Marek Kozikowski, Ph.D.

Say goodbye to manual data collection and hello to real-time insights. Iso-Smart™ provides corrosion professionals with remote, accurate, and actionable asset data at their fingertips. Watch our video to see how Iso-Smart™ transforms pipeline monitoring! Learn more & book a demonstration:

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36 Wells Per Section in the Permian? No, you haven't traveled back in time to 2018. By adding new target zones, operators in the Delaware core have brought back the cube. This is an overlooked part of the Permian inventory story -- let's dive in! Perhaps the most famous unit in shale, Concho's Dominator made the front page of the Wall Street Journal in 2019 as production fell below expectations, dragging down Concho's stock price with it. As results from other tests rolled in, operators across the Lower 48 scaled back their planned density, part of a broader realignment towards capital efficiency and away from growth. So how is that ConocoPhillips, after acquiring Concho, managed to fit 12 additional wells into the Dominator unit? By going upsection into the First and Second Bone Spring and drilling at about half the density as the original Wolfcamp Wells. We are currently forecasting these "infill" Bone Spring wells at 94 barrels/ft EUR (note that they are 5k' laterals). COP isn't the only operator accomplishing high density with this strategy in the Delaware core. EOG's Green Drake and Ruthless units show similar results, and ExxonMobil has recently infilled 11 Bone Spring wells above the Wolfcamp at the St. Kitts unit (we will definitely watch this unit for results as they come in). How should we think about this secondary target performance? Across these three units, the Bone Spring averages 81 bbl/ft EUR. Those wells would be above the 90th percentile in the Eagle Ford, Bakken, and Uinta, and are above the 75th percentile in the Permian. Our perspective on Permian secondary inventory for a long time had been "you can make a great meal of the scraps from the King's table." But looking at performance of these Bone Spring wells, emerging Spraberry targets over in the Midland, and deeper targets like the Wolfcamp D & Barnett has us thinking that these emerging zones aren't just reheated leftovers: they're incredible plays in their own right, located in the same rock column as the world-beating upper Wolfcamp. To be clear, we're not expecting any new zones to be another Wolfcamp A, but their impact on Permian inventory life can't be ignored. In our latest inventory model, Wolfcamp A (including X-Y) wells represent only a little over a quarter of remaining Delaware inventory. It's thanks to the innovation of operators like ConocoPhillips and EOG that the basin has such a long runway left, something we should be grateful for with supply threats hanging over the Middle East. #permian #oilgas #cube

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‘Tis the Season for Midstream Deals and Decisions in the Permian Jingle bells are ringing this week in the Land of Oil and Gas A-plenty where midstream operators are already unwrapping holiday gifts. Reese Energy Consulting today is following the latest from the Permian, starting with Midland, Texas-based rockstars Kinetik Midstream and E&P Permian Resources. Kinetik, which in short order has become the Delaware’s largest independent gatherer and processor, operates 4,600+ miles of natural gas and crude oil pipe, and six gas plants with another under construction and another one planned. The company in 3Q reported $83.7 million in net income—a 94% increase year over year—and fattened its stake in Diamondback Energy’s EPIC crude pipeline to 27.5%. Kinetik will now further expand its “super system” in a $180 million bolt-on deal for Permian Resources’ Delaware oil and gas midstream assets. Kinetik gains 60,000 gross acres dedicated by Permian Resources under long-term, fixed-fee agreements that include 150 MMCFD and an estimated 250 MBPD next year, 250 MMCFD of compression, and natural gas processing. For its part, Permian Resources is sticking to its guns to remain the Delaware’s lowest-cost operator. This, after announcing a third consecutive increase to its full-year production targets and 160.8 MBPD announced in 3Q. Rock on, rockstars. Energy Transfer meanwhile has gifted Permian producers with a FID on the formerly named Warrior natural gas pipeline project. Now known as the Hugh Brinson, the 400-mile pipeline will flow an initial 1.5 BCFD from the Waha Hub to its pipeline connection south of Fort Worth. Phase I completion is expected by year end 2026 to be followed by Phase II which will increase capacity to 2.2 BCFD. Jingle all the way. What do you think? Learn more about REC and our range of midstream services at https://lnkd.in/ewhkGFa. For more info about our online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.  

