well performance. Specifically, the merger will create a leading U.S. contract drilling business with 172 super-spec drilling rigs and a directional drilling business.

An analytical model, based on CFD and discrete element modeling, simulates treatment placement efficiency and diversion effectiveness in HPHT fractured carbonate reservoirs. Application of the innovative technique increased expected production 20% in a North American well.

By identifying the numerous barriers obstructing 24/7 reservoir fracturing, a newly developed system utilizes advanced processes and technologies. The system has led to gains in operational efficiency, consistency and safety, enabling operators to fracture a reservoir more hours/day compared to standard procedures and techniques.

Cemented ball-drop sleeves enable operators to reduce cost and operational risk, while helping achieve optimal pumping rates to improve production potential in extended-reach laterals.

The decision was made to TD the well, having reached the target and penetrated the crestal portion of the microfracture swarm. The horizontal well will now be completed as a producer with over 2,500 feet of open hole within the Austin Chalk interval.

(WO) — Halliburton Co. has announced the implementation of the Auto Pumpdown service within Halliburton’s hydraulic fracturing business. The Auto Pumpdown service enables wireline and pump automation during unconventional completions operations.

The State 36-2 well intersected a major natural fracture network in the Cane Creek reservoir, which led to a significant influx of hydrocarbons into the wellbore.