|Theme||Visible||Selectable||Appearance||Zoom Range (now: 0)|
Shale explorers run very few logs into horizontal wells, making it difficult to understand the effects of reservoir depletion in tightly spaced wells. This new technology is trying to change that. Operators are working with a young startup company to overhaul how the unconventional sector has traditionally interpreted one the most common tests used to influence well completion designs.
In 2 months, the US saw a 56% decline in rig count, reaching a 33-year low. A marked change from a decade ago, Appalachia, the Permian, and the Haynesville now represent almost half of total US gas production, EIA reports. BP To Buy US Shale Assets From BHP for $10.5 Billion BP ends a year of speculation as to who will buy BHP Billiton’s much-coveted US unconventional business, transforming its Lower 48 portfolio in the process. Drilling and completion expenditure and activity is projected to show multiyear double-digit growth from 2018–2022 despite a flattening of rig count increases. After a drop in drilling activity in recent years, the Haynesville shale has become a hot area for natural gas production in the US, and companies are looking to bolster their positions in the area.
The same tools that make it fun and easy for you to see a friend's updates online are also pretty good at tying together unconnected databases holding valuable well information. What do 60,000 sensors on 1,200 pieces of equipment add up to? A new event is kicking off in September that will bring together the brightest minds in digital tech and oil and gas. Figuring out the right price for an active oil and gas field is tricky business in the shale sector but one producer explains how it uses data analytics to get a clearer picture.
The technology is being proven in millions of phones and homes across the world. Now, a small group of software startups wants to introduce chat bot technology to oil and gas professionals. The same tools that make it fun and easy for you to see a friend's updates online are also pretty good at tying together unconnected databases holding valuable well information.
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. The country continues to step up its delivery of shale gas, but has a long ways to go to meet the government's target. While this one could be among the biggest, it is not yet final. There is no single reason that they all exist—and bringing them all on line will face challenges.
The recent increase in global liquid fuel inventory has been largely driven by travel restrictions, and reduced economic activity. Supply is expected come back down as demand and prices recover. Led by Texas and New Mexico, year-over-year crude output jumped by 11% according to the US Energy Information Administration. Going forward, new records will be set but at a slower pace. While renewable energy sources are poised to see major growth, possibly displacing natural gas as the top source of electricity in the US, hydrocarbon production will remain above or near current historical highs until at least 2050.
The Powder River Basin has emerged over the past year as the latest source of oil production growth for the Lower 48. Companies ranging from a reborn Samson Resources to US onshore mainstays Devon, Chesapeake, and EOG are now betting on the basin to become a long-term core asset. Colorado’s industry lacks the size, variety, and Wild West characteristics of Texas, but that is precisely why the Centennial State’s oil production is surging to record levels. This paper describes a comprehensive field study of eight horizontal wells deployed in the stacked Niobrara and Codell reservoirs in the Wattenberg Field (Denver-Julesburg Basin).