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SPE.org 

The chief upstream strategist of IHS Markit said in a recent presentation that oil exploration must improve its ability to deliver value and better communicate that value to the financial community. New ways of thinking about exploration opportunities are needed. Producers in Oklahoma’s newly opened Merge play are sitting atop a resource that rivals some major world gas fields and discoveries, Citizen Energy’s Geology CEO Greg Augsburger told the SPE Gulf Coast Section Business Development Group recently. The Austin Chalk play could go through a revival if the industry can view the formation through “a fresh set of eyes,” says EnerVest’s Tony Maranto. Dimethyl-ether (DME) -enhanced waterflood (DEW) is a process in which DME is added to injection water and, upon injection, preferentially partitions into the remaining oil.