Despite a slowdown in the number of rigs being added in the shale basins, output targets will be met or exceeded as producers are adding to their hedged positions, according to ESAI Energy’s recently released North America Watch.
Professor John Underhill, Chief Scientist at Heriot-Watt University, revealed that while opponents of hydraulic fracturing continue to focus on the environmental impact of this method of oil and gas extraction, the geology of the UK doesn’t support it.
The new facility will be capable of producing up to 5 million t of regional sand per year and will serve as another channel by which the company will service the evolving dynamics of the oil and gas industry.
McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its North American Shale Oil Outlook.
On June 19, EQT Corporation entered into an agreement to acquire Rice Energy for US$ 8.2 billion.
The percent of horizontal rigs in the Permian grew from 14% in January 2013 to 27% in January 2015. Now, the Permian accounts for over 42% of the active horizontal rigs in the US land market.
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.
The company has won a bankruptcy auction to acquire the acres, including drilling rights on 44 100 net acres in the Utica and current natural gas production of approximately 80 million ft3 per day, from Stone Energy Corp.
In the market of drilled and uncompleted (DUC) wells, there have been concerns about using frac sleeves in the completion design, then having them reliably open one, two, and almost three years later with repeatable success.
Anadarko Petroleum Corporation has announced that it has agreed to sell its Eagleford Shale assets in South Texas for US$2.3 billion to Sanchez Energy Corporation and Blackstone Group LP.
The landmark decision of OPEC and Russia to cut output has sparked a surge in oil prices and trading volumes.
Reservoir modelling software selected to determine well placing and reduce geosteering risk.
Union calls for urgent and meaningful discussion to keep Britain's lights on.