Hydraulic fracturing

Prior to being elected president of the society, Lisa Henthorne served on its board for four years, contributing to the growth in technical programmes and member services.

The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil.

The Frost #1H well is located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas.

Abundant hydrocarbon reserves and the ability to drill longer laterals has made Permian Basin the most prolific shale play in the world, according to GlobalData, the data and analytics company.

In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks. Wood Mackenzie eastern Asia upstream research analyst, Xianhui Zhang, provides commentary.

EIA’s Annual Energy Outlook 2019 (AEO2019) Reference case projects that U.S. tight oil production will continue to increase through 2030, ultimately reaching more than 10 million bpd in the early 2030s.

During 2018 Eagle Ford re-emerged as one of the lucrative destinations for oil and gas companies, according to GlobalData.

Oil majors are readying themselves for the energy transition by investing in shale and waiting for renewable technology to be economical, according to Rystad Energy.

Agreement will provide proppant to industry leader.

Increasing investment towards exploration and production of unconventional resources due to rising concern towards rapid depletion of conventional resources will drive the hydraulic fracturing market size during the forecast period.

Baker Hughes, a GE company, has announced the introduction of its MILLITE™ lightweight frac plug, which mills out more smoothly and cleans up better than other conventional frac plugs, cutting costs and helping customers achieve first oil faster.

StimPlan is a complete and integrated software solution for hydraulic fracture design, analysis and optimisation.

The investment has been led by Quantum Energy Partners to drive growth and innovation.

Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.

Following a drastic drop in the Waha Hub natural gas price earlier this week, Adrian Lara, Senior Oil and Gas Analyst at GlobalData, offers his view on the impact on the upstream sector.