Overview of Occidental Drilling Activity

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Presentation transcript:

Overview of Occidental Drilling Activity Stu Keller

Speaker Information Stu Keller Drilling Engineering Consultant Oxy Worldwide Drilling & Completions Drilling Engineering Group 5 years with Oxy; 30 years with ExxonMobil; all in Drilling & Completions Based in Houston Specialist in BHA & Tubular Design Purdue University B.S. Engineering Science

Occidental Oil and Gas Overview

Huge Permian Unconventional Drilling Inventory

Oxy is Global Leader in EOR Currently operating 3 drilling rigs in EOR areas

Some Oxy Recent Drilling-Related Success

Lateral Lengths and Production Increasing

Some Recent Drilling Achievements

Oxy Positive Displacement Motor (PDM) vs Rotary Steerable System (RSS) Economics Calculator Example Only Calculates Risked Cost of PDM, RSS, RSS+PDM Includes probability of trip, probability of LIH, fishing economics Sensitivities to ROPs

Partnering with Some Key Suppliers on Logistics

Thank You

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