The West Virginia Department of Commerce has announced China Energy Investment Corporation Limited’s plan to invest US$83.7 billion in shale gas development and chemical manufacturing projects in West Virginia.
The agreement increases Shale Support’s access into the Ohio, West Virginia and Western Pennsylvania markets, providing storage while allowing it to be one of the lowest cost providers of frac sand to the region.
The fracture stimulation is anticipated to take approximately two weeks, after which the equipment will be removed and the flowback will commence.
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.
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.