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.”
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.
With trillions of cubic feet of natural gas reserves trapped in unconventional formations, countries worldwide are clamoring for North American technology to unlock those resources.
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.
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.
The gas-focused Hawkville Field in Texas accounts for the substantial majority of the charge to be included in results for the fiscal year that ended on June 30, which BHP estimates will be around $2.8 billion on a pre-tax basis.
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.
Statoil is monitoring acquisition possibilities while focusing on exploration with no gaps in its investment portfolio, CFO Torgrim Reitan told Bloomberg. Statoil plans to spend $3.2 billion on 2015 exploration.
Australia has the seventh-biggest potential shale gas resources and sixth-biggest shale oil resources, EIA said, according to Bloomberg. Chevron’s recent pullout from Nappamerri Trough signals the country’s overall shale challenges.
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.
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.
Methane leakage was discussed at the recent World Gas Conference in Paris. Oil & Gas Methane Partnership evaluates how much clean-burning methane is produced during natural gas production, Bloomberg said.
Russia’s OAO Gazprom Neft could produce about 40Mbbl/d of crude from the Bazhenov shale deposits in 2018, an expert told Bloomberg. Bazhenov is source rock for West Siberian crude.
Third Energy submitted a planning application to North Yorkshire County Council for natural gas production from Bowland strata underneath North Yorkshire, U.K. The resources will be used to generate electricity.