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A grim 2016 can’t keep these giants down for long.
Monster fractures and M&A are boosting regional activity in the ArkLaTex.
The company is working with an environmental consulting firm as well as University of Texas System professors and labs as it develops the Alpine High discovery in the Delaware Basin.
Advanced subsurface modeling, extended laterals, pad drilling, optimized high-intensity completions and managed flowback are among the company’s focus areas.
Proppant tracking, flowback prevention and nanoparticles are among the areas of focus, according to a study released by Deloitte.
Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.
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.
A purchase and sale agreement relating to each block must be submitted to Ecopetrol by Dec. 7 and executed by Dec. 22, Reuters reported.
The contract is BP’s first shale gas PSC in China and covers an area of about 1,500 sq km, BP said. CNPC will be operator.
In a statement, Argentina’s YPF said the accord involved a pilot project in the Bajada de Anelo Block, located in Neuquen province that would run until mid-2018, Reuters reported.
YPF estimates the Vaca Muerta deposit contains 661Bbbl of oil and 1,181Tcf of natural gas, making it one of the biggest shale reserves in the western hemisphere, Reuters said.
Energy Information Administration estimates Mexico has more than 60 billion barrels of shale resources. This would provide more than 35 years of Mexican oil supply at current U.S. production levels.
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.”
Vorpal's Drill2Frac helps optimize fracturing operations through the optimal placement of perforation clusters. Enventure’s expandable ESeal Refrac Liner provides mechanical zonal isolation of existing perforations.
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.
There are signs the bottom is at hand, which is the first step in recovery.
Freshwater, not typical slurry, will run through pumps, significantly reducing need for replacement parts and number of pumps needed on frack job, Energy Recovery CEO Joel Gay said.
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.
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.
Shell said in September it planned to invest $300 million per year through 2020 in Argentina in exploration, refining, distribution and marketing, Reuters reported.
The two- to three-week pilot at Sinopec’s Fuling shale gas site in Chongqing in southwest China is intended to qualify OriginClear’s Electro Water Separation (EWS) technology for integration into a multistage process designed to process hydraulic fracturing and flowback water for on-site reuse, OriginClear said in the release.
TransCanada received approval for the 1,179-mile cross-border pipeline application by the U.S. State Department, ending a years-long battle.
However, the need for more gas for power has arisen just as three new LNG export plants have opened in the northeast, tripling gas demand and drawing supply out of the domestic market, Reuters reported.
The Fuling project is China's largest commercial shale gas discovery now under production, with annual output estimated at about 5 billion cubic meters last year, Reuters reported.
Jakub Korczak joined the company, which owns and operates projects in Tunisia and Romania, in 2009.
Workers at Peru's Camisea natural gas fields have called off a strike scheduled for Dec. 29 after reaching a deal on labor benefits with Argentina's Pluspetrol, the union SUTRAPPEC said Dec. 28.
Argentina produces an estimated 716,000 barrels of oil per day, according to the U.S. Energy Information Agency, Reuters reported.
Mexico’s energy company is struggling and auctions continue to lag, particularly in unconventional areas.
The White House has said it would take a position on the agreement before a summit of the Group of Seven wealthy nations is held in late May, Reuters reported.
The law was finalized one week after the state legislature passed the bill. On March 27, state senators voted 35 to 10 to approve the bill.
Britain is estimated to have enough trapped shale gas to meet its gas needs for decades. However, the use of fracking is opposed by environmental campaigners, Reuters reported.
"Our target is to be an entirely fossil-fuel-free welfare state," Sweden's Climate Minister Isabella Lovin told Reuters in a telephone interview.
"The Scottish government has a very important decision to make in determining the future of unconventional oil and gas," Paul Wheelhouse, Scotland's minister for business, innovation and energy, said in the consultation document, Reuters reported.