Double-Digit Growth Forecast in US Drilling and Completion Market
Drilling and completion expenditure and activity is projected to show multiyear double-digit growth from 2018–2022 despite a flattening of rig count increases.
Water Demand Spurs Permian Infrastructure Investment
Rising oil production in the Permian Basin has created an opportunity for midstream companies to acquire and expand pipeline infrastructure to handle a predicted spike in produced water.
Frac Hits Reveal Well Spacing May Be Too Tight, Completion Volumes Too Large
The effect of frac hits on production economics is becoming more important as a result of the high-speed drilling in the US shale sector. Recent research reveals the financial and recovery risks involved if well spacing results in well-to-well interference.
Permian Winning Streak Could Be Running Out
Projections of future production in the Permian Basin may came up short because new wells drilled near older ones are likely to yield less.
Operators Share Frac Schedules To Know When Wells Are at Risk
To reduce the risk of wells getting “frac hits,” Permian Basin operators around Midland created an information exchange to give them notice of nearby fracturing.
M&A Deals Moving Well Ahead of Last Year’s Pace
Peter Hays, a partner in mergers and acquisitions (M&A) at law firm King & Spalding, says that stabilization in the oil market has helped the industry M&A business to recover.
US Daily Oil Production To Break Record in 2018
Crude oil production in the United States is expected to approach 10 million B/D in 2018 and surpass a previous high achieved in 1970, according to the latest US EIA forecast.
Doing Better By Doing Less: Using Well Logs to Target Productive Rock
The rising cost of fracturing offers a significant incentive for finding ways to avoid unproductive rock. One entrepreneur says he can use standard well logs to target the slice of rock likely produce most, and avoid the rest.
Permian, Bakken Operators Face Produced Water Challenges
As oil prices recover from the low point of the downturn, operators in the Permian and the Bakken are tackling water management issues.
Drilling Costs Flirt with Break Even
Aggressive drilling growth in the Permian and other shale plays belies the cost of those wells, which in many cases are in the red.
New Oil and Gas Institute Seeks To Boost Knowledge and Production in the Permian Basin
Through data gathering, machine learning, and the use of a supercomputer, a non-profit organization in Texas is seeking to boost oil and gas production on land owned by the states’ two largest university systems.
Chemical Maker: Adoption of Completions Nanotechnology Doubles in Downturn
Use of a complex-nanofluids (CNF) additive to hydraulic fracturing fluids has doubled even as activity has fallen because of potential production increases.
A Flexible “Well-Factory” Approach to Developing Unconventionals
This paper analyzes differing well-factory approaches to unconventional assets, with examples from the Wolfcamp unconventional oil play in the Permian Basin.
Payoff Still Possible in Refracturing Conventional Wells
A refracturing campaign in the Permian yielded a production gain that allowed payback on the investment within 6–12 months.
High-Fidelity Microseismic-Data Acquisition in the Midland Basin Wolfcamp Shale Play
The integration of microseismic data with 3D seismic attributes, and well log and completions data is used to understand geomechanical rock properties.
Profits Possible at Low Oil Prices But Tough Changes Required
Low oil prices look like something the industry needs to get used to. “This will be with us for a while,” said Rex Tillerson
09 March 2018
09 March 2018
12 March 2018