A polymer, which replaces guar in fracing fluid, has been utilized by Halliburton in Magnum Hunter’s wells in the Eagle Ford, resulting in higher flow back and improved production.
The move from fossil fuels to renewable energy has been delayed by the shale revolution since the commercial imperative in the marketplace was changed.
A normal winter in Canada is predicted to lead to reduced natural gas exports, a move that could have increased US production fulfilling additional demand south of the border.
A report released recently by GlobalData highlights Colombia’s recovering oil and gas industry, which has made more than 135 discoveries in the past five years following years of declining exploration activity.
A report by Bernstein Research suggests a progression from onshore to deep water for oil based on current trends, deepwater potential, and a willingness to spend more on deepwater upstream activity.
As one among several major oil companies in Oman, BP appears poised to grow its investment by drilling 300 wells targeting reserves of up to 7 Tcf, according to a company spokesman.
China's aggressive stockpiling of oil will have serious political and economic ramifications in the US, effects that could influence election outcomes and gasoline-pump prices in both the near term and long term, according to industry expert Chris Faulkner, CEO of Dallas-based Breitling Oil and Gas.