Featured this monthPermian Basin RenaissanceA renaissance in drilling activity is occurring in the Permian Basin in the southwestern United States. According to the Railroad Commission of Texas, the Texas Permian Basin rig count increased from 129 in 2005 to 355 in 2011 and the total Permian Basin rig count climbed to 500 in May 2012.
Shopping for New Ideas Outside the Oil Business As oil and gas exploration and service companies face new challenges, the best solution is often achieved by adapting technologies from outside the industry. Examples of such technologies are digital solid state propulsion, fluid imaging, polymer aging concepts, special conductive coatings, and rapid high temperature heat treatment.
Management As the topic of "the cloud" has attracted much attention in recent years, several competing definitions of it have emerged. A comprehensive definition put forward by the US National Institute of Standards and Technology seeks to clarify the issue.
Young Technology Showcase The Baker Hughes MaxCOR rotary sidewall coring service provides fast, accurate 3.8-cm-diameter core samples with 213% more volume than the company’s standard PowerCOR rotary sidewall coring samples. The system improves accuracy of rock and fluid analysis and is capable of acquiring larger, higher quality samples while operating at the highest industry temperature and pressure ratings.
Unconventional Exploration Reaches Alaska’s North Slope The North Slope of Alaska has the potential to be the site of the next US shale exploration boom. Great Bear Petroleum is already drilling, and, according to the US Geological Survey, up to 2 billion bbl of oil could be produced from shale formations on the North Slope.
Guest Editorial Since the beginning of 2010, front-month gas futures prices have fallen from USD 5.60/MMBtu to their current level of USD 3.60/MMBtu. However, in light of the upside influences, Jeff Miller, executive vice president and chief operating officer of Halliburton, presents his bullish view on the long-term future of natural gas.
Niall Fleming, SPE, Leading Advisor for Well Productivity and Stimulation, StatoilAdvances in nanotechnology have revolutionized many aspects of medical treatments and electronics, and huge potential exists for similar benefits to be realized in the oil industry. Operators and service companies, in cooperation with academia, are investigating the potential applications of nanotechnology and examining the scope for crossover technologies that have been developed for other industries.
Molecular-Dynamics Study Examines Effect of Nanoparticles on Oil/Water Flow Experiments on oil/water/nanoparticle flow behavior in confined clay nanochannels were conducted with molecular-dynamics simulations. Three sizes of nanochannels and different numbers of nanoparticles were considered. The results show that the pressure to drive the oil/water binary mixture through a periodic confined channel increases dramatically with the reduction of the channel size. In the absence of […]