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‘Tis the Season for Midstream Deals and Decisions in the Permian Jingle bells are ringing this week in the Land of Oil and Gas A-plenty where midstream operators are already unwrapping holiday gifts. Reese Energy Consulting today is following the latest from the Permian, starting with Midland, Texas-based rockstars Kinetik Midstream and E&P Permian Resources. Kinetik, which in short order has become the Delaware’s largest independent gatherer and processor, operates 4,600+ miles of natural gas and crude oil pipe, and six gas plants with another under construction and another one planned. The company in 3Q reported $83.7 million in net income—a 94% increase year over year—and fattened its stake in Diamondback Energy’s EPIC crude pipeline to 27.5%. Kinetik will now further expand its “super system” in a $180 million bolt-on deal for Permian Resources’ Delaware oil and gas midstream assets. Kinetik gains 60,000 gross acres dedicated by Permian Resources under long-term, fixed-fee agreements that include 150 MMCFD and an estimated 250 MBPD next year, 250 MMCFD of compression, and natural gas processing. For its part, Permian Resources is sticking to its guns to remain the Delaware’s lowest-cost operator. This, after announcing a third consecutive increase to its full-year production targets and 160.8 MBPD announced in 3Q. Rock on, rockstars. Energy Transfer meanwhile has gifted Permian producers with a FID on the formerly named Warrior natural gas pipeline project. Now known as the Hugh Brinson, the 400-mile pipeline will flow an initial 1.5 BCFD from the Waha Hub to its pipeline connection south of Fort Worth. Phase I completion is expected by year end 2026 to be followed by Phase II which will increase capacity to 2.2 BCFD. Jingle all the way. What do you think? Learn more about REC and our range of midstream services at https://lnkd.in/ewhkGFa. For more info about our online natural gas training courses, visit us at https://lnkd.in/ggd3UkJM.  

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ONEOK is buying a set of NGL pipelines for $280 million. The announcement says a lot about contemporary oil & gas strategy. Let’s start with the corporate speak: ====== "This strategic acquisition provides the quickest pipeline connectivity to and within the critical supply and demand centers for our NGLs, refined products and crude oil assets in the Gulf Coast," said Pierce H. Norton II, ONEOK president and chief executive officer. ====== The word “quickest” is incredibly important here. As I’ve remarked before, today’s oil & gas industry is all about time to value. Investors have no patience for future windfalls. The future is way too uncertain. They want to see value today, and often that value is from increased cash flows, a fraction of which go directly to shareholders. You can compare this path – buying existing assets – with the alternative of building your own new pipeline system. Building new systems can be expensive, slow (because of permitting and just general construction limitations), and risky. It’s much easier to buy something in place and integrate it in short order. That’s what ONEOK is committing to do. Another critically important part of the above quote is the mention of the Gulf Coast. Again, with uncertainty at unprecedented levels across the oil & gas landscape, investors prefer a geographical concentration in the most resilient areas of supply and demand. The Gulf Coast certainly qualifies. The Gulf Coast has existing infrastructure, access to land- and water-based distribution networks, and operational efficiencies that will allow it to remain competitive far longer than other, less favorable marketplaces. What then did we learn about contemporary oil & gas strategy from this ONEOK announcement? ➊ Moderate, tangible value today is worth much more than potentially larger, more speculative value in the future. ➋ The Gulf Coast should be one of the last regions to become stranded as decarbonization momentum builds. Investment there is preferred. ONEOK’s move here is showing us why “consolidation” is the name of the game in oil & gas today. #energy #oilandgas #ksg 𝘗.𝘚. 𝘈𝘵 𝘒𝘚𝘎, 𝘐 𝘩𝘦𝘭𝘱 𝘦𝘯𝘦𝘳𝘨𝘺 𝘢𝘯𝘥 𝘪𝘯𝘥𝘶𝘴𝘵𝘳𝘪𝘢𝘭 𝘭𝘦𝘢𝘥𝘦𝘳𝘴 𝘯𝘢𝘷𝘪𝘨𝘢𝘵𝘦 𝘤𝘰𝘮𝘱𝘭𝘦𝘹 𝘮𝘢𝘳𝘬𝘦𝘵𝘴 𝘢𝘯𝘥 𝘦𝘮𝘱𝘰𝘸𝘦𝘳 𝘵𝘩𝘦𝘮 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘵𝘰𝘰𝘭𝘴 𝘢𝘯𝘥 𝘪𝘯𝘴𝘪𝘨𝘩𝘵𝘴 𝘵𝘩𝘦𝘺 𝘯𝘦𝘦𝘥 𝘵𝘰 𝘣𝘶𝘪𝘭𝘥 𝘵𝘩𝘳𝘪𝘷𝘪𝘯𝘨 𝘢𝘯𝘥 𝘳𝘦𝘴𝘪𝘭𝘪𝘦𝘯𝘵 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴𝘦𝘴. 𝘐𝘧 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘯𝘦𝘦𝘥𝘴 𝘢𝘳𝘰𝘶𝘯𝘥 𝘮𝘢𝘳𝘬𝘦𝘵 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩, 𝘱𝘳𝘪𝘤𝘪𝘯𝘨 & 𝘱𝘳𝘰𝘧𝘪𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺 𝘢𝘯𝘢𝘭𝘺𝘴𝘪𝘴, 𝘰𝘳 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘤𝘶𝘮𝘦𝘯 𝘵𝘳𝘢𝘪𝘯𝘪𝘯𝘨 & 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵, 𝘴𝘦𝘯𝘥 𝘮𝘦 𝘢 𝘯𝘰𝘵𝘦. 𝘐’𝘥 𝘭𝘰𝘷𝘦 𝘵𝘰 𝘥𝘪𝘴𝘤𝘶𝘴𝘴 𝘪𝘧 𝘪𝘵 𝘮𝘢𝘬𝘦𝘴 𝘴𝘦𝘯𝘴𝘦 𝘧𝘰𝘳 𝘶𝘴 𝘵𝘰 𝘤𝘰𝘭𝘭𝘢𝘣𝘰𝘳𝘢𝘵𝘦. https://lnkd.in/gtSQCFvt

