Trailing only Saudi Arabia, Canada produces more oil than every other member of the Organization of Petroleum Exporting Countries.
In a low-cost environment, operators need to watch every penny. New technologies are helping them save money and improve production.
Proactive approaches will set shale players up for long-term success.
EIA figures show production grew to about 584 Bcf in 2014 from about 475 Bcf in 2013.
Liquids-oriented E&P not afraid to drill vertically, deploy technology to gain the best economics in the Delaware Basin.
The industry is divided on hydraulic fracturing technology. An objective view is needed to sort out the confusion and decide on best processes.
Developers of a new technology say the process can remove nearly all organic materials from produced water.
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.
Gas firm PGNiG and chief refiner PKN Orlen will jointly research eight exploration licenses near the Bieszczady Mountains in southeastern Poland, PKN said, Reuters reported.
A bid for horizontal well drilling and fracturing integration for two well projects in northwestern China is estimated to be worth about 53 million renminbi.
China’s end-of-decade shale gas production target was reduced to around 30 Bcm, about one-third the original goal. There is difficult geology, lack of infrastructure and limited exploration rights, Bloomberg said.
According to Reuters, the United Arab Emirates-based company did not provide a timetable or prospect for finding oil or gas in the Mediterranee Ouest area.
With the huge number of wells required for shale gas or coal-bed methane development, companies are implementing lean manufacturing models for these “gas factories.”
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.
Etienne Roux, vice president of drilling services, said Revolution has drilled 284 vertical-curve lateral wells in a single run in the last year and half. This totals 2.4 million feet.
Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.
Data integration and analysis over a shale play provides clear indications of where to drill and what technologies to utilize.
Study indicates loss of conductivity, surface area, and continuity over time.
The rise in the rig count this week was the biggest increase since April 2014. It was, however, only the third addition over the past 33 weeks, bringing the total rig count up to 659, the highest since late May.
Weatherford’s OmniWel in-well optical production and reservoir monitoring systems will combine with OptaSense’s DAS technology to improve reservoir management/ EUR. Technologies include DAS-VSP vertical seismic profiling, DAS-HFP hydraulic fracture monitoring.
China holds 31.2 Tcm (1,115 Tcf) of estimated technically recoverable shale gas reserves.
Integrating geomechanics with drilling fluid design successfully mitigates time-dependent wellbore instability in Middle East fields.
The service companies made these offers to producers in bid to roll out new business line of refracking, in which existing wells are worked over to lift output, Reuters said.
Shale gas production reached 43,300 barrels of oil equivalent per day primarily from the Loma Campana field, where YPF has a 50% stake with Chevron Corp.
Saudi Aramco will put 40MMcf/d of CO2 into the Uthmaniyah area south of the Ghawar Field to boost oil recovery rates, its website said in Arabic, Bloomberg reported.
Zonal Xwanco and Campo Maripe indigenous communities protest over their territorial claims to Loma Campana Field in Argentina’s southern Neuquén province, Reuters said. Neuquén holds almost all shale production.
ConocoPhillips and PetroChina Co. ended shale gas development talks after two-year study. China holds world’s largest shale gas reserves, but faces difficult geology, infrastructure lack and limited exploration rights, Bloomberg said.
In next few years, BHP will cut about 100 jobs in Melbourne, Australia, Reuters said. Commodities have fallen. There are more than $2 billion in impairments on U.S. shale operations.
Around 150 to 200 employees and contractors will be laid off, Talisman spokesman Brent Anderson said, and employees will be notified beginning this week, Reuters said.
Saudi Arabia’s shale development could replace the equivalent of 900 Mbbl/d of crude and fuel oil used for electricity. Saudi Aramco's LinkedIn ad for a shale-experienced petroleum engineer drew 160 applicants in a month, Reuters said.
Mitchell’s use of hydraulic fracturing in North Texas changed the industry.
Conservative Prime Minister Tony Abbott said greenhouse-gas emissions would be cut up to 28% of 2005 levels by 2030, ahead of Paris global climate deal discussion, Reuters said.
OPEC’s monthly report said it expected no extra demand for its crude oil this year despite faster global consumption, because of higher-than-expected production from the U.S. and other non-members, Reuters said.
Top American companies including ExxonMobil Corp. stayed out of greenhouse-gas emissions initiative. The U.N. told six European oil majors to plan phasing out of fossil fuels by 2100, Bloomberg said.
Dutch environmental group Urgenda Foundation sought 40% reduction in greenhouse-gas emissions in November 2012 lawsuit. Recently, a Hague district court said Netherlands’ government must guard against climate change, Bloomberg said.
Carbon dioxide output from burning fossil fuels rose 0.5% from 2014, according to BP’s annual Statistical Review of World Energy. OPEC nations had a larger than average decline, Bloomberg said.