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Monster fractures and M&A are boosting regional activity in the ArkLaTex.
Armed with more efficient, less-costly ways to produce oil and gas, the ramp-up in U.S. shale activity is putting pressure on sand suppliers as E&Ps load more proppant in hopes of bigger payouts.
Advanced subsurface modeling, extended laterals, pad drilling, optimized high-intensity completions and managed flowback are among the company’s focus areas.
As prices and costs recover, a panel of experts at DUG Bakken & Niobrara said operators are continually scaling the completions learning curve.
Recent trends and new technology indicate operators and service companies are thinking outside of the box and experimenting with different methods and techniques to grow production.
One pilot involves increasing the number of stages per well, while the other focuses on higher proppant loading.
Bakken E&P companies turn their sights on reducing drilled but uncompleted wells backlog.
Longer laterals and debundling services are among the cost-saving and value-generating moves as E&Ps aim for higher returns amid lower commodity prices.
A new resource assessment gives this unconventional play world-class status.
WPX Energy, which entered the Permian Basin in 2015 with its $2.3 billion-plus acquisition of RKI Exploration, is bullish on the sub-basin. The company is among those focusing on the the Upper and Lower Wolfcamp A, both of which are proven productive.
Britain is estimated to have enough trapped shale gas to meet its gas needs for decades. However, the use of fracking is opposed by environmental campaigners, Reuters reported.
Gas supply has become a hot issue following blackouts and brownouts in Australia's eastern states over the past year, and as growth in LNG exports has led to soaring gas prices for manufacturers, Reuters reported.
IEA’s report predicts that rising global oil demand will outpace producer increases by 2022 unless investment increases sharply and soon.
The industry is coming back to life, with recovery reaching outside the prolific Permian Basin.
Weatherford will contribute well construction expertise, managed pressure drilling solutions, directional drilling capabilities and drilling hardware, and associated software applications and engineering personnel.
Researchers were able to achieve 15% tertiary oil recovery using a nanofluid of graphene-based amphiphilic nanosheets that are effective at low concentrations.
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.
In the E&P segments, GE Oil & Gas will focus on three mega-trends in 2012: unconventional oil and gas development, enhanced oil recovery, and deepwater drilling.
Taking integration to the next level, model-based technologies aid in heavy oil production and maximize the potential of the digital oil field.
Both companies will take a 50% stake in the Bajada de Añelo Field to develop a pilot program, which will be operated by Shell, YPF said in a statement. The agreement is subject to approval by provincial authorities, and Shell’s investment will come in two phases, YPF said.
U.S. firms across the value chain can take advantage of opportunities that will emerge from Mexico’s energy reform, say experts at EnerCom.
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.
Over the next 20 years, US$38 billion will be invested in Argentina’s Vaca Muerta Shale, Neuquen province governor said, Reuters reported. Lindero Atravesado and Bandurria fields will be developed.