At Hart Energy’s Viewpoint Executive Energy Club, Stratas Advisors directors gave industry executives a wide-ranging view and key to competing in the upcoming year.
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.
A ban on fracking by the Western Australia Labor Party would hold until it was shown that fracking doesn't compromise the environment, groundwater, public health or contribute adversely to climate change.
Trailing only Saudi Arabia, Canada produces more oil than every other member of the Organization of Petroleum Exporting Countries.
EIA figures show production grew to about 584 Bcf in 2014 from about 475 Bcf in 2013.
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.
Operators in North American shale plays are using more than 5 MMlbs of frack sand per well.
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.
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.
Where ACTIVATE has been used, operators see about an 80% increase in EUR per well and a 66% reduction in cost per barrel of oil equivalent from refracked wells verus new wells, Halliburton said in a news release.
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.
South Africa’s semi-desert Karoo region may hold as much as 390 trillion cubic feet of shale gas, which the government wants to tap to alleviate energy shortages, Bloomberg said.
As companies including OAO Gazprom, OAO Novatek and OAO Rosneft get new Siberian gas fields up and running, they’re also boosting output of ultralight condensate, Bloomberg said.
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.
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.
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.
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.
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.