Core Lab is testing Midland and Delaware, reveals trends for completions in 2019
Core Laboratories (stock ticker: CLB) announced fourth quarter results today and detailed some important trends it sees for the industry in 2019. Core Lab reported net earnings of $8.8 million, or $0.20 per share. The company reported 173.2 million in revenue in Q4, up 2% year-over-year.
Permian project
One of Core’s primary focuses is on countering the decline curve, as the company has extensive EOR operations. Core is now looking to bring EOR to unconventionals, and it has begun a joint industry project in the Permian. This project will test cyclic gas injection in the Wolfcamp in both the Midland and Delaware basins, a process that has been used with encoura...


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