The unconventional revolution is making a big impact, bringing benefits along with concerns.
Enhanced completions are migrating to shale plays across parts of North America.
Some companies have found ways to reduce freshwater use as areas with shale resources battle drought.
The company’s production in the play tops 2 MMboe/d.
A drilling and completion activity forecast shows global frack capacity increasing by 16.2 MMhhp this year.
For the Netherlands, the EU's biggest gas producer, less gas could reduce national income by almost 2 billion euros ($2.1 billion), according to the Ministry of Economic Affairs, Bloomberg said.
Energy companies are going after exploration and drilling permits in hopes of capitalizing on shale gas.
Two areas of Surrey and Sussex hold 700 MMbbl of recoverable shale oil, according to the EIA.
Oil firms have criticized South Africa’s government for delaying issuing exploration licenses, especially in the Karoo Basin, which could hold up to 390 Tcf of technically recoverable reserves, Reuters said.
Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.
The first phase of Algeria’s shale gas exploration involved defining the resource. Sonatrach expects to drill its first shale well in the second half 2012.
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.
Horizontal drilling and hydraulic fracturing used in 30-year-old, waterflooded oil fields has boosted production per well from 25 to 300 barrels per day.
ExxonMobil is co-venturer with Brazil's Petrobras and Italy's Eni in the Hadrian South, in the U.S. GoM's Keathey Canyon area. Hadrian South is ExxonMobil’s deepest subsea tieback.
Abundant unconventional resources support case for oil and gas exports.
Coalseam gas production is helping the country work toward meeting energy needs.
The company is targeting the methane-rich Raniganj (South) and Mannargudi blocks.