How Pioneer CFO Dealy Handles Rising Gas-to-Oil Ratios

The video discusses the gas to oil ratio (GOR) and its impact on oil and gas production. It highlights the challenges faced by companies as wells age and produce more gas than oil. Richard Daley shares strategies to manage rising GOR, including planning for gas processing facilities and pipeline capacity. The video also covers future plans for market strategies, such as exporting gas to California and the Gulf Coast. Additionally, it explores industry trends, including mergers and acquisitions, as companies seek to consolidate and improve inventory depth.

What is a significant challenge faced by oil wells as they mature?

• They produce more oil over time.

• They become more predictable.

• They produce more gas over time.

• They require less maintenance.

Which strategy is NOT mentioned as a way to manage rising gas production?

• Building gas processing facilities

• Increasing oil production speed

• Exporting gas to international markets

• Drilling new wells

What is one of the destinations for the gas processed by companies?

• Northern Canada

• Southern California

• Eastern Europe

• Western Australia

Why might companies need to acquire more tier one acreage?

• To diversify into renewable energy

• To maintain production levels as oil declines

• To increase gas production

• To reduce production costs

What is a potential outcome of the industry's need to maintain production levels?

• Decrease in gas production

• Increase in renewable energy investments

• Reduction in oil well drilling

• Consolidation through mergers and acquisitions