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Continuous Improvement in the Permian Basin! 🌟… We just wrapped up a fantastic new hire orientation in the Permian Basin, where we introduced our team to the fundamentals of continuous improvement/lean. In an industry where lean practices aren't always the norm, it was energizing to see such high engagement from our new employees as we dove into concepts like: - Identifying waste (muda) and how it impacts efficiency - Understanding the flow of information and materials through kanban pull systems 📦 - Building a mindset of continuous improvement to drive improved customer experience Check out this video to see these principles in action; the team improved the simulated manufacturing line by implementing 5S, visual pull signals, and balancing operator work! Great to see new employees (from all functional areas) embracing these principles right from the start!

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🔸ACQUISITION: Voyager Midstream Acquires East TX #NaturalGas Gathering & Processing Assets From Phillips 66- Read More: https://lnkd.in/g98fzFbS ❗ Transaction Includes: 👉 550 miles of natural gas pipelines and associated compression 👉 400 million cubic feet per day of active cryogenic gas processing capacity 👉 12,000 barrels per day of liquids fractionation capacity

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With money being expensive, high ROI & IRR projects are in demand. Check out EAG's recent study on ReFracs in the Haynesville.

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My invention of the four column square ring pontoon deep draft semisubmersible Multi Purpose Semi-Submersible, Lang’ s MPSS, now, after more than forty years , the standard semisubmersible.

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Where are the biggest shale wells being drilled today? Since 2023, we're forecasting >1 million barrel-equivalent ultimate production for 1,509 wells across Lower 48. The Permian dominates, but there are exciting developments in other basins too -- let's dig in! First, a little caveat: I am also filtering to wells with >750,000 barrels EUR, otherwise gas wells would dominate the list. Setting that aside, the Permian is the clear leader by this metric, with 1,449 million barrel wells drilled since 2023. The Delaware dominates, with over 90% of millionaire wells, reflecting the outlier nature of the basin. Taking out the Permian, the Uinta is the leading basin, with twenty-four 1MMBOE wells. Recently-acquired XCL Resources tops the ex-Permian chart with seventeen, and their in-basin neighbor Ovintiv comes in second with seven. (Shameless plug: reach out for a copy of our recent XCL-SM acquisition analysis to learn more about the deal). The Appalachian Utica comes in as the next-largest emerging million-boe play, with our models forecasting 10 wells since 2023 hitting that threshold. Encino, Antero, Ascent, and EOG show up on our list here. With a higher gas-fraction, these Utica-Pt. Pleasant wells standout on total recovery compared to the others on this list: they are essentially both massive oil and massive gas wells at the same time. Most of the remaining non-Permian million-boe wells are in classics like the Williston, Eagle Ford, and Anadarko, which are still turning out top-notch wells even 15+ years into their development. Impressive! #permian #uinta #utica #oilgas

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I like the information the Dallas Fed releases on energy, especially relating to the oil and gas industry (Q1 2024 survey linked in comments) This chart from their last quarterly survey keeps sticking in my mind.... The profitable price of development is going up and is $64/bbl on avg. This makes sense as operators are moving into Tier 2+ rock (less productive) and face inflated costs of services along with higher cost of capital. I think a lot about how our industry innovated in the late 90's through ~2010 and I wonder what might be the next innovation that pushes recoveries even further....

