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Deepwater wellbore integrity can be defined as the application of relevant engineering techniques and operational measures in deepwater drilling to control related risks during the drilling process, ensuring that deepwater oil and gas wells are always in a safe state throughout their entire life cycle.
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.
Margins matter. The more Pioneer Drilling (ASE: PDC) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
In drilling a typical high-pressure well, drill strings are routed through a blowout preventer stack toward the reservoir of oil and gas. As the well is drilled, drilling fluid , "mud", is fed through the drill string down to the drill bit, "blade", and returns up the wellbore in the ring-shaped void, annulus , between the outside of the drill ...
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Pioneer Natural Resources Reports Year-End 2012 Proved Reserves and Finding Costs DALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company (NYSE: PXD) ("Pioneer" or "the Company") today ...
Shear rams may be used as a last resort [17] to cut through the drill pipe and shut off everything, including whatever might be coming up inside the drill pipe. Studies done for the Minerals Management Service have questioned the reliability of shear rams in deep-water drilling. Figure 1 shows the result of a 2002 study on offshore oil rigs.
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