Total has sanctioned the development of the first phase of the operated Aguada Pichana Este license in the giant Vaca Muerta shale play in Argentina. Moreover, the Group will also increase its interest in the license from 27.27% to 41%.
Many oilfield service and supply companies, including Halliburton, Hi-Crush, U.S. Silica, and Fairmount Santrol have cited a shortage of frack sand for the US shale plays, specifically 40/70 frack sand in the Permian Basin.
The EIA’s Annual Energy Outlook 2017 Reference case projects that US tight oil production will increase to more than 6 million bpd in the coming decade, making up most of total US oil production.
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The agreement will cover rig-inspection services in shale and other unconventional formations including the Eagle Ford, Barnett, Marcellus and Bakken plays in the US.
Danos is expanding its footprint in the Permian Basin region, adding more office and shop space in order make its full range of services offerings available to customers in the area.
Royal Dutch Shell plc has announced that it has agreed to sell approximately 206 000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp.
Stuart Large, Fotech Solutions, reveals how optimising the frack and refrack process is maximising production efficiency in a downturned market.