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.
The saved time could translate into improved efficiency amid the continuing downturn, according to an oilfield services company.
Despite the undoubted size of the country’s shale gas reserves, Sinopec’s Fuling development is on the proverbial slow boat to China as it sails its pioneering but lonely path in the vanguard of the nascent industry’s efforts to establish its place in the market.
Some industry observers have likened the basin to the Haynesville Shale in Louisiana, where production peaked at 100 billion cubic feet per day.
Chad, Kazakhstan, Oman and the United Arab Emirates are believed to have vast shale resources capable of boosting production and adding revenue. However, economics could stand in the way.
Wintershall Energía S.A. and Gas y Petróleo del Neuquén S.A. have signed an agreement under which Wintershall will increase its interest in the Aguada Federal Block in central Argentina from 50% to 90%, according to a news release.
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.
The assets being sold are predominantly non-operated and consist of 10,290 net acres with an average working interest of 39%, according to a news release.
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.
The integration of ESG and Spectraseis will combine their downhole and surface-based microseismic technology, services and data analysis, hydraulic fracture monitoring and induced seismicity monitoring.
Until 2012, third-party contractors cleaned its used drill pipes, Weatherford said. The water recycling program reduced the facility's freshwater requirements to 17,000 gallons per year, down from 2.2 million.
Output at world’s 10th-largest natural gas field will be capped at 27Bcm per year, according to a Dutch court ruling, Reuters reported. Groningen helps supply about 15% of Europe’s gas.
Karnes County, Texas, is not all about the Eagle Ford Shale, so says BlackBrush Oil & Gas LP COO Mark Norville. Add a little Austin Chalk into the recipe, and the well results get spicy—a kick up to 250% IRR.
The B8 field is estimated to have about 3.5 million tonnes of oil where Lotos has said it plans to produce ultimately some 250,000 tonnes, Reuters said.
The Netherlands’ government has twice this year cut production from Europe’s largest gas field due to public safety concerns about production-linked earthquakes, Reuters said. Opposition parties submitted the motion.
Slim 37-vote margin came without parliamentary debate and it does not change policy banning fracking inside national parks, Reuters said. E&Ps can work at least 1,200m below surface in national parks.
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.
Britain changed its planning rules in August to allow government intervention to approve or reject shale gas drilling permits and give priority to appeals involving shale gas projects.
Canada’s government said several oil companies, including Suncor, endorsed plan. Plan entails phasing out pollution from coal-fired electricity generation by 2030 and limiting emissions from oil sands operations, Reuters said.
Encana said it had accelerated spending on the Permian Basin in Texas in the current quarter, with plans to invest $150 million in the shale field that was originally earmarked for 2016.