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Some recent findings on the Stack/Scoop/Cana plays’ productivity evolution may come as a surprise.
Canadian well drilling forecasts for 2018 has put the pressure on for governments and regulators to lower regulatory compliance costs, help boost investor confidence and improve market access.
The upcoming meeting of OPEC could have a dramatic impact on already volatile crude oil prices. How things play out for crude in 2018 remain to be seen.
A vacuum-based system eliminates the traditional process of shaking fluid and solids.
Service companies have been battered by the downturn but are keeping their sights on upcoming market needs.
Further optimization could lead to better frack designs, stage and well spacing, greater production and ultimately, more profit.
The company is counting on growing “premium inventory”—wells that generate rates of return of at least 30% at $40/bbl oil— to increase resource potential.
Enhanced completions onshore and subsea tiebacks offshore are contributing to production gains, but low commodity prices are taking away profit potential.
Talk of refracturing opportunities and challenges continue as companies seek cost efficiencies during a downturn brought on by a supply-demand imbalance.
Drilled but uncompleted wells in the U.S. provide an opportunity to examine new shale drilling and completion technology.
The oil rig count fell seven to 736 in the week to Oct. 20, the lowest level since June, Baker Hughes, a GE company, said in its closely followed report.
Drillers cut five oil rigs in the week to Oct. 13, bringing the total count down to 743, the lowest since early June, Baker Hughes, a GE company, said in its closely followed report.
The oil rig count fell by two to 748 in the week to Oct. 6, Baker Hughes, a GE company (NYSE: BHGE), said in its closely followed report.
Drillers cut seven oil rigs in the week to Sept. 15, bringing the total count down to 749, the least since June, Baker Hughes, a GE company (NYSE: BHGE), said in its closely followed report.
Drillers cut three oil rigs in the week to Sept. 8, bringing the total count down to 756, the least since June, Baker Hughes, a GE company (NYSE: BHGE), said in its closely followed report.
EOR and artificial lift systems are needed to rejuvenate the Cardenas-Mora and Ogarrio fields.
Real-time monitoring of CO2 in EOR applications is made possible with K-waves.
Data from the EIA’s latest drilling production report projected about 16 MMcf/d will be produced in the Marcellus alone in July, up from about 15 MMcf/d in July 2014.
The NRG Energy and JX Nippon Oil & Gas project aims to turn waste into revenue using technology.
NRG has started construction on a $1 billion coal plant retrofit for the project.
Drilled 10 km (6 miles) from the Amoca discovery in a water depth of 33 m (108 ft), the well’s data indicate a single 280-m (919-ft) thick oil column, said Eni, which estimates the oil gravity at between 28 degree and 30 degree API. The well reached a final depth of 3,430 m (11,253 ft).
In both tie-ups, Pemex will have a 50% stake, while the partners will have the remaining half and will be designated as the operators of the projects. Both projects feature existing infrastructure due to past Pemex work in the areas as well as ongoing production.
Pemex, which is looking for a partner to develop the block, estimates it to hold reserves of some 500 million barrels of oil equivalent based on data gathered from five wells drilled in the past, the company said in a statement.
What will be the next big thing in the North American oil patch? Look to “some things old, something new.”
Australia-based BHP outbid Britain's BP, the only other company that participated, with a $624 million offer to complement its 4% additional royalty bid, said Mexico's oil regulator, the national hydrocarbons commission (CNH).