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.
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.
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 Weatherford AutoFrac® RFID-enabled stimulation system has been recognised by the 2017 Spotlight on New Technology Awards, which are formally presented during the Offshore Technology Conference (OTC).
The Horseshoe-1 and 1A wells drilled during the 2016-2017 winter campaign confirm the Nanushuk play as a significant emerging play in Alaska’s North Slope.
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.
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.