In some cases, sand volumes exceeded more than 1,800 pounds per linear foot on extended reach laterals in the Delaware Basin.
Volatile pricing, pipeline capacity concerns could hinder growth of Canadian oil sands production, but output still expected to rise.
The technology is an openhole liner completion that connects the well and the reservoir without the need for hydraulic fracturing.
The development offshore Western Australia will be tied back to the Ngujima-Yin FPSO facility. First oil is expected in mid-2019.
Permian service providers in Hart Energy’s Heard In The Field survey report an increase in both inquiries and work volume due to operators starting to complete DUCs.
Economists, businesses and analysts in oil markets sought to put the crisis in perspective even as some $2 trillion was wiped off the equity markets worldwide.
As dire market conditions continue to hit the floating production system sector, companies have delayed or cancelled projects, would-be orders have fallen by the wayside and shipyards have been forced to lower prices to lure the little business that still exists.