Kayrros found that in 2018 alone, more than 1100 wells were completed in the Permian Basin but not reported through state commissions or FracFocus, a public repository for information on the chemicals used during fraccing.
The technology aims to address parent/child well interference and other completion problems that are contributing to shale well underperformance.
In May and July, Apache closed the sale of noncore assets in two separate transactions, which included assets in the Western Anadarko Basin and the SCOOP/STACK play.
Located in close proximity to the major industrial hubs on the US East Coast, Marcellus and Utica shale plays in the Appalachian basin have witnessed steady natural gas production growth over the last five-six years.
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.
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.
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.