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Pioneer Natural Resources Company, headquartered in Irving, Texas, was a company engaged in hydrocarbon exploration. It operated in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company was the largest acreage holder. [1] In May 2024, the company was acquired by ExxonMobil.
During the 1930s, a Dallas company known as the General American Finance System, founded by Algur H. Meadows, Henry W. Peters and Ralph G. Trippett, struggling through the Great Depression, began to finance drilling operations throughout Texas using oil reserves as collateral. This allowed Dallas to establish itself as the financing center for ...
The deal with Pioneer Natural vastly expands Exxon's presence in the Permian basin, a massive oilfield that straddles the border between Texas and New Mexico. Drilling the Permian accounted for 18 ...
Mud pump (#4) is a reciprocal type of pump used to circulate drilling fluid through the system. Mud tank (#1) is often called mud pits and stores drilling fluid until it is required down the wellbore. Setback (#17) is a part of the drill floor (#21) where the stands of drill pipe are stood upright. It is typically made of a metal frame ...
The column of drilling mud exerts downward hydrostatic pressure to counter opposing pressure from the formation being drilled, allowing drilling to proceed. When a kick (influx of formation fluid) occurs, rig operators or automatic systems close the blowout preventer units, sealing the annulus to stop the flow of fluids out of the wellbore ...
Directional drilling (or slant drilling) is the practice of drilling non-vertical bores. It can be broken down into four main groups: oilfield directional drilling, utility installation directional drilling, directional boring (horizontal directional drilling - HDD), and surface in seam (SIS), which horizontally intersects a vertical bore ...
Drilling rig – Integrated system to drill wells Emergency disconnect package – unit used in oil well intervention Pages displaying wikidata descriptions as a fallback Hydraulic fracturing – Fracturing bedrock by pressurized liquid Pages displaying short descriptions of redirect targets
What: Shares of oil-and-gas drilling specialist. Skip to main content. Subscriptions; Animals. Business. Entertainment. Fitness. Food ... Pioneer also grew 12% to $227.9 million, beating the ...
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