Companies are focusing on enhanced completions among other techniques and technology to boost production in the Marcellus and Utica shale plays, but cluster efficiency remains an area of concern.
Proactive approaches will set shale players up for long-term success.
Harvard project emphasizes maximizing shale potential, eliminating export restrictions, building out pipelines and other infrastructure, and developing cost-effective emissions standards.
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.
Auctions attracted the highest prices since 2007 in the first four months of the year even as Canadian heavy oil slid below $30 a barrel, from $87.23 in June, and producers from Cenovus Energy Inc. to Royal Dutch Shell Plc slashed spending and jobs.
The Queensland Government has put 11,000sqkm of exploration acreage up for grabs, with most of the available land concentrated in the prospective Cooper and Eromanga Basins.
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.
The project will use 4-D seismic imaging, horizontal drilling and pump technology. Polymer chemical injection technology’s role in maximizing economic recovery of U.K. hydrocarbon reserves will be demonstrated.
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.
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.
Bloomberg said Europe’s largest oil companies are forming a joint strategy on climate change. Climate change-related policies can affect industry operations. Natural gas—the most-used fossil fuel—pollutes the least.
Canada’s Environment Minister Leona Aglukkaq announced new greenhouse-gas emissions regulations pledge, Bloomberg said. Oil and gas sector will have new methane regulations to cut emissions by about one-third by 2030.