TOPICS OF INTEREST
Now There’s Enough Pressure Pumping and Sand to Go Around
Hydraulic fracturing is now a little bit easier for US shale operators thanks to readily available horsepower and in-basin sand.
BP To Buy US Shale Assets From BHP for $10.5 Billion
BP ends a year of speculation as to who will buy BHP Billiton’s much-coveted US unconventional business, transforming its Lower 48 portfolio in the process.
Is the Permian Barreling Toward a Breaking Point?
Permian oil output is growing fast, pipeline capacity is full with little relief in sight, truck drivers are in short supply, and the value of basin-produced crude is sinking. Is a drop off in activity—including drilling and production—becoming inevitable?
The Big Unknowns for World’s Balancing Act of Supply and Demand
Prices are up, and so is production. But a new report from BP raises important questions as to how the biggest producers will respond to shifting dynamics.
Embedded Discrete Fracture Modeling With Artificial Intelligence in Permian Basin
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.
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.
Concho Deal Creates Permian Basin Giant
A pair of Permian pure-play operators are consolidating to form a regional drilling and production powerhouse.
Horizontal Shale Well EUR Determination Focused on the Permian Basin: An Integrated Method
Big-data mining techniques can help determe the type-curves and the resulting estimated ultimate recovery of an asset being evaluated for acquisition.
Well-Placement Timing, Conductivity Loss Affect Production in Multiple-Fracture Wells
This paper describes numerical-simulation results from a three-well pad in a stacked liquids-rich reservoir (containing gas condensates) to understand the interaction between wells and production behavior.
Firms Lay Transformation Blueprints for Post-Downturn E&P World
Two old school operators and a financial change agent embody a new era for the US onshore industry. Their CEOs convened at the NAPE Global Business Conference in Houston to explain why.
Producers’ Commitments Keep Methane Emission Reduction in the Spotlight
With the API and a multi-operator group passing separate programs aimed at reducing methane emissions, the discussions on what defines an acceptable level of regulation continues within the industry.
Unconventional Resources: Will Shale Oil Ever Make Money? Quite Possibly Next Decade
This well-established oilfield consultancy explains why 2020 might be a big year for the unconventional sector.
Unconventional Resources: Three Alternative Paths To Maximizing Unconventional Resources
As well-developed shale plays and tight formations mature and decline in production, nontraditional strategies for maximizing production and discovering new resources must be considered.
With New Rig Software, Automated Drilling is Easier To Embrace
A new process system compatible with all types of drilling rigs is opening the door to wider adoption of drilling automation in North America’s shale sector.
Argentine President Macri Visits With US Oil and Gas Industry, Asks For More Investment
Argentina President Mauricio Macri visited with oil and gas companies in Houston to emphasize that his country’s reforms are making it increasingly attractive for upstream investing.
More Oil, More Water: How Produced Water Will Create Big Cost Problems for Shale Operators
If crude prices, rig counts, and tight oil production demonstrate a stronger upward trend in the months to come, US shale operators may find themselves with more produced water than they bargained for.
New Numbers Highlight Permian Bonanza
This week the US Geological Survey (USGS) reported that the Wolfcamp shale holds 20 billion bbl of technically recoverable oil. This builds on other active formations in the Permian Basin, where nearly half of US active rigs are operating.
Completion and Well-Spacing Optimization for Horizontal Wells in Pad Development
In organic shales, hydraulic fracturing is important for optimizing the production of horizontal wells. For a standalone lateral, the propped surface should be maximized to increase production. In the case of a pad, well spacing is an additional factor.
The Role of Induced Unpropped Fractures in Unconventional Oil and Gas Wells
On the basis of production data, diagnostic methods, and field observations, it is becoming increasingly clear that induced unpropped fractures created during the hydraulic-fracturing operation play a critical role in determining the success of fracture treatments.
Abundant Supplies A Lingering Problem
Mass layoffs and rising bankruptcies haven't put an end to abundant supplies.
The Reason to Expect Prolonged USD 30–60/bbl Oil
A fairly stable set of conditions coalesce to make a strong reason to expect the oil price to range between USD 30/bbl to USD 60/bbl for the foreseeable future.
Shift Toward Permian Drives Rising Rig Count
The US rig count has inched up recently, and the driver has been the old reliable of onshore oil production, the Permian Basin. With surging production, the Permian is the only major US oil shale play to grow since crude prices began to fall.
Engineered Shale Completions Based on Common Drilling Data
In this study, the authors demonstrate a reliable, cost-effective methodology that empowers shale operators with reservoir data on every well.
Boosting Shale Fracability With Positive Ions
A long-time energy industry executive and chemical engineer has built a new water treatment system that he says can increase recovery rates from shale wells without using chemicals and will recycle all the water used in the process.
