The US Department of Energy (DOE) has announced the selection of six projects to receive approximately $30 million in federal funding for cost-shared research and development in unconventional oil and natural gas recovery. The projects, selected under the Office of Fossil Energy's Advanced Technology Solutions for Unconventional Oil and Gas Development funding opportunity, will address critical gaps in the understanding of reservoir behavior and optimal well-completion strategies, next-generation subsurface diagnostic technologies, and advanced offshore technologies. As part of the funding opportunity announcement and at the direction of Congress, DOE solicited field projects in emerging unconventional plays with less than 50,000 B/D of current production, such as the Tuscaloosa Marine Shale and the Huron Shale. The newly selected projects will help master oil and gas development in these types of rising shales. This cement will prevent offshore spills and leakages at extreme high-temperature, high-pressure, and corrosive conditions.
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.
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.
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.
While drug use is a problem among industrial workers nationwide, it raises particular concern in the oil patch as US production surges to record levels in what is already one of the nation’s most dangerous sectors. Inhalation of crystalline silica dust is second only to asbestos as a hazard to construction workers. This video discusses important things to know. Evaluation of Occupational Ocular Trauma: Are We Doing Enough To Promote Eye Safety in the Workplace? The use of eye PPE among workers who sustain an eye injury in the workplace remains low.
The main goal of production logging is to evaluate the well or reservoir performance. The Delaware Basin presented a challenging scenario for Anadarko due to the company’s tankless development approach. Sand filtration was identified as a perfect fit for this application. Natural gas hydrates are considered to store vast amount of natural gas trapped in the subsurface worldwide. However, gas hydrates are yet to be commercialized due to technical challenges in the production technology.
As the industry continues to cut back on spending because of the downturn, is it worth getting into or staying involved with megaprojects? Kim McHugh, general manager of drilling and completions for Chevron Services Company, and Jake Howard, operations supervisor for Chevron in the Midland Delaware Basin, answer questions on the types of career transitions in the industry and how to handle them successfully. Andy Rogers, vice president of business development at Encana, shares his thoughts on the current state of the industry and provides career advice to young professionals amid the A&D landscape. Industry leaders Janeen Judah of Chevron and Kendra Lema of ConocoPhillips talk about what makes a person good leadership material and the opportunities available in the industry. The past and future decade: Industry leaders Eve Sprunt and Luis Rodriguez speak their minds on a host of industry topics.
The industry has figured out how much opportunity lies in the Permian Basin’s Delaware subbasin, and the Delaware play is now dominating US unconventional oil activity, Citigroup’s Jeff Sieler told the SPE Gulf Coast Section reservoir group recently. Industry efficiency gains in the Permian Basin are “very pivotal and we’re not done.
JPT Technology Minute Poll: To Which of the Top Five UN Sustainability Development Goals Do You Think the Oil and Gas Industry Will Contribute the Most? The papers identified in the article cover sustainable development of oil and gas resources in various aspects. Flaring and emissions challenges have recently made news headlines around the world. The goal of this article is to engage you with this important topic by presenting a selection of recent SPE papers which address these challenges through various approaches. Operators face a dilemma in balancing the need for mud weight (MW) to remain below the fracture gradient to avoid losses, while also providing sufficient density to block influxes into the well. JPT Technology Minute Poll: Which Technology Would You Choose for Offshore Compression?