Technology North America Exclusives

A new land rig design offers shale drillers 2,000-hp drawworks and reduced footprint.

Rice Brothers Look To Transform Industry Through Fracking Software Investment

Rice Investment Group recently closed on an investment in Cold Bore Technology, a fracking software company the brothers behind Rice Energy see electrifying the oil field. 

Nine Expands With $493 Million Magnum Oil Tools Acquisition

Analysts expect the acquisition of Magnum—the number two player in dissolvable frack plugs—to give Nine Energy Service ‘incremental exposure’ to the downhole tools market.

Market forces mandate better evidence-based tools to drive decisions in oilfield services pumping operations.

The digital oil field is not a technology issue; it’s a business model issue.

Completion North America

Baker Hughes, H.C. Freitag, drilling, completion, technology, shale, unconventional, DUG Rockies, oil, gas

Drilled but uncompleted wells in the U.S. provide an opportunity to examine new shale drilling and completion technology.

Range Resources, technology, proppant, Cowen, energy, Joe Frantz Jr., University of Texas, production, oil,

Technology advances have continued to lead to production and efficiency gains in recent years for Range Resources. The company is now working with a Texas university on a new logging tool to be built by Gearhart.

Refracking, shale, horizontal drilling, IHS, Bloomberg

Refracking has been met with enthusiasm—especially when it works—and skepticism, but in order to move forward, the industry needs a large-scale refracking program and more investment IHS says.

A process called forward-osmosis is applied to clean water used in hydraulic fracturing.

Contracts North America

This five-year agreement covers the exclusive supply of surface wellhead equipment and service in the U.S. and Canada.

Vista will pay Monterrey-based Jaguar a further $10 million to compensate the firm for past investments in the projects, or so-called carry costs, the firm said in a statement.

Pemex said it expected the contract in the Olmos Field, located in the northern border state of Coahuila, to yield investment of $617 million, aiming to reach daily production of about 117 million cubic feet of gas by 2021.

Statoil (NYSE: STO) and Accenture (NYSE: ACN) have signed a three-year master service agreement for Accenture to accelerate the delivery of Statoil’s global digitalization initiative.

TGS continues to strengthen its onshore position with new seismic projects in key shale basins of North America, such as the Permian Basin, Scoop/Stack and the Montney.

Digital North America

The industry can benefit quickly by approaching Big Data from the place of maximizing value by minimizing complexity.

Predictive analytics

With big data and predictive analytics, operators can use production surveillance, comparing predictions to new actuals to determine how a particular oil or gas asset is performing. In response, adjustments can be made to improve production and overall operations.

Companies embrace prescriptive analytics to improve production.

Data-driven models can shed light on factors that influence operations.

Technology and an abundance of data are forcing oil and gas companies to make changes and prepare for new ways of operating.

Downhole North America

Equipment North America

Drillers added one oil rig in the week to Oct. 27, bringing the total count up to 737, Baker Hughes, a GE company, said in its closely followed report Oct. 27.

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 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.

Operations North America

The drop in fracking activity this year had been "significantly larger" than expected, Patrick Schorn, executive vice president of wells at Schlumberger, said at a conference in New York.

Gulfport Energy said Michael G. Moore stepped down as president and CEO of the Oklahoma City-based oil and gas company and will be replaced on an interim basis by COO Donnie Moore.

Blackbird Energy and Pipestone Oil have agreed to merge, forming Pipestone Energy which is set to have the single largest land position in the Montney shale play in Alberta, Canada.

Baker Hughes, General Electric Co's oilfield services arm, said on Oct. 30 it expected higher rig count in North American and international markets in 2019.

Pemex is set to begin crude imports in November, for the first time in over a decade. It needs them to feed Mexico’s main refinery, which is working below capacity due to a lack of light oil.

People North America

David Crombie, who previously served as president of completion solutions and executive vice president, brings over two decades of experience to his latest role as COO at Nine Energy Service.

CNH President Juan Carlos Zepeda said in a statement, however, he would be an external adviser to the government of President-elect Andres Manuel Lopez Obrador, who takes office on Dec. 1.

David Pursell has been named senior vice president, Planning and Energy Fundamentals, at Apache Corporation (NYSE: APA), effective March 12.

Carlos Alberto Treviño Medina, Pemex CEO

He replaces José Antonio González Anaya, who has been appointed as the country’s minister of finance and public credit. González Anaya acted as the head of the state-owned company since February 2016.

Oil And Gas: What’s In It For Millennials?

The industry can take plenty of steps to help attract and retain the younger generation.

Regulations North America

Mexico's energy secretary said Lopez Obrador's newly installed administration would cancel two February bidding rounds for oil and gas blocks, including Mexico's first shale areas.

Despite a promise in his inauguration speech to roll back the energy reform, the 65-year-old president did not rule out inviting more private sector investment in extracting oil from Mexico's untapped deepwater fields in the Gulf of Mexico.

A federal judge in Montana halted construction of the Keystone XL oil pipeline on Nov. 8 on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp. (NYSE: TRP) project.

At his first meeting with foreign oil majors, Mexico's leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources said, but gave no sign of offering up new fields to reverse dwindling output.

Report: As Wind Projects Age, O&M Costs Will Rise

The phasing out of the Federal Production Tax Credit will mean a decline in new wind projects and increased operating and maintenance on older assets.