Exclusives

canada_oil_jobs
January 19, 2018

Technology and lower-for-longer price environment have wrought rapid changes—some good, some bad—to Canada’s oil patch.

unconventional, portfolio, optimization, oil and gas, oil price, EY
August 23, 2017

Oil and gas companies have survived the worst of the downturn. Now it’s time to begin thinking about growth and developing a platform that can produce higher returns over the long term.

June 1, 2017

A grim 2016 can’t keep these giants down for long.

Comstock Resources, rig, Haynesville, shale, drilling, fractures, oil, Louisiana
May 1, 2017

Monster fractures and M&A are boosting regional activity in the ArkLaTex.

Comstock Resources, rig, Haynesville, shale, drilling, fractures, oil, Louisiana
May 1, 2017

Monster fractures and M&A are boosting regional activity in the ArkLaTex.

Completion

patent, Deloitte, Center for Energy Solutions, hydraulic fracturing, oil, gas
April 3, 2017

Proppant tracking, flowback prevention and nanoparticles are among the areas of focus, according to a study released by Deloitte.

shale, technology, KCA, oil, ConocoPhillips, Halliburton, drilling, well, proppant
March 27, 2017

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.

April 9, 2013

The industry is divided on hydraulic fracturing technology. An objective view is needed to sort out the confusion and decide on best processes.

March 28, 2013

Developers of a new technology say the process can remove nearly all organic materials from produced water.

Contracts

November 28, 2016

A purchase and sale agreement relating to each block must be submitted to Ecopetrol by Dec. 7 and executed by Dec. 22, Reuters reported.

March 31, 2016

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.

January 14, 2016

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.

December 15, 2015

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. 

September 1, 2015

Energy Information Administration estimates Mexico has more than 60 billion barrels of shale resources. This would provide more than 35 years of Mexican oil supply at current U.S. production levels. 

Digital

March 1, 2012

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.”

Downhole

September 1, 2015

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.

July 30, 2015

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.

July 21, 2015

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.

February 12, 2014

Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.

August 20, 2013

Data integration and analysis over a shale play provides clear indications of where to drill and what technologies to utilize.

Equipment

April 21, 2017

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.

Eagle Ford, shale, drilling, oil, gas, Hart Energy
July 6, 2016

There are signs the bottom is at hand, which is the first step in recovery.

October 19, 2015

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.

August 26, 2015

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.

July 24, 2015

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.

Operations

December 21, 2017

More than 144 million barrels were added to hedges after global oil markets rallied by as much as $13 in the quarter. Higher prices help producers lock in profits for future sales.

December 15, 2017

The development of the Apache's Alpine High Field holds ramifications for U.S. oil reserves and future output from the already prolific Permian oil field in Texas.

December 7, 2017

Chevron expects to spend $15.8 billion on oil and gas exploration in 2018, with spending on shale rising to $4.3 billion overall, CEO John Watson said.

May 11, 2017

Suncor said on May 8 it will file a regulatory application for its 160,000 barrel-per-day  (bbl/d) Lewis project later this year, and in March received approval for the 80,000 bbl/d Meadow Creek East plant. It also plans to file an application for the 40,000 bbl/d Meadow Creek West project later this year.

May 10, 2017

YPF said it has placed 96 new wells on production in the first quarter of 2017, including 14 in Vaca Muerta, and that it finalized 11 exploratory wells, Reuters reported.

People

January 18, 2017

Most recently, James Faroppa was vice president of geosciences for Murphy Oil Corp. (NYSE: MUR), handling assurance, portfolio management, and technical and specialist services.

January 9, 2017

Jakub Korczak joined the company, which owns and operates projects in Tunisia and Romania, in 2009. 

December 28, 2016

Workers at Peru's Camisea natural gas fields have called off a strike scheduled for Dec. 29 after reaching a deal on labor benefits with Argentina's Pluspetrol, the union SUTRAPPEC said Dec. 28.

December 2, 2016

Argentina produces an estimated 716,000 barrels of oil per day, according to the U.S. Energy Information Agency, Reuters reported.

Mexico, Energy Secretary, Pemex, U.S. Shale, investment, auctions
September 23, 2016

Mexico’s energy company is struggling and auctions continue to lag, particularly in unconventional areas.

Regulations

January 9, 2018

Ineos said Scotland's decision to outlaw fracking in October flew in the face of other expert reports which concluded that shale gas could be produced safely and has applied for a judicial review.

October 25, 2017

The initial investment of about $200 million calls for a pilot project that brings up to seven wells to production, the construction of production facilities and development of export infrastructure.

July 12, 2017

Argentina needs oil rigs to develop its vast shale oil and gas resources, which the U.S. has plenty of but moving that machinery from the Texas plains to the Patagonian desert is proving complex and costly.

April 21, 2017

The amended time line was a result of discussions between the government and stakeholders and will be incorporated into the proposed regulations expected to be announced at the end of April, CBC News reported.

April 18, 2017

The White House has said it would take a position on the agreement before a summit of the Group of Seven wealthy nations is held in late May, Reuters reported.