Upon Further Consideration, US Gas Reserves Look Bigger
The list of the biggest gas plays in the US is being revised as the US Geological Survey creates new estimates based on additional drilling results and available rock samples. New at Number 2 is the Mancos Shale on the Western Slope of the Rockies with 66 Tcf in recoverable reserves.
Drilling Slump in North Dakota Allows Rapid Flaring Reduction
The amount of natural gas flared has plunged in North Dakota, a region that has been the leader by far in gas wasted because gathering systems could not hook up the wells fast enough.
Shell Stays Committed to Shale Opportunities
Shell has reaffirmed its commitment to the shale business and views it as a growth opportunity moving into the 2020s
New-Frontier Reservoirs I
With the current changes in the industry, are we seeing the demise of unconventional developments? No, clearly not. The unconventional industry is adapting to deliver the energy demands of the future despite the low oil price.
CO2-Based Enhanced Oil Recovery From Unconventional Reservoirs
In this study, detailed petrophysical and geological field models focusing on the middle and lower members of the Bakken Formation were developed.
EOR-For-Shale Ideas to Boost Output Gain Traction
The low recovery rates observed in most shale reservoirs has prompted a number of research projects to develop new enhanced oil recovery methods.
DNA Sequencing: A New Diagnostic Tool for Shale Wells
For the past 2 decades, the use of DNA sequencing technology has largely been relegated to the domains of criminal forensics and the healthcare industry. One company is betting that the shale industry soon will join that list.
Unconventional Measures For Shale Reservoirs
One of the biggest ways to lower the cost of production from shale would be to identify zones that are productive, or not, before fracturing them.
Shale Completions Improve, Despite Shrinking Number of New Wells
Two places that illustrate the mounting challenges facing the shale business are the Bakken Shale in North Dakota, where the number of working rigs is one-third what it was a year ago, and the Fayetteville Shale in Arkansas, where there are no more working rigs.
Surviving the Downturn: Oil Executives See Continued Tough Times Ahead
Holding little back, speakers at the annual IHS CERAWeek conference in February discussed how the industry has been shaped by the disruptive impact of North American shale production and predicted that many more months of financial pressure will spell the end for some companies.
Drawdown Management Critical To Mitigating EUR Losses in Shale Wells
In drawdown management, operators can exert control over the downhole flow pressure, reservoir pressure, and choke size to avoid estimated ultimate recovery (EUR) losses.
Designing an Optimized Surfactant Flood in the Bakken
The Bakken’s ultratight, largely oil-wet nature limits the potential of waterflooding. As an alternative, an optimally spaced well-to-well surfactant-flooding technology is proposed.
Water Management: Lessons Learned and Considerations for a Shale Play in Argentina
This paper discusses aspects of water logistics necessary during the well-completion phase, fracture-treatment designs applied in Vaca Muerta, and laboratory studies performed on flowback and produced water to help evaluate the potential for water reuse.
Digitizing Core Scans Brings Old Methods into 21st Century
Pulled directly from the reservoir rock, core samples provide critical data used to determine how exploration should proceed. Until recently, core analysis remained old school, however, there is an ongoing transition to bring the process of core description into the digital age.
Halliburton Reveals Refracturing Strategy
Although refracturing is a topic that has gained a lot of interest, many shale producers have been sitting on the sidelines because early results did not justify the spending
A Practical Simulation Method Capturing Complex Hydraulic-Fracturing Physics
To understand production from shale reservoirs, the role of hydraulically induced fractures, natural fractures, and their interaction in a formation must be captured.
Artificial Lift Experts Warn of Long-Term Production Issues in Horizontal Wells
A panel of experts says US shale producers need to rethink their drilling and completion designs as problems mount for horizontal wells when they go on pump. Hanging in the balance is whether long-term production from many shale wells will be achievable.
Shale Industry Needs to Look Within for Solutions That Save
At the recent 2015 Unconventional Resources Technology Conference, a major theme was how companies can improve performance without increasing the size of their budget.
Search for Elusive Sweet Spots Is Changing Reservoir Evaluation
The pursuit of sweet spots in unconventional oil and gas plays is driving the creation of an emerging set of data-driven systems to measure, map, and predict how wells will perform in unconventional reservoirs.
Unconventional Rock Defies Old Rules, but New Rules are Far From Being Ready
The label unconventional oil and gas stubbornly hangs on because these formations cannot be understood using the rules of conventional petroleum engineering.
Unconventional Resources Will Require Unconventional EOR
The Bakken Petroleum System, which includes the Bakken and Three Forks shales in North America, is estimated to hold as much as 900 billion bbl of original oil in place.
Universities Partner To Create Science Wells
This is the teaser.
Modeling of EOR in Shale Reservoirs Stimulated by Cyclic Gas Injection
This paper focuses on the effects of injected-gas composition and fracture properties on oil recovery, concluding that cyclic gas injection in hydraulically fractured shale oil reservoirs is feasible for improving oil production substantially over primary production.
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01 August 2018
31 July 2018
07 August 2018