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Oil drilling produces up to 10 gallons of water for every barrel of oil. While the Environmental Protection Agency has balked at allowing oil companies to treat drilling waste water and discharge it into streams, oil-rich states, including Texas, are moving forward with plans to permit it. Last fall, European Space Agency satellites detected huge plumes of methane leaking from the Yamal pipeline that carries natural gas from Siberia to Europe. Energy consultancy Kayrros estimated one leak was spewing out 93 tonnes of methane every hour. The UK’s offshore oil and gas industry has committed to halving operational emissions in the next decade, confirming its pathway to becoming a net-zero emissions basin by 2050. The cement industry is exploring carbon capture technology to reduce its carbon footprint. A new idea from Equinor calls for autonomous submarines to transport CO2 from the surface to the seabed. The Norwegian operator says the shuttles could also carry oil and water for injection.
New research links a rise in seismic activity in West Texas with increased oil and gas development over the past 20 years and, in particular, the past decade. Researchers mapped 251 faults in the North Texas home of the Barnett Shale, the birthplace of the shale revolution, finding that wastewater injection there “significantly increases the likelihood for faults to slip.” Stanford geoscientists have found a way to detect thousands of tiny tremors around hydraulic fracturing operations that could serve as predictors of eventual larger earthquakes. One of Oklahoma’s top government officials announced recently that it could be many more months before the full scope of the state’s regulatory response plan for induced seismicity is proven effective. Earthquake in Cushing, OK -- home to the largest oil storage facility in the world -- leads to further regulatory action on disposal wells in the area.
Researchers mapped 251 faults in the North Texas home of the Barnett Shale, the birthplace of the shale revolution, finding that wastewater injection there “significantly increases the likelihood for faults to slip.” The evolution of hydraulic fracturing is a long and circuitous one that deserves examination. Engineering and completions leaders from Liberty Oilfield Services did just that, authoring a paper that encapsulates the high points in the development of the groundbreaking completions practice. This paper provides a retrospective assessment of the Barnett and Eagle Ford Shale plays to highlight lessons learned and the associated value of those learnings.
Learn more about training courses being offered. Learn more about training courses being offered. This course covers the fundamental principles concerning how hydraulic fracturing treatments can be used to stimulate oil and gas wells. It includes discussions on how to select wells for stimulation, what controls fracture propagation, fracture width, etc., how to develop data sets, and how to calculate fracture dimensions. The course also covers information concerning fracturing fluids, propping agents, and how to design and pump successful fracturing treatments. Learn more about training courses being offered. Current and future SPE Section and Student Chapter leaders are invited to engage and share. Every attendee leaves energised with a full list of ideas and a support network of fellow leaders. Those sections and student chapters actively participating in this workshop have consistently been recognized with awards as the best in SPE. SPE Cares is a global volunteering drive aimed at promoting, supporting and participating in community services at the SPE section and student chapter’s level. On its official launch this year at ATCE Dubai, SPE Cares will conduct a “Give a Ghaf” Tree Planting Programme to help preserve Ghaf’s cultural and ecological heritage. The Ghaf tree is an indigenous species, specific to UAE, Oman and Saudi Arabia. It is a drought tolerant, evergreen tree that can survive a harsh desert environment. The initiative not only aims to hold events/activities at ATCE, but also recognise community service that SPE members are already conducting in their respective student chapters and professional sections. The KEY Club, open daily, is an exclusive lounge for key SPE members. The lounge is open to those with 25 years or more of continuous membership, Century Club members, current and former SPE Board officers and directors, Honorary and Distinguished Members, as well as this year’s SPE International Award Winners and Distinguished Lecturers. DSATS (SPE’s Drilling Systems Automation Technical Section) will hold a half-day symposium featuring keynote presentations on urban automation. This symposium will explore technologies being used in developing smart cities through the automation of their infrastructure, transportation systems, energy distribution, water systems, street lighting, refuse collection, etc. These efforts rely on many of the same tools needed for drilling systems automation yielding increased efficiencies, lower maintenance and reduced emissions.
ExxonMobil and Halliburton made additional cuts in spending and personnel. The list of companies that are slashing millions and sometimes billions from their annual spending programs is growing longer as the ripple effects of a price war and pandemic spread across the globe. The first subsea multiphase boosting system was installed in 1994. Since then, it has grown into a technology with a global track record. Sustainable cost reductions through innovation and standardization will have more of a positive effect on the offshore sector than cyclical oil-price increases, an OTC panel of industry participants agreed.
Developed by the large shale producer, its new way to monitor interactions between horizontal wells is now available as a commercial software. The concept is considered a stepping stone toward real-time fracture design. When engineers went searching for clues on how fractures move beneath the surface, they expected to uncover important learnings. They did not know they were on the path to a new invention. Devon exits the asset that served as the company’s cornerstone for almost two decades and is known to the world as the birthplace of the shale revolution.
What Damage Is Wrought by the Rush to Shut In Wells? The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins. Autonomous Inflow Control Valve technology demonstrates significant benefits within first year. As operators feel the pinch of low oil prices, so, too, do their service providers. The room for error and cost overruns just got a lot smaller with the escalating need to make operations more efficient and leaner with fewer resources and investors continuing to prioritize ESG alongside profitability.
In the complete paper, the authors revisit fundamental concepts of reservoir simulation in unconventional reservoirs and summarize several examples that form part of an archive of lessons learned. A 3-year study of air quality, soils, groundwater, and waterways found few to no effects as a result of hydraulic fracturing operations in Surat Basin coal seam formations. Not everybody suffers when US oil producers slash production. Among the beneficiaries could be US gas producers who will benefit because less oil production will mean a lot less gas on the US market. A downhole compressor solution based on advanced magnetic technologies completed its first field trials in an unconventional gas well.
Nearly everything’s on the table as companies aim to shore up portfolios by curtailing investments and dumping low-priority assets. New report offers guidelines for pressure pumpers of the future. The $20.7-billion agreement is the single-largest energy infrastructure investment in the region. COVID-19 will fundamentally affect the world’s energy systems and the pace and direction of global transition. The WEC identified a three-stage, respond-rebuild-recreate model being adopted by energy companies in response to the pandemic.
The good news is 95% of the oil companies in Texas are expected to survive 2020, which means there is a lot of bad news to endure. Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts. What Damage Is Wrought by the Rush to Shut In Wells? The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins. Autonomous Inflow Control Valve technology demonstrates significant benefits within first year.