The Permian Boom Collides With a Governor's Climate-Change Push New Mexico’s Lujan Grisham pushes an ambitious pro-environment agenda for an industry whose receipts dominate the state budget. Carlsbad, New Mexico, residents are experiencing health effects, but the science behind their woes lags behind the pace of drilling. Oilfield wastewater disposal volumes are expected to double in the Permian Basin within the next 2 to 3 years, a new analysis from global energy intelligence firm Wood Mackenzie shows. The rising oil production and produced water volumes in the Permian are expanding the scope and scale of recycling. Apache is aiming to have 50% of its hydraulic fracturing water made from recycled produced water this year.
Not all produced water is the same. A seminar held by SPE and associated with the Water Life Cycle and Strategy Technical Section will look at the different types of produced water and the different ways in which produced water is handled in various regions around the world. Management of produced water is driving subtle yet potentially consequential changes in certain regions. By assessing these common elements, partial risk profiles for both conditions can be assessed. Reusing produced water is becoming increasingly economic, available, and necessary.
With the busy and intense streets of Seoul and the calm and refreshing nature of its mountainous range, South Korea makes a unique destination that everyone should experience at least once. In this Women Offshore podcast, offshore professional Amanda Locke shares what it was like for her since her maternity leave ended and she headed back offshore to her job. The attention of the energy industry has focused in recent years on the Permian Basin. But as the Permian gathers the attention, another aging oil field is making its own comeback. Defying all odds a petroleum engineer from Ghana becomes the first female offshore production technician trainee in her country.
The attention of the energy industry has focused in recent years on the Permian Basin. But as the Permian gathers the attention, another aging oil field is making its own comeback. A discussion of how emerging plays boost the economic attractiveness of deepwater Gulf of Mexico. Managing a portfolio of high-impact technologies as an integrated project is Chevron's recipe for success in the deepwater Wilcox in the Gulf of Mexico.
The Unconventional Resources Technology Conference is like visiting an oilfield theme park for engineers and geoscientists. This year those traveling to the conference for a glimpse of what is possible in exploration and production will also focus on ways to improve short-term profitability. Regulators say the blowout that killed five workers on a Patterson-UTI rig in Oklahoma was the product of a slow-moving series of missed signals, misleading testing, and miscalculations that failed to control a natural gas influx. Make or Breakeven: Is Unconventional Oil Production Getting More Efficient? If the benchmark oil price is $10/bbl higher than the breakeven price for production that means companies are making good money, right?
In its first 50 years, LNG has become the world’s fastest-growing gas supply source and is now part of an upheaval in the global energy market. Today, the sector stands at a crossroads, and the industry must adopt new thinking to address current and future needs of buyers, sellers, and consumers. A report from IHS Markit forecasts continued strong production growth in the Permian over the next 5 years despite the well-documented challenges that have recently emerged in the basin. 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.
A report from IHS Markit forecasts continued strong production growth in the Permian over the next 5 years despite the well-documented challenges that have recently emerged in the basin. OPEC and a Russian-led group of non-OPEC producers agreed to extend their deal to collectively curb oil production until the end of 2018, following through on their efforts to rebalance the oil market and support higher crude prices.
Oil prices appear to have stabilized during the past year, and speakers at the annual Energy and the Economy Conference at the Dallas Federal Reserve Bank say they expect prices to remain level, at least for a little while. The Federal Reserve Bank of Dallas’ quarterly survey of operators and service companies shows an industry still confident in its near-term growth prospects. However, concerns remain about a number of issues, ranging from the steel tariffs to crude oil price differentials in the Permian. Energy activity has shown solid expansion, but to increase drilling, companies need a higher average oil price compared to last year’s surveys, reflecting a steady increase since 2Q and 4Q in 2017. The ability to find workers and limited pipeline capacity could limit near-term growth.
Sabine Pass Train 6 gets the nod, Bechtel gets the go-ahead for construction. Apache Corp. signed a deal with Cheniere to supply natural gas produced from its Permian Basin Alpine High area to the Corpus Christi LNG facility Startup comes 8 months after the initial discovery in March, marking the second successful tieback since 2017 to the Beryl Alpha platform in the UK North Sea. The rising oil production and produced water volumes in the Permian are expanding the scope and scale of recycling. Apache is targeting 50% of its frac water to be made up from recycled produced water this year. Industry CIOs examine the challenges operators and service companies face in understanding cybersecurity threats.
A joint-venture agreement gives Solaris control of Concho’s produced-water infrastructure in New Mexico, and Lagoon Water Solutions closed on a deal with Continental in Oklahoma. Getting water is a big issue for those who fracture wells, as is the disposal of it. The number of companies investing in water facilities and reuse, though, remains a minority. Water Outside the Permian: How Are Other Basins Handling the Volumes? The Permian gets the lion’s share of attention when it comes to produced water, but other basins have a need to haul volumes off-site.