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? Maybe, but it’s hard to know what goes into a breakeven price.
Innovation Will Drive Shale Survival
How can operators and service companies go forward in a shale-dominated industry with low oil prices?
Jones Energy CEO Tells of Company’s Transformation
At the recent Leaders in Industry luncheon in Houston, Jonny Jones told the interesting story of how Jones Energy grew from a small private entity to a company whose shares trade on the New York Stock Exchange.
Transocean Makes Latest Move Toward Offshore Consolidation
This new deal marks the second major acquisition of an offshore drilling company since the onset of the industry downturn.
Upbeat Natural Gas Producers Show Value of Low Expectations
The price declines for oil and natural gas are equally brutal, with roughly a 50% decline for both fuels.
Offshore Industry Gets a Fresh Look at Foamed Cement
An ongoing research project started nearly 3 years ago by the US Department of Energy’s National Energy Technology Laboratory (NETL) is shedding new light on what really happens to foamed cement as it is pumped deep down offshore wells during completions.
High-Pressure/High-Temperature BOP Equipment Becoming a Reality
The offshore industry has taken another step toward opening up new deepwater frontiers to exploration with Maersk Drilling ordering the first 20,000-psi blowout preventer (BOP) made by GE Oil and Gas.
BHP Billiton Testing New Methods To Maximize Returns on Completions
Running a shale exploration and production operation requires a sharp focus on costs, but not all are measured the same.
BOP Monitoring Seeks To Reduce Downtime, Increase Insight
Many problems that result in BOP downtime could be prevented if only drilling contractors knew which parts of the subsea system to replace and when. BOP monitoring systems have been developed to increase reliability by enabling preventive maintenance.
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