Fox: Permian Still in Early Stages for ConocoPhillips

The video discusses the US shale revolution, focusing on production growth and the role of ConocoPhillips. It covers the life cycle of oil plays, production plateaus, and the use of gas injection techniques like Huff and Puff to enhance oil recovery. The challenges of parent-child well interactions are addressed, with new technologies being tested to improve well spacing and recovery factors.

What is the main focus of the US in terms of oil production according to the CEO of ConocoPhillips?

• Becoming a major importer

• Slowing down production

• Becoming a powerful exporter

• Reducing oil prices

Which region is mentioned as being in the late stage of growth?

• Permian

• Bakken

• Gulf of Mexico

• Eagle Ford

What technique is being tested in the shallow parts of Eagle Ford to improve oil recovery?

• Hydraulic fracturing

• Steam injection

• Huff and puff

• Water flooding

What is the purpose of the new vintage of completion being tested in the Eagle Ford?

• To enhance oil quality

• To lower production costs

• To reduce parent-child well interaction

• To increase drilling speed

What is the expected outcome of using technology in well completion according to the CEO?

• Increased oil prices

• Closer well spacing and more wells

• Decreased oil production

• Reduced oil exports