http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png 0 0 RSS FEED http://signaloil.wpengine.com/wp-content/uploads/2015/10/Signal-Oil-logo-red-300x32.png RSS FEED2018-10-05 03:13:502018-10-05 03:13:50A Glimpse Into Oxy’s Artificial Lift Strategy
A Glimpse Into Oxy’s Artificial Lift Strategy
Faced with the challenge of getting the most out of its 18,000 producing wells worldwide, Occidental Petroleum (Oxy), the Permian Basin’s largest operator, relies heavily on a variety of artificial lift technologies and EOR mechanisms. Those efforts resulted in Oxy producing 639,000 boe/d in the second quarter of the year, according to the company’s second-quarter 2018 investor report. That amount is expected to reach as much as 664,000 boe/d by the end of the year, with more than half of that production (about 374,000 boe/d) coming from Oxy’s Permian Basin operations.