Exclusives

Wood Mackenzie, tight oil, price, bbl, breakeven, deepwater, oil
July 13, 2016

Of the 13 MMbbl/d of new supply that could come from tight oil and conventional projects by 2025, 9 MMbbl/d is commercial at $60 oil, according to an energy consulting firm.

Eagle Ford, shale, drilling, oil, gas, Hart Energy
July 6, 2016

There are signs the bottom is at hand, which is the first step in recovery.

DUG Permian, WPX Energy, Richard Muncrief, Permian, Delaware, oil, drilling, rig
June 1, 2016

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.

Silver Hill Energy Partners, Silver Hill Energy II, Kyle Miller, DUG Permian Basin, Delaware, completions, production, oil
May 31, 2016

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.

May 4, 2016

Operators in the area turn focus to personnel safety as erratic and dangerous flames forced the evacuation of the entire city.

Completion

April 9, 2013

The industry is divided on hydraulic fracturing technology. An objective view is needed to sort out the confusion and decide on best processes.

March 28, 2013

Developers of a new technology say the process can remove nearly all organic materials from produced water.

October 22, 2012

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.

Contracts

March 31, 2016

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.

January 14, 2016

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.

December 15, 2015

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. 

September 1, 2015

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. 

August 20, 2015

Saudi Arabia could pump 50 million cubic feet per day of shale gas in 2016, Reuters reported. Unconventional gas potential was appraised in the northwest, Eastern Province and Empty Quarter.

Digital

March 1, 2012

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.”

Downhole

September 1, 2015

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.

July 30, 2015

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.

July 21, 2015

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.

February 12, 2014

Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.

August 20, 2013

Data integration and analysis over a shale play provides clear indications of where to drill and what technologies to utilize.

Equipment

October 19, 2015

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.

August 26, 2015

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.

July 24, 2015

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.

April 29, 2015

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.

April 28, 2014

China holds 31.2 Tcm (1,115 Tcf) of estimated technically recoverable shale gas reserves.

Operations

May 31, 2016

The start-up of Suncor's base plant and MacKay River sites is under way, with "initial production" expected by the end of the week, the company said in a statement, which noted initial production at its Firebag site began early last week.

May 6, 2016

Over the past 24 hours, the Fort McMurray fire has advanced to the south and south east of the city. The fire front is estimated to be within 5 km of the Hangingstone site, a news release said.

John Paisie, Stratas Advisors
February 4, 2016

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.

OFS, M&A, Trican, Keane Group, oilfield services, Bakken, Eagle Ford, Permian
January 28, 2016

Keane said it will purchase the U.S. assets of Trican Well Service, Canada’s largest pressure pumper, and expand its presence in the Midcontinent, Permian, Bakken and Utica/Marcellus shale plays.

MacArthur Basin, Australia, Aubrey McClendon, AEP Energy
December 31, 2015

Some industry observers have likened the basin to the Haynesville Shale in Louisiana, where production peaked at 100 billion cubic feet per day.

People

March 17, 2016

Fire aboard P-48 FPSO vessel started at about 1 p.m. local time as platform was being shut down and has since been put out, according to workers' union, Reuters reported.

March 9, 2016

CEO Miguel Galuccio's resignation will take effect at the end of next month, a YPF spokesman told Reuters on March 9. He was appointed in 2012 by then-President Cristina Fernandez after she seized control of the company from Spanish oil giant Repsol.

December 4, 2015

Based in Houston, Trenton Thornock will oversee WellDog’s global finance operations, leading the finance team and supporting continued expansion in North America and Asia-Pacific.

November 9, 2015

Some Dartmouth College professors led the research for the National Bureau of Economic Research study that examined data from more than 3,000 counties, determining that within 100 miles of new production, 2.49 jobs were created, Reuters said.

September 9, 2015

Chancellor Angela Merkel's coalition government will discuss finalized draft law on hydraulic fracturing to extract gas and oil this month. Party leaders signaled that an agreement is possible, Reuters said.

Regulations

June 24, 2016

Germany's gas industry has warned restricting fracking could increase the country's dependence on imported energy, much of which it imports from Russia, Reuters said.

June 21, 2016

Chancellor Angela Merkel's party and the left's party agreed to an indefinite ban; but the compromise legislation calls for parliament to reassess whether decision is still valid in 2021, Reuters reported.

June 3, 2016

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.

May 23, 2016

With permission to carry out fracking, Third Energy will now be able to test how much shale gas it could eventually produce from its site at Kirby Misperton, Reuters reported.

May 23, 2016

More than 79,000 inactive Alberta wells could become Orphan Well Association’s responsibility due to May 18 ruling giving lenders priority over environmental cleanup costs in oil and gas bankruptcies, Reuters reported.