Unconventional Exclusives

As a result of this decision, all Chevron equity interests in the joint ventures will return to Beach Energy for nil consideration.

The Noble Julia Robertson jackup rig successfully appraised the Kew Field in 2009, with the tight-gas field’s proven recoverable reserves put at 1.1 Bcm (37.4 Bcf). (Source: Centrica)

An offshore project in the U.K. North Sea has shown how small tight gas formations can be produced when the region needs all the help it can get.

Productive wells are the product every company seeks; proper execution and coordination of all team members are the keys to unlocking value.

The one-day performance tests, which regularly spike company shares on their results, don’t provide enough data to predict future potential, according to a study.

Greg Leveille, general manager for the Unconventional Reservoir Technology Program, ConocoPhillips (Source: Pernille Ingebrigtsen/Arctic Frontiers 2015)

At 2015 Arctic Frontiers, ConocoPhillips’ Greg Leveille digs into the environmental, security and economic benefits of the unconventional resource revolution underway in the U.S.

Unconventional Exploration

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.

As it weighs acquisitions, Saskatchewan operator Crescent Point was the most active driller in Canada last year, according to Daily Oil Bulletin results released to Bloomberg. 

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.

Beach Energy Ltd. might sell Egyptian oil and gas holdings and focus on Cooper Basin, Gippsland Basin and Otway Basin acquisitions. Australian east coast gas demand drives effort, Bloomberg said.  

The geo-consulting business line of Paris-based CGG acquired Calgary, Alberta-based Taurus Reservoir Solutions Ltd. Taurus provides conventional and unconventional reservoir and geomechanical simulation, engineering technology and consulting services.

Unconventional Production

Australia's Titan Energy Ltd. started commercial production on first well in multiwell program in Allen Dome area of Brazoria County, Texas.  Titan has planned a five-well program in Allen Dome.

South Africa’s semi-desert Karoo region may hold as much as 390 trillion cubic feet of shale gas, which the government wants to tap to alleviate energy shortages, Bloomberg said. 

As companies including OAO Gazprom, OAO Novatek and OAO Rosneft get new Siberian gas fields up and running, they’re also boosting output of ultralight condensate, Bloomberg said. 

The quarter ended March 31. RMP Energy used slickwater fracks recently, on five horizontal wells at the Waskahigan and Grizzly areas in the Montney Formation.

ExxonMobil is co-venturer with Brazil's Petrobras and Italy's Eni in the Hadrian South, in the U.S. GoM's Keathey Canyon area. Hadrian South is ExxonMobil’s deepest subsea tieback.

Unconventional Technology

April 29, 2015

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.

April 24, 2015

Seven barrels of boiling hot water are produced for every one barrel of oil. Some E&Ps explore making and sell electricity from the heat instead of wasting water, Bloomberg said.  

April 1, 2015

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. 

March 30, 2015

The Maritime province's government requires five conditions be met before the one-year moratorium is reconsidered or lifted. Regulations cover environment and health, wastewater, aboriginal relations and social license, Reuters said. 

March 25, 2015

The U.K. lifted a moratorium in December 2012, but no fracking has taken place, Bloomberg said. Scotland and Wales temporarily banned the method while studying environmental safeguards.