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.
The interest in on Carbon Capture and Storage (CCS) has increased over the last years with recognition of the ability of CCS to achieve a great reductions in CO2 emission as the fossil fuels will continue to be the main supplier for the world energy demand for the upcoming decades with no other alternatives are forecasted to replace them. The comparison between CCS and the other future alternatives or options relies mainly on the CCS cost -which is the main focus of this paper- removal of CCS deployment barrier in addition to the barriers and costs for the alternative options for CO2 emission reduction.
This study gives an insight comparison between the electricity cost for five different options of power generation including Combined Cycle Gas Turbines (CCGT) without and with CCS, coal and finally the nuclear power plants. In addition, it determines the ranges of fuel and carbon prices at which each option can be economically deployed
The recent coal CCS for Nth of a kind power generation plant cost estimates lie in the region of 60 to 100 $/ton of avoided CO2 which is higher than the previous CCS cost estimated and also greater than the accepted range of the forecasted carbon prices in the upcoming years. The higher costs of coal CCS would suggest the following: Coal CCS power generation plants is way less economical than gas ones for the range of carbon prices less than 60-100 $/ton of avoided CO2 Even at carbon prices higher than 100 $/ton of CO2, coal CCS power plants still produces higher cost electricity when compared to the gas CCS ones as long as the natural gas prices are still lower than 9 $/MBTU Coal CCS electricity costs are still higher when compared to a nuclear power plant option
Coal CCS power generation plants is way less economical than gas ones for the range of carbon prices less than 60-100 $/ton of avoided CO2
Even at carbon prices higher than 100 $/ton of CO2, coal CCS power plants still produces higher cost electricity when compared to the gas CCS ones as long as the natural gas prices are still lower than 9 $/MBTU
Coal CCS electricity costs are still higher when compared to a nuclear power plant option
It is widely believed that the CCS power plants (Gas or Coal) are not expected to be economical over the upcoming years, however introduction of subsidized forms of CCS are likely to take place. Also, CCS technology components are expected to be economically implemented in operations like Enhance Oil recovery (EOR), so, in this paper, an economic evaluation is provided for using of CO2 extracted from natural gas plant into EOR operations. CO2 separation cost in the natural gas processing industry is less than the capture cost of CO2 in power plants as a result of its high gas pressure and the fact that CO2 removal is mandatory to increase the value of a natural gas resource
On the other hand, this is not the case for the CCS of the most industrial emissions, as they are expected to be higher than those of power plants as a result of the smaller scale and wider distributed CO2 streams compared to power generation plants. This shows the importance of the realistic CCS cost estimation as a significant factor in the R&D projects and implementation trials that try to overcome the tackles that face the application of such promising technologies.
This seminar will teach participants how to identify, evaluate, and quantify risk and uncertainty in everyday oil and gas economic situations. It reviews the development of pragmatic tools, methods, and understandings for professionals that are applicable to companies of all sizes. The seminar also briefly reviews statistics, the relationship between risk and return, and hedging and future markets. Strategic thinking and planning are key elements in an organisation’s journey to maximise value to shareholders, customers, and employees. Through this workshop, attendees will go through the different processes involved in strategic planning including the elements of organisational SWOT, business scenario and options development, elaboration of strategic options and communication to stakeholders.
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.
Sourcing water for large multifracture stimulations in west Texas is a well-known constraint on oil and gas activities in the area. A 6-month pilot operation demonstrated that produced-water reuse is technically feasible and can be a cost-effective solution. This paper summarizes the benefits of using a bipolymer crosslinking system in environments where water quality cannot be guaranteed. It also demonstrates the yielded cost savings per well that are achievable when reusing 100% produced or flowback water for hydraulic fracturing. This paper reports the completion of a two-lateral well in the Williston basin where produced water (PW), filtered but otherwise untreated, was used throughout the slickwater and crosslinked components of approximately 60 hydraulic-fracturing stages.
This paper summarizes the benefits of using a bipolymer crosslinking system in environments where water quality cannot be guaranteed. It also demonstrates the yielded cost savings per well that are achievable when reusing 100% produced or flowback water for hydraulic fracturing. Analyzing the properties of produced water is a difficult process because of the extreme levels of suspended and dissolved particulates contained in it, and a chemistry profile that is in constant flux. In this study, samples of flowback water and downhole shales are analyzed to investigate the mechanisms controlling the chemistry of flowback water. This paper details the experience of using new stabilized crosslinked-fracturing-fluid systems in the Permian Basin using borated produced water.
The F field in the Middle East currently has more than 40 producing wells in the center of the structure. The uneven well distribution limits the understanding of 3D reservoir characterization, particularly in the flank areas. A new technique that analyzes scanning electron microscope (SEM) images of formation samples has been used to measure porosity and total organic carbon (TOC) in the Wolfcamp Shale of the Delaware Basin in west Texas.
A new play in the Permian Basin is unconventional in an unexpected way: there is a small group of independents producing from a watery formation where oil production begins after they have pumped only water for weeks. Research into whether CO2 can be used to coax billions more barrels of oil from unconventional formations is beginning to show promise.
Another reminder that it costs more to coax the same amount of oil from new wells as for older wells nearby, with a closer look at the big plays and how the wells are completed. PDC’s president and CEO describes the company’s management strategy for its hydraulic fracturing operations in the Wattenberg Field and the Delaware Basin.