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BP’s $10.5 billion acquisition of a portion of BHP’s U.S. onshore portfolio highlighted M&A activity in the U.S. during the third quarter, a report by Drillinginfo says.
Decline curves, well interference, takeaway capacity and drilled but uncompleted wells were among the topics discussed by a group of panelists.
Some operators are faring better than others when it comes to new production per well and overall breakevens among other benchmarks in the Permian Delaware.
Colorado voters will decide on Nov. 6 whether to extend the state’s oil and gas setback requirement by approving Proposition 112, which an analyst described as ‘a widow-maker for the D-J Basin.’
Senior technology leaders at URTeC 2018 discussed how to get improved results in unconventional reservoirs and automation’s effect on the workplace.
By the end of 2018, Energent expects over seven million tons of premium frack sand to be mined inside the Permian Basin every quarter.
Proppant tracking, flowback prevention and nanoparticles are among the areas of focus, according to a study released by Deloitte.
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.
The industry is divided on hydraulic fracturing technology. An objective view is needed to sort out the confusion and decide on best processes.
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.
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.
A purchase and sale agreement relating to each block must be submitted to Ecopetrol by Dec. 7 and executed by Dec. 22, Reuters reported.
The contract is BP’s first shale gas PSC in China and covers an area of about 1,500 sq km, BP said. CNPC will be operator.
In a statement, Argentina’s YPF said the accord involved a pilot project in the Bajada de Anelo Block, located in Neuquen province that would run until mid-2018, Reuters reported.
SGS and Baker Hughes, a GE company (NYSE: BHGE), on July 10 announced a Strategic Alliance Agreement (SAA) for the joint deployment and commercialization of BHGE’s real-time software and sensor-based Predictive Corrosion Management (PCM) solution.
With the huge number of wells required for shale gas or coal-bed methane development, companies are implementing lean manufacturing models for these “gas factories.”
Vorpal's Drill2Frac helps optimize fracturing operations through the optimal placement of perforation clusters. Enventure’s expandable ESeal Refrac Liner provides mechanical zonal isolation of existing perforations.
Where ACTIVATE has been used, operators see about an 80% increase in EUR per well and a 66% reduction in cost per barrel of oil equivalent from refracked wells verus new wells, Halliburton said in a news release.
Etienne Roux, vice president of drilling services, said Revolution has drilled 284 vertical-curve lateral wells in a single run in the last year and half. This totals 2.4 million feet.
Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.
Data integration and analysis over a shale play provides clear indications of where to drill and what technologies to utilize.
Drillers added five oil rigs in the week to April 21, bringing the total count up to 688, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on April 21.
There are signs the bottom is at hand, which is the first step in recovery.
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.
Shale producers can save 30% of the drilling cost with walking rigs, which can move from one wellbore to another--10 meters in less than an hour, Reuters said.
The rise in the rig count this week was the biggest increase since April 2014. It was, however, only the third addition over the past 33 weeks, bringing the total rig count up to 659, the highest since late May.
Noble Energy reported weaker-than-expected quarterly profit and plans to reallocate some near-term investments outside of the Permian Basin due to supply constraints.
Anadarko Petroleum's revenue rose to $3.29 billion in the second quarter from $1.4 billion a year ago, topping analysts' consensus estimate of $3.07 billion according to Thomson Reuters I/B/E/S.
With a blending strategy and a ‘perfect pad’ concept, the E&P with acreage in the Marcellus and Utica is making gas economic.
"Investor sentiment in the last year has really, markedly changed. I'd say it's gone from, 'drill, baby, drill,' to 'show me the money,'" says Hess CEO John Hess speaking at the OPEC International Seminar.
Stratas Advisors predicts growth for North American shale plays including expectations for ‘bigger and badder’ wells becoming the norm this year.
Paul Geiger, previously with Southwestern Energy, has more than 23 years of experience in oil and gas operations and will now help oversee HighPoint's growing operations in the D-J Basin.
Additionally, James Trimble, who recently led Stone Energy as interim CEO and president through the company’s merger with Talos Energy, was appointed as chairman of Crestone’s board.
Technology and lower-for-longer price environment have wrought rapid changes—some good, some bad—to Canada’s oil patch.
Jakub Korczak joined the company, which owns and operates projects in Tunisia and Romania, in 2009.
The British government said it had granted approval for hydraulic fracturing to take place at Cuadrilla's Preston New Road site in northwest England.
Ineos had argued that the ban was imposed unlawfully and that it contradicted evidence that shale gas could be produced safely by unconventional methods.
An injunction hearing will be held on May 31 at Manchester’s High Court District Registry. The injunction would replace and extend an existing injunction at the site and surrounding farmland.
The British government said it would introduce measures to streamline and improve the regulatory process for shale gas planning applications so decisions are made more quickly.
Australia's NT commissioned an inquiry into the environmental, social and economic risks of fracking and on April 17 accepted the inquiry's conclusion that the risks were manageable.