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.
A Midland Basin case study on estimating production, drainage volume, and interference from multiple stacked wells. Openhole multistage (OHMS) systems are more cost-effective than the cemented casing plug-and-perf (CCPP) techniques for increasing production and reducing development costs. Understanding how much rock is being stimulated and propped is critical for unconventional producers. New imaging methods using electromagnetic energy or acoustic microemitters could represent a milestone in understanding what is left behind after fracturing. The integration of microseismic data with 3D seismic attributes, and well log and completions data is used to understand geomechanical rock properties.
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?
Noble’s first row of wells in its massive Mustang project is helping increase the operator’s DJ Basin output, and similar results are soon expected in the Delaware Basin. Proved oil and gas reserves in the US have spiked to levels not seen before, the EIA reports, and one of the main drivers is the Permian’s Wolfcamp-Bone Spring Shale.
Production and proved reserves in the Permian Basin’s Wolfcamp Shale and Bone Spring Formation are reaching new heights, and a new assessment from the US Geological Survey indicates the industry is just scratching the subsurface when it comes to what may be technically recoverable. Major oil discoveries by Armstrong Oil & Gas and ConocoPhillips have compelled the US Department of the Interior to reassess its estimate of undiscovered, technically recoverable resources in parts of Alaska. The list of the biggest gas plays in the US is being revised as the US Geological Survey creates new estimates based on additional drilling results and available rock samples. New at Number 2 is the Mancos Shale on the Western Slope of the Rockies with 66 Tcf in recoverable reserves.
Noble’s first row of wells in its massive Mustang project is helping increase the operator’s DJ Basin output, and similar results are soon expected in the Delaware Basin. Production and proved reserves in the Permian Basin’s Wolfcamp Shale and Bone Spring Formation are reaching new heights, and a new assessment from the US Geological Survey indicates the industry is just scratching the subsurface when it comes to what may be technically recoverable. The SPE Liquids-Rich Basin Conference in Midland, Texas, merged topics that have dominated recent industry discussions: technologies centered on big data, interwell communication, and Permian Basin production. WPX Energy COO Clay Gaspar discusses his company’s timely transformation into a Permian player and the challenges that lie ahead in the basin. The Irving, Texas-based supermajor plans to cash in on its expanded foothold in the Permian Basin, aided by a big reduction in the US corporate tax rate.
Achieving high hydrocarbon recovery is challenging in unconventional tight and shale reservoirs. Although EOR/EGR processes could potentially improve the recovery factor beyond the primary depletion, large-scale field application of these processes are not yet established in these reservoirs. This session will focus on the latest research trends, modelling and experimental work to better understand issues involved in improved economic recovery from such reservoirs.
The author argues that the advent of cloud technology should not be regarded as a further challenge to security but an opportunity to revitalize and improve a company’s defenses dramatically. 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 Bakken and Niobrara operator will eliminate 254 jobs in an effort “to better align [its] business with the current operating environment.” Marathon Oil says its shale fields are producing more oil and gas with less hands-on work from company personnel thanks to a growing arsenal of digital technologies and workflows. This paper explains how an ultradeepwater drilling contractor is applying real-time analytics and machine learning to leverage its real-time operations center to improve process safety and performance.