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Who drilled the best wells in Lower 48 last year? At this point, we have enough data across all basins to make a ranking! In 2023, the private operator Kaiser Francis crushed it, with their 19 wells in the Permian making an average of 305k barrels in their first 12 months. Other top Permian operators like Marathon, Coterra, ConocoPhillips, and Oxy also rise to the top, but surprisingly, two Uinta operators round out the top six: Ovintiv and XCL. We have been covering the incredible Uinta a lot over the past couple years, but it’s great to see the potential translate into this kind of performance. Despite being the earliest unconventional basin, the Williston saw excellent well results last year: Grayson Mill, Chord, Marathon, and XOM all landed in the top 12. Counter-narrative, operators have extended high performance there despite a mostly-drilled play core. In our age of consolidation, many of the largest operators make this list in multiple basins, including ConocoPhillips (Permian, EF), ExxonMobil (Williston, Permian), Devon (Permian, Williston), and Oxy (Permian, PRB). However, it’s still heartening to see top privates here like Kaiser Francis, XCL, Grayson Mill, and Mewbourne, even if they’re being acquired! Encino Energy rounds out the list as the only Appalachian player, thanks to excellent Utica well results. They would rank a lot higher if BOEs were included! However, even using a 20:1 equivalency would result in a list filled with Haynesville and Appalachian operators, a reminder of just how energy-prolific shale gas wells can be. Who will top the list in 2024? Coterra currently sits atop our ranking (using forecasted production to generate a 1-year cumulative), though not as many operators make our 15 wells in-basin per year cutoff. Across Lower 48, 2024 is looking even more productive than 2023 and has the potential to be the most productive year ever for unconventionals. Next year’s ranking will be interesting! #oilgas #permian #energy

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FLOW published on Permian GOR's yesterday. Since this topic brings out the crazies, we detailed empirical evidence of what is changing, and what is not changing. Some surprises. We walk through formation targets, geographies, base declines, and cube development effects. We also investigate the surprises and look at good and bad case studies. This topic is important for both the oil and gas macro picture.

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Missed the Texas Integrity Acid Solutions LLC episode of the @Oil and Gas Start Up Podcast? Our CEO and Managing Partner at Texas Integrity Acid Solutions LLC, Britton Siegert, sat down with the team at Digital Wildcatters to discuss his journey of launching his groundbreaking technology in an industry that often finds it challenging to embrace change. He shared the challenges faced when introducing the Acid Cannon to the market and how critical it is to have a clear vision and be prepared when opportunity knocks. Whether you're a startup or an established business, his insights on navigating a dated industry with innovation are invaluable. 🎙️LINK: https://lnkd.in/e-NX_pkw Catch the episode to hear about the vision behind Texas Integrity, the hurdles we’ve overcome, and how we’re continuing to push the boundaries in the completion process. #TexasIntegrity #OilAndGas #AcidCannon #Innovation #Podcast #ChallengesAndOpportunities #IndustryVision

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The Power Behind Innovation: Engineers Fueling Your Competitive Edge Hiring engineers isn’t just about filling roles; it’s about investing in the very people who will drive your business’s innovation and growth. A National Bureau of Economic Research study found that companies prioritizing skilled engineering talent see productivity gains up to 15% higher than their competitors. So, how do you hire the right engineers who’ll make this impact? 1. Look for Real-World Experience: Engineers with hands-on experience understand the theory and the practical applications that improve productivity and solve real problems. 2. Prioritize Continuous Learners: Engineering advances quickly, so those who seek ongoing education and certifications bring the latest knowledge and skills to your business. 3. Emphasize Collaborative Skills: Engineers who work well with cross-functional teams bring fresh perspectives to projects, enhance innovation, and lead to more integrated, effective solutions. 📈 The Takeaway: The right engineers bring far more than technical skills—they bring resilience, problem-solving, and an innovative mindset that keep your business ahead in a volatile economy. Are you ready to invest in tomorrow’s competitive edge? #Engineering #Innovation #BusinessGrowth #Hiring #Manufacturing #TalentAcquisition #ProductivityBoost

