Operators in the Permian Basin in Texas will continue to drill unconventional wells with longer laterals and large amounts of proppant, although moderate production gains are expected next year, industry analysts say. Capital expenditures are going up, companies are capitalizing on areas with dynamic shale formations and operators are dealing with an increase in drilled-but-uncompleted wells.
Unconventional wells still effective in Permian Basin, analysts say
Sign up for API SmartBrief
Oil and natural gas industry news
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.