A Calgary Young Professionals (YP) workshop was held as part of the Canadian Unconventional Resources Conference in Calgary, Alberta, in the fall of 2011. The workshop, titled Speed Mentoring/Design Your Career, offered participants an opportunity to engage with and obtain the advice of experienced professionals at three sessions over the course of the afternoon. The workshop began with a keynote luncheon, titled Dare to Accelerate Your Career. The keynote speaker, John Honeycutt of Key Energy Services, presented results of a survey that drew on the responses of 2,000 industry professionals. The second session invited four panelists to share their personal career experiences.
SPE young professional members Christina Karapataki and Sam (Yinglin) Xu are recognized in Forbes' 2017 list of 30 Under 30 in Energy. Karapataki is a principal at Schlumberger and makes venture capital investments on behalf of the company. In recent years she has deployed USD 9 million in ten financings of companies, including Nantero, Onapsis, 908 Devices, and Naturafrac. She holds BA (Hons) and MEng degrees from Cambridge University and an MS degree from Massachusetts Institute of Technology. Xu is the head of oil and gas investment banking at CohnReznick Capital Markets Securities.
Emerson will increase its foothold in the oil and gas industry with the purchase of software maker Paradigm. As the GE-Baker Hughes deal moves closer to finalization we now know who will be leading the combined company. The offshore drilling sector has taken a step towards consolidating an oversupplied market and Ensco will emerge from this most recent deal as the owner of the largest combined fleet of floaters and jackups. A Houston-based energy consultancy concludes that a series of downturn deals have contributed more to the resiliency of the US shale sector than a rise in oil prices.
Upward momentum in US industry operations continues to gather, as the survey conducted by the Federal Reserve for the just-completed fourth quarter of 2017 indicates. Drilling activity in US shale plays is slowing as operators encounter higher prices for labor, equipment, and services, and lower prices for the oil and gas produced.
Digital technologies serve as a primary theme of this year’s group, with a few environmentally conscious firms included in the mix. The well will immediately be brought on production and is expected to flow at more than 100 MMscf/D of gas and 3,000 B/D of associated condensate, the company said. The main goal of production logging is to evaluate the well or reservoir performance. The shale sector is studying the results of a 23-well experiment in the southeastern corner of New Mexico to learn what the wider implications might be. The shale sector is making moves to consolidate amid investor pressure to increase cash flow.
Unconventional development has made it clear to Erdal Ozkan that conventional theory overlooks a lot of potentially productive rock. He talks about looking for ways to do better as part of JPT’s tech director report. Completion engineers feel pressure to maximize production per acre and minimize the downsides of fracturing in tight spaces. Terry Palisch, talks about promoting knowledge sharing as part of JPT’s tech director report. Though crude prices are rising, US shale producers face questions over whether their improving oil production results and cost efficiencies will last as increasing drilling activity drives demand for oilfield services.
The current oil and gas commodity prices have posed several challenges to oil and gas companies operating in shale plays trying to generate revenue or even becoming cash neutral. The 1996 book, Lean Thinking, introduced lean to mainstream business. Since then, lean has propelled operational excellence in construction, software development, healthcare, financial services, state government, and more.
The standard for progress in shale development has been the drastic reduction in the number of days needed to drill a well, from more than 20 to less than 5 in some unconventional plays. But some question whether it has become a misleading metric for an industry needing more productive wells. The only wells that are straight or follow a smooth curve are in the pictures in well plans. Real wellbores are shaped by the mechanics of directional drilling tools, the skills and attention of drillers, the force of gravity, and the path followed by hydrocarbon-rich seams of rock.
Texas regulators rejected a rare challenge to gas flaring in the state after an oil company argued that a flaring ban would force it to shut in wells, damaging the reservoir and reducing future oil production. There is every reason to believe that enhanced oil recovery through huff-and-puff injections in US tight-oil plays could be a technical success across large numbers of wells. However, widespread economic success remains uncertain. This paper demonstrates how engineers can take advantage of their most-detailed completions and geomechanical data by identifying trends arising from past detailed treatment analyses. This paper studies the technical and economic viability of this EOR technique in Eagle Ford shale reservoirs using natural gas injection, generally after some period of primary depletion, typically through long, hydraulically fractured horizontal-reach wells.
The Mexican government continues to update its environmental regulations as authorities prepare for the first exploration and production (E&P) auction to feature blocks with unconventional oil and natural gas resources. As interest in unconventional resources has grown in Europe, so have concerns about the potential environmental impacts of their development.