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The sale of the Appalachia position is in line with Shell’s strategy to focus on its shales strategy. The combination will operate and share ownership of midstream gas assets in the Utica and Marcellus Shale plays. CPPIB financially backs operator Encino Energy, which last year acquired Chesapeake Energy’s Utica assets.
A producer in the Marcellus Basin selected Edge Gathering Virtual Pipelines 2 to capture and liquefy gas from its stranded wells in Tioga County. Initial operation is underway and is set to be ongoing until at least 2022. Researchers at Texas Tech University have released a study into wastewater production and disposal in the Marcellus Shale, proposing disposal hubs across the state of Pennsylvania that could reduce trucking distances. As part of a revised strategic plan, the Spanish company says it will invest more than $9 billion on its overall operations by 2020, with much of it going to its upstream business unit. Predictive models may help in the estimation of produced water volumes and the optimization of the locations for water recycling and disposal facilities to reduce truck hauling distances.
Using a European Space Agency satellite, data analytics firm Kayrros pinpointed global locations of methane emissions and recorded a 32% increase in the overall volume of methane emitted from large leaks compared with the first 8 months of 2019. FLITE Material Sciences says that its unique lasering process can be used on just about any type of material to make it either repel or attract water and oil. For an industry that deals with a lot of both, the technology has many potential use cases. As data management (DM) moves from priority to imperative status in the beleaguered upstream industry, growing gaps between DM-mature and DM-immature organizations will determine future leaders. Imagine the time when we are no longer concerned about the digital-transformation issues we face today, such as data availability, security, and many others. This would be the time when companies make the best out of digital infrastructure. This era might be here sooner than expected.
The Pennsylvania-based producer will leave Louisiana where profiting from tight-gas fields has proven difficult and focus on its legacy assets in the Marcellus Shale. Output fell below 12 million B/D and was down more than 300,000 B/D from an all-time high in April, according to data from the US Energy Information Administration. ConocoPhillips has pulled out of the much-hyped Louisiana Austin Chalk play after the company’s test wells yielded a gusher of water. Indigo Natural Resources, Aethon Energy, and Rockcliff Energy are among the most active operators in the revived Haynesville Shale of North Louisiana and East Texas. And most people outside of the region likely have never heard of them.
Advanced machine-learning methods combined with aspects of game theory are helping operators understand the drivers of water production and improve forecasting and economics in unconventional basins. A test showing that it’s possible to automate the billing process for produced water hauling has opened the door for tracking a wide range of field activities. The industry downturn brought on by COVID-19 has motivated big companies to test practical applications sooner. The room for error and cost overruns just got a lot smaller with the escalating need to make operations more efficient and leaner with fewer resources and investors continuing to prioritize ESG alongside profitability. This paper describes a coreflooding program performed with sandpacks at different permeabilities, water qualities, and injection conditions.
Advanced machine-learning methods combined with aspects of game theory are helping operators understand the drivers of water production and improve forecasting and economics in unconventional basins. What Damage Is Wrought by the Rush to Shut In Wells? The Permian Basin is now influencing the upstream water market on the way down, while many questions swirl around the implications of unprecedented shut-ins. Autonomous Inflow Control Valve technology demonstrates significant benefits within first year. As operators feel the pinch of low oil prices, so, too, do their service providers.
Advanced machine-learning methods combined with aspects of game theory are helping operators understand the drivers of water production and improve forecasting and economics in unconventional basins. The national oil company’s remote northern region has delivered a pair of greenfields that await further drilling before a reserves estimate can be made. The Pennsylvania-based producer will leave Louisiana where profiting from tight-gas fields has proven difficult and focus on its legacy assets in the Marcellus Shale. The complete paper presents a solution that assesses tight matrices and natural fractures at a level not previously achieved. At the tight-matrix level, advanced nuclear spectroscopy is carried out with a new pulsed-neutron device that achieves simultaneous time- and energy-domain measurements.
Decline-curve analysis is one of the more widely used forms of data analysis that evaluates well behavior and forecasts production and reserves. Based on the early results from mass shut-ins of shale wells, it did not harm long-term production and it paid a short-term dividend with more oil flowing in the days after restarting. Have Oil Sands Producers Found an On-Off Switch for Their Wells? When oil demand vaporized, oil sands producers cut 300,000 B/D of production from wells using steam injection to produce bitumen. It is a huge test of something they have long been reluctant to do—turn down in-situ production when prices plunge.