Through data gathering, machine learning, and the use of a supercomputer, a non-profit organization in Texas is seeking to boost oil and gas production on land owned by the states’ two largest university systems. This paper reviews two newly developed novel completion systems that significantly reduce time spent performing multistage stimulation in environments where cost and consequence of failure are high.
San Antonio-based Petro Waste Environmental (PWE) announced the opening of its newest state-of-the-art nonhazardous oil and gas waste landfill facility in Howard County, Texas. Milestone Environmental Services has announced the ground breaking for its new oilfield waste-disposal facility south of Midland, Texas.
Elevated concentrations of strontium, an element associated with oil and gas waste waters, have accumulated in the shells of freshwater mussels downstream from wastewater disposal sites, according to researchers from Penn State and Union College. With concern growing that the underlying geology in the Permian Basin is reaching capacity for disposal wells, the Trump administration is examining whether to adjust decades-old federal clean-water regulations to allow drillers to discharge waste water directly into rivers and streams.
The New Owner Clean Air Act Audit Program, tailored specifically for oil and natural gas producers, will focus on offering more flexibility to new company owners who choose to self-audit their emissions and report any failures to meet EPA’s regulations. Proposed changes would modify EPA's August 2016 final rule, "Oil and Natural Gas Sector: Emission Standards for New, Reconstructed, and Modified Sources." The proposal has been submitted for publication to the Federal Register. Following that publication, the EPA will accept comments for 60 days. With concern growing that the underlying geology in the Permian Basin is reaching capacity for disposal wells, the Trump administration is examining whether to adjust decades-old federal clean-water regulations to allow drillers to discharge waste water directly into rivers and streams.
State health officials say they will review whether exemptions for the fossil fuels industry violates the Clean Air Act. Colorado lawmakers approved a bill overhauling regulations governing the state’s robust oil and gas industry to prioritize public health and safety, over opposition by Republicans and industry groups. Oregon has permanently banned offshore drilling in the midst of a federal push to open 90% of federal waters to oil exploration. A federal judge in Alaska has ruled an executive order by President Donald Trump allowing offshore oil drilling of tens of millions of acres in the Arctic Ocean is "unlawful and invalid." The US Environmental Protection Agency plans to issue a rule regulating methane emissions later this year, administrator Andrew Wheeler said.
PDC’s president and CEO describes the company’s management strategy for its hydraulic fracturing operations in the Wattenberg Field and the Delaware Basin. Baker Hughes is developing a drill bit capable of auto-adjusting its depth-of-cut feature to handle dynamic drilling conditions. Drilling the Severnaya Truba field in Aktobe, Kazakhstan, has been costly and time consuming.
If you are not logged in, you will receive a confirmation email that you will need to click on to start receiving the newsletter. In the shale oil business, cash flow is a life or death issue. For smaller players, money from investors and lenders is getting harder to find. Ghawar vs. Permian Basin: Is There Even a Comparison? While some try to put the two enormous oil producers toe-to-toe, the best thing to do might be to understand why they are different.
Unconventional production patterns in the Permian Basin are leading producers to replace electrical submersible pumps (ESPs) with gas lift, which had been little used there. When a gas lift system starts performing poorly, there is a good chance no one will notice. It is not an event that demands attention like a broken pump. A gas lift system will continue injecting gas into wells and oil will continue to come out. Just not as much oil as there could be.
However, concerns remain about a number of issues, ranging from the steel tariffs to crude oil price differentials in the Permian. Energy activity has shown solid expansion, but to increase drilling, companies need a higher average oil price compared to last year’s surveys, reflecting a steady increase since 2Q and 4Q in 2017. The ability to find workers and limited pipeline capacity could limit near-term growth. Aggressive drilling growth in the Permian and other shale plays belies the cost of those wells, which in many cases are in the red.