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.
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.
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.
Single-plane, three-charge system is up to 3.5 times shorter than traditional perforating guns, enhancing well-completion flexibility and operational efficiencies.
22-24 January 2019 in Sugar Land, Texas at the Sugar Land Marriott Town Square, attendees will benefit from 10 years of hard-won lessons by a community of dedicated oil and gas professionals.
Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector are set to benefit from this trend reversal.
The company announced today that it has begun to see natural gas flow to the surface from its shale exploration well at the Preston New Road site.