Technology exists but the economics must be right for projects to come to fruition.
Whether it is in shales, tight sands or CSG, the number of international oil companies jumping into the Australian plays to 'crack the code' is increasing along with spending.
The unconventional revolution is making a big impact, bringing benefits along with concerns.
Operators in North American shale plays are using more than 5 MMlbs of frack sand per well.
The industry has only begun to scratch the surface of what is possible in developing shale plays through collaboration.
Long offsets, wide line spacing and fine spatial sampling can deliver economic large-sale 3-D surveys.
Two operators describe the basin as ‘world class.’
Creating a petrophysical model with a fairly limited data set leads to success in shale plays.
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.
The company’s production in the play tops 2 MMboe/d.
A drilling and completion activity forecast shows global frack capacity increasing by 16.2 MMhhp this year.
Companies are eyeing the country for its conventional and unconventional shale potential.