As the industry continues to cut back on spending because of the downturn, is it worth getting into or staying involved with megaprojects? Kim McHugh, general manager of drilling and completions for Chevron Services Company, and Jake Howard, operations supervisor for Chevron in the Midland Delaware Basin, answer questions on the types of career transitions in the industry and how to handle them successfully. Andy Rogers, vice president of business development at Encana, shares his thoughts on the current state of the industry and provides career advice to young professionals amid the A&D landscape. Industry leaders Janeen Judah of Chevron and Kendra Lema of ConocoPhillips talk about what makes a person good leadership material and the opportunities available in the industry. The past and future decade: Industry leaders Eve Sprunt and Luis Rodriguez speak their minds on a host of industry topics.
Sandy Kusano worked through the cycles of oil prices, seeing it soar from $4.87/barrel in 1978 to $125/barrel in 2008, working at one company, ConocoPhillips. While oil price and public perception may act as near-term threats to the industry, an industry in flux is an opportune time for new entrants to make their mark. In an interview with TWA, Hollub shares her leadership experience and company strategy. In a challenging market condition, an astute observation of the investment flow in the industry can help young professionals land in good jobs. For young professionals, understanding the governing principles of oil price and connecting them with facts is key to facing the price turmoil.
This paper presents the data collected by an ultrasound downhole scanner, demonstrating a novel method for diagnosing multilateral wells. Electrical-submersible-pump (ESP) technology is a proven artificial-lift method for shallow, low-pressure reservoirs such as those found in the West Sak viscous oil field in Alaska. The green light comes 4 years after the privately-held firm filed its development and production plan. Liberty Island would consist of gravel, stretch 9 acres, and sit just a few miles offshore. 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.
Malaysia’s Petronas, Shell Malaysia, and Thailand’s PTTEP are now in the midst of full-scale digital adoption. The companies are beginning to see results, but none is counting on a “big bang” in development of the technology soon. Some 3,000 people and counting intrigued by UK oil and gas data have signed up for access to the country’s new National Data Repository. What motivated the OGA to make the data available to the public, and what can the public do with the data? Fed by big data loads from big operators, a university consortium and software firm are each working to make upstream data access as quick and easy as a Google search.
The green light comes 4 years after the privately-held firm filed its development and production plan. Liberty Island would consist of gravel, stretch 9 acres, and sit just a few miles offshore. Well fires look all consuming, but proving they burn all the oil without leaving a spill behind required the efforts of Boots Coots plus a rocket scientist and a lot of high powered computer equipment. 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. ConocoPhillips is producing more oil from the North Slope as it advances development of the massive, historic region.
Oilfield flares are a bright indicator of rapidly rising oil production that exceeds pipeline capacity. And it raises the question: Why are oil companies in such a hurry? The very first fracturing job used sand scooped from a nearby river. After decades of buying sand based on tight size standards, unconventional operators are increasingly going back to a broad range of sizes, similar to that river sand. With the purchase, the growing, privately-held Chrysaor Holdings will expand its UK North Sea production to 185,000 BOE/D.
This deal will form the second-largest producer in Colorado’s DJ Basin. The combined company will produce more than 100,000 BOE/D from the Permian Basin and Eagle Ford Shale and is switching its focus to “mega-pad” developments. The deal consists of stakes in nine shallow-water producing fields covering 108,000 gross acres in 10–50 m of water. The combination will create one of the Haynesville Shale’s top gas producers, tripling Comstock’s Haynesville-Bossier acreage. Murphy Oil to Buy Deepwater US Gulf Assets for up to $1.625 Billion The El Dorado, Arkansas-based Murphy has quickly found a home for some of the cash it will receive from the sale of its Malaysia business.