Recovering more for less is the ultimate goal for operators and service companies.
While sand sales to oil and gas customers fell 1% sequentially, pricing was "significantly lower" with new mines coming online in West Texas and overcrowding the market.
Research shows the company has been able to yield up to 80% more oil in the Eagle Ford from its gas injection process.
Experts at DUG Eagle Ford said data is the gateway to mitigating parent-child well interference and returning productivity.
The company will use surfactant polymer injection in the Tanjung Field to pump oil from reservoirs that can’t be extracted through the conventional methods.
The Indonesian company fears production from aging fields could slip further if EOR projects are not implemented.
Occidental Petroleum is partnering with Canada-based Carbon Engineering to build a new multimillion-dollar direct air capture plant in the Permian Basin.
Shale’s lure of quick returns has put EOR on the bench, but some companies prefer the long game.
Carbon Engineering has exceeded its financing target which will enable it to deploy its first commercial operation to remove CO₂ directly from the air.
Occidental Petroleum, the holder of the largest net acreage of drilling rights in the Permian Basin, pins hopes on EOR using captured greenhouse gases.