April 2018 | Volume 70, Number 4
US Gulf of Mexico Production Projected To Hit Record High
Falling costs and breakeven prices, increased operational efficiencies, and favorable government policy are at the heart of a potential short-term boon in Gulf of Mexico production.
Colorado Operators Reaping Rewards From Sticking by ‘Predictable’ DJ-Niobrara
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.
Additive Manufacturing Makes Waves in Industry
Gas turbine blades and large-scale printing machines highlight new advancements in additive manufacturing that are likely to affect supply chain management in the not-so-distant future.
Rethinking Fracturing at the Point of Attack
A small group of engineers are turning a geeky focus on how to better control the flow of fluids through the holes shot in the casing to increase the number of spots stimulated, and ultimately production.
OTC at 50: Bold Vision Led to Unimagined Success
The decision to launch the Offshore Technology Conference in May 1969 was visionary, but the subsequent success of the yearly conference has exceeded the wildest dreams of the original sponsors.
OTC Names Winners of Spotlight on New Technology Awards
The Offshore Technology Conference selected 15 technologies for its 2018 Spotlight on New Technology Awards. The annual awards program recognizes innovative technologies and showcases the latest advances in offshore exploration and production.
Well Construction Performance Service Bridges Planning-Execution Gap To Boost Efficiency
A new holistic approach to optimizing wellbore economics is bridging the gap between planning and execution and bringing well construction into the digital era to improve data use, enhance collaboration, boost efficiency, and increase safety.
02 April 2018
Ramona Graves, SPE’s Director for Academia, was honored at the first Oil and Gas Investor event hono.......Read More
02 April 2018
Janeen Judah, 2017 SPE President was honored at the first Oil and Gas Investor event honoring women .......Read More
01 April 2018
Mukul Sharma, SPE, professor in the Hildebrand Department of Petroleum and Geosystems Engineering at.......Read More
01 April 2018
Chun Huh, SPE, retired research professor in the Hildebrand Department of Petroleum and Geosystems E.......Read More
01 April 2018
Brady M. Murphy, SPE, was appointed president and chief operating officer of Tetra Technologies, eff.......Read More
In Memoriam - J. Roger Hite
17 February 2018
J. Roger Hite, SPE regional director for the Gulf Coast North America region, died 15 February. He .......Read More
Another Big Gas Field Starts Production Offshore Egypt
More gas is flowing from Egyptian waters and the Eastern Mediterranean with BP’s launch of its Atoll Phase One project.
BP: Robust Adoption of Electric Vehicles Would Not Stop Oil Consumption Growth
Even a robust adoption of electric vehicles in the next 2 decades would not eliminate the growth of either global oil consumption or carbon emissions, BP Chief Economist Spencer Dale said at the rollout of the company’s 2018 Energy Outlook.
ExxonMobil Exits Russian Ventures, Continues Success off Guyana
The US supermajor continues to evolve its global strategy by pulling out of once-promising Russian partnerships and adding to its offshore Guyana oil drilling bounty.
IEA Sees No End to US Shale Output Surge
The scheme by OPEC and non-OPEC producers to collectively curb oil production has brought stability to the global market—which, as a result, could soon be awash in “a second wave” of US shale output growth.
Alternatives No Threat to Oil, Aramco CEO Says
Fears of peak oil demand are exaggerated, Saudi Aramco’s CEO says, despite recent headlines that advances in electric vehicles and worries about climate change will lead to a drop in global oil and gas use.
Ehsaan Ahmad Nasir
Reservoir Engineer, Baker Hughes, a GE Company
Natural Gas Processing and Handling
Despite a dip earlier in the year, natural-gas prices remained steady over 2017, averaging $2.99/million Btu. … Early 2018 has been a different story, however, with natural-gas prices already hitting a couple of peaks (of greater than $5/million Btu according to the Henry Hub Spot Price history).
Global Director, Well-Control Technology, Weatherford
Reservoir Engineer, Petrobras Research Center
History Matching and Forecasting
One unfortunate consequence of a base-case model, however, is the risk of an anchoring effect, in which case we may underestimate uncertainty. Essentially, the anchoring effect refers to our tendency to rely too heavily on the information offered, introducing a bias in the model-construction process
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ON THE COVER
2018 SPE President
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