Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately US$4.5 billion.
SmartFleet gives operators real-time fracture control while pumping by integrating subsurface fracture measurements, live 3D visualisation, and real-time fracture commands.
The Ideal electric frac fleet aims to reduce greenhouse gases and make a substantial impact on total cost of ownership for operators.
Francois Laborie, Cognite, US, considers how to optimise the fraccing value chain through open data in a low-priced oil market.
A Rystad Energy analysis shows that new operations are now set to rise to above 400 wells in July, and recovery will be especially evident in the Permian Basin, where activity has nearly tripled.
The fracture stimulation of the Vali-1 ST1 well, which is to be followed by flow testing, is expected to commence on 12 July 2020.
The shale company has voluntarily filed for Chapter 11 protection in the US Bankruptcy Court for the Southern District of Texas.
The Permian-based producer used Cold Bore Technology’s SmartPAD, which delivers real time, sensor-driven tracking of ultra high-resolution fraccing operations data with analytics.
The backlog, which will likely increase in June, is equivalent to about two years of fraccing at the current pace, according to Rystad.