ConocoPhillips is leveraging automated artificial intelligence (AI) and machine learning (ML) workflows to make more efficient and economically sound decisions for its nonoperated assets in the Permian Basin. According to Tom Williford, a reservoir engineer at ConocoPhillips, these tools are crucial for rapidly evaluating opportunities and responding to asset operators within the required decision-making window, typically 30 days. https://lnkd.in/g-tgRQ2N
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Eagle Ford new well permits last 30 days by Operator and County. Get detailed Eagle Ford reports https://lnkd.in/djqsZ6xt
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The global AI market size was valued at $136.55 billion in 2022. It is expected to grow at a compound annual growth rate (CAGR) of 37.3% from 2023 to 2030. This statistic underscores the significant expansion of the AI market, indicating robust investment and development in AI technologies and applications across various industries. The high CAGR suggests a rapidly increasing adoption of AI solutions, driven by advancements in technology and growing awareness of AI's potential benefits.
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New Mexico rig count last 30 days by Operator and County - stay informed with EnerleadPlus https://lnkd.in/gtQYhq4p
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The table shows the Operators with the largest decline in wells drilled count over the first 6 months of 2024 vs first 6 months of 2023. Looking for market research to improve sales & marketing results? https://lnkd.in/gz5k5Acm
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Rig Count Data in Detail - Total U.S. Rig Count: Current Count: 585 rigs (as of July 5), Previous Week: 581 rigs, Year-Ago Count: 680 rigs, Onshore Rigs: 562 (up from 560), Offshore Rigs: 23 (up from 21). Get weekly reports https://lnkd.in/gAwiwmCF
U.S. Rig Count Rises: Increased Exploration Activity
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VTX Energy has drill 22 wells located in Reeves County, TX in 2024. Download drilling report https://lnkd.in/g59vUPXM
VTX Energy Partners
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Google Earth - Rig - Precision 599 - Reeves, County, TX - VTX Energy Partners - get the latest drilling information https://lnkd.in/gtQYhq4p
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Top 20 Operators by wells drilled in the Permian over the first six months of 2024. YTD the Permian has had 333 more wells drilled in the first half of 2024 vs the same period in 2023. Stay informed subscribe to EnerleadPlus https://lnkd.in/gtQYhq4p
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Permian Resources has reduced drilling from 22 days to 18 days through rig high-grading. We did a poll asking our Linkedin network with was the biggest benefit for the Operator from high-grading its drilling fleet. The number 1 result from the poll with 55% of the poll was “Improved Efficiency”. https://lnkd.in/gzzvCQ6W
Improved Efficiency the biggest impact of Drilling Rig High-Grading
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