Led by Frac, The Oilfield Services Space Could Get Interesting in 2019
Slumping oil prices may throw a wrench into a positive outlook for the global oilfield services and equipment industry. Even if prices rebound, complications in the US fracturing market—and elsewhere—are expected to persist.
05 December 2018
03 December 2018
07 December 2018
USGS’s Largest-Ever Assessment of Continuous Oil Potential: Permian’s Wolfcamp-Bone Spring
Production and proved reserves in the Permian Basin’s Wolfcamp Shale and Bone Spring Formation are reaching new heights, and a new assessment from the US Geological Survey indicates the industry is just scratching the subsurface when it comes to what may be technically recoverable.
Natural Gas is Up, Except Where It’s Down
Natural gas prices have risen in the US but not in west Texas. The contrast is a sign of the growing pains that come with explosive growth changing this increasingly competitive market.
Mexico’s Giant Zama Discovery Gets New Interest Owner
DEA Deutsche Erdoel is buying Sierra Oil & Gas, giving the German operator stakes in six new blocks off Mexico—including the Zama discovery, where appraisal drilling is now under way.
ExxonMobil Makes 10th Discovery Off Guyana, Lifts Resource Estimate by Another Billion Barrels
The Pluma-1 discovery could turn the southeast portion of Stabroek Block off Guyana "into a major new development area," the company says.
BHGE Hopes New Approach Makes Subsea Projects More Viable
The firm hopes to remedy the cost-, labor-, and time-intensive process of executing offshore projects through deployment of “Subsea Connect,” which it says can cut project development costs by 30%.
SPE's New Publications
SPE is launching a new online publication and newsletter on data science and digital engineering and a new monthly newsletter on the unconventionals oil and gas sector.
Permian Pulse: Using Satellite Imagery Analytics To Track the World’s Busiest Oil Play
Companies are bringing satellite monitoring to the unconventional oilfield—namely the Permian Basin—where they are training machine learning models to track and predict drilling and completions work.
Fighting Water With Water: How Engineers Are Turning the Tides on Frac Hits
If the shale sector’s most complex problem can be solved, it will require companies to use their wells as a team. Newly detailed field work shows that a good defense is the key to success.
Mitigation of Wellbore Instability and Mud Losses in High-Depletion Wells
Operators face a dilemma in balancing the need for mud weight (MW) to remain below the fracture gradient to avoid losses, while also providing sufficient density to block influxes into the well.
How Close is too Close? Well Spacing Decisions Come With Risks
The ideal well spacing is in the eye of the beholder. The decision depends on so many factors that machine learning is now trying to determine the best combination of ingredients.
JPT Technology Minute Poll: Which Technology Would You Choose for Offshore Compression?
If you could only choose one of these technologies with which to optimize your next offshore compression, which would it be?
Looking Inside the Well: An Interview With Visuray CEO Kambiz Safinya
Visuray is using its unique X-ray technology to improve downhole imaging.
Senior Adviser for Drilling Engineering, Chevron
Bit Technology and Bottomhole Assemblies
Recent research shows that, in addition to hardness, other rock properties, such as lithology types, heterogeneity, and abrasiveness, have equal importance in bit evaluations. Consequently, the discussion must move from rock-strength analysis to rock-drillability analysis.
Engineering Adviser, SPEC Services
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2019 SPE President
What Does Sustainability Mean for Oil and Gas?
While oil and gas are finite, not “renewable” resources, they are still crucially important to building a more sustainable world and will play a major role for a very long time, not only for global economic growth but also for global social development and human lifestyle enhancement.
19 November 2018
Photo: Bob Gwin. Anadarko Petroleum Corp. announced several cascading financial leadership changes:.......Read More
05 November 2018
Steve Gray was appointed a member of Range Resources’ board of directors. The appointment was mutual.......Read More
31 October 2018
Wild Well Control, a Superior Energy Services company, appointed Bryan Ellis as president. Ellis suc.......Read More
31 October 2018
Brent Smolik, SPE, was appointed president and CEO at Noble Energy, effective 16 November. Smolik ha.......Read More
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