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🌟 From Clunky to Clever: Our Quest to Redefine Training In our industry, witnessing operators fumbling through cumbersome manuals has become an all-too-familiar scene. These dedicated professionals are often the unsung heroes of oilfields in Oklahoma, gas plants in Texas, compressor stations in Wyoming, and beyond. They shoulder the immense responsibility of maintaining safety and efficiency, yet they're equipped with tools that seem almost archaic. Why, in an era where technology reshapes every corner of our lives, are these crucial players left with resources that hinder rather than help? Our team couldn't just stand by. With decades of collective experience in heavy industry, we've felt the frustration firsthand and recognized the desperate need for change. That’s why we embarked on a journey not just to create another tool, but to forge a revolution—a digital ally that could transform the training landscape entirely. We envisioned a platform where complex procedures become interactive dialogues, where every question an operator has can be answered instantly, not after hours of searching. Where training is not just a hurdle to overcome but an ongoing, engaging process that grows with you. Imagine a tool so intuitive, it feels like it reads your mind. With every interaction, it understands your needs better, helping you transition from uncertainty to mastery. This isn't just about making jobs easier; it's about making operations safer, more efficient, and empowering every operator with the confidence to succeed. Our app is that tool—the sidekick in your heroic journey from the depths of confusion to the heights of expertise. 🚀 Big Release Incoming! This Friday, we're gearing up for something big—a release that could change the game forever. Want an early sneak peek? Engage with us! Like, share, comment, or just show some love, and we’ll send a personal message with an exclusive, early-leaked link to our app. You’ll be among the first to experience the future of operator training. Dive in, ask your questions, and see how we're turning the tide from failure to success. Are you ready to be part of this revolution? Engage with this post and watch for the big reveal this Friday! #energyhacker #innovation #oilandgas #leadership #artificialintelligence #machinelearning

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Dean Foreman, Ph.D., Chief Economist, Texas Oil & Gas Association joined Grayson Brulte on The Autonomy Economy podcast to discuss key trends and geopolitical issues that are impacting the global oil and natural gas markets. Without energy, there is no economic growth. As we prepare to usher in the autonomy economy, it's important to have a clear understanding of the oil and natural gas markets as over 96% of all manufactured goods are manufactured using petrochemicals. 🎧 Listen on Apple Podcasts: https://lnkd.in/ePis7wfS 🎧 Listen/Watch on Spotify: https://lnkd.in/em7enjtt 🎥 Watch on X: https://lnkd.in/etEQhTv3 🎥 Watch on YouTube: https://lnkd.in/eN_2cubm #RoadToAutonomy #AutonomyEconomy #Energy #OilandGas #Oil #OilMarkets #EnergyMarkets #GeoPolitics #Economist #Economy

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Wondering if what you've read about the Texas oil and natural gas industry is myth or fact? ✅ Clear things up and discover accurate, fact-checked information about the vital role our industry plays in powering modern life, creating jobs, and driving economic progress. 🏭 Myth: I can eliminate oil and natural gas from my everyday life. Fact: 96% of everyday essentials, from soap to electronics, are made possible by oil and natural gas. The industry fuels our economy, supports communities, and is strictly regulated at both state and federal levels to ensure safety and environmental protection. 🌍 Learn more about the real impact of Texas oil and natural gas and separate myth from fact: https://lnkd.in/eZui95-2 📖 #TexasEnergy #OilAndGasFacts #EnergyIndustry #MythBusters #ModernLife #EconomicImpact #RegulatedIndustry

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#LNG News: DOE pressed to advance major LNG project after pause reversal Developers of the Lake Charles LNG project — one of the largest proposals for the Gulf Coast — said a court ordered DOE “to act without delay.” The developer of a major liquefied natural gas terminal in Louisiana is pushing the Department of Energy to act speedily on its export application following a federal judge’s reversal of the Biden administration’s pause on pending and new LNG export licenses. In a letter last week to DOE, a lawyer for the Lake Charles LNG project said the department’s Office of Fossil Energy and Carbon Management should “expeditiously act on its pending application in this docket and issue an order without delay.” The company’s dispatch is one of the first examples of pressure on the department to act on an export application since the end of the pause, which froze consideration of permits to countries that don’t have a free trade agreement with the United States. Read More: https://lnkd.in/ecyeJRtu

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