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Bakken E&P companies turn their sights on reducing drilled but uncompleted wells backlog.
Total production in 2016 is expected to close out approximately 5% lower than 2015 levels. Compared to the massive increases to which the world had grown accustomed, this drop is indeed material.
The U.S. shale landscape has transformed itself over the last several years and has finally hit the first downcycle for many producers.
Until commodity prices improve and stabilize, the Eagle Ford will remain overshadowed by the high-flying Permian Basin.
Technology improves efficiency and reduces NPT.
Longer laterals and debundling services are among the cost-saving and value-generating moves as E&Ps aim for higher returns amid lower commodity prices.
A new resource assessment gives this unconventional play world-class status.
WPX Energy, which entered the Permian Basin in 2015 with its $2.3 billion-plus acquisition of RKI Exploration, is bullish on the sub-basin. The company is among those focusing on the the Upper and Lower Wolfcamp A, both of which are proven productive.
The sub-basin was heralded during the DUG Permian Basin conference as one of the industry’s bright spots as companies continued to cope with the cyclical ups and downs of life in the oil patch.
Panelists at Hart Energy's DUG Permian conference said sand, spacing and slickwater have played key roles in the multistage fracturing process that contributed to the Permian Basin becoming today’s largest oil-producing region in the U.S.
Two D-J Basin players reflect on lessons, accomplishments and the future of Colorado’s hottest play at the COGA Energy Summit.
There are signs the bottom is at hand, which is the first step in recovery.
GeoPark is also accused of having faulty systems in place for avoiding soil erosion and managing spills of hazardous materials, and of damaging archaeological findings, Reuters reported.
Until 2012, third-party contractors cleaned its used drill pipes, Weatherford said. The water recycling program reduced the facility's freshwater requirements to 17,000 gallons per year, down from 2.2 million.
Shale producers can save 30% of the drilling cost with walking rigs, which can move from one wellbore to another--10 meters in less than an hour, Reuters said.
Researchers were able to achieve 15% tertiary oil recovery using a nanofluid of graphene-based amphiphilic nanosheets that are effective at low concentrations.
The project will use 4-D seismic imaging, horizontal drilling and pump technology. Polymer chemical injection technology’s role in maximizing economic recovery of U.K. hydrocarbon reserves will be demonstrated.
In the E&P segments, GE Oil & Gas will focus on three mega-trends in 2012: unconventional oil and gas development, enhanced oil recovery, and deepwater drilling.
Taking integration to the next level, model-based technologies aid in heavy oil production and maximize the potential of the digital oil field.
Karnes County, Texas, is not all about the Eagle Ford Shale, so says BlackBrush Oil & Gas LP COO Mark Norville. Add a little Austin Chalk into the recipe, and the well results get spicy—a kick up to 250% IRR.
The B8 field is estimated to have about 3.5 million tonnes of oil where Lotos has said it plans to produce ultimately some 250,000 tonnes, Reuters said.
Over the next 20 years, US$38 billion will be invested in Argentina’s Vaca Muerta Shale, Neuquen province governor said, Reuters reported. Lindero Atravesado and Bandurria fields will be developed.
Australia's Titan Energy Ltd. started commercial production on first well in multiwell program in Allen Dome area of Brazoria County, Texas. Titan has planned a five-well program in Allen Dome.
The quarter ended March 31. RMP Energy used slickwater fracks recently, on five horizontal wells at the Waskahigan and Grizzly areas in the Montney Formation.