Hydraulic fracturing news
Rystad Energy: Argentina’s Vaca Muerta world’s quickest growing shale play
A report from Rystad Energy concludes that a surge in growth from Vaca Muerta is poised to lift Argentina’s country-wide oil production to the highest level in years, with the play’s competitiveness also rising against US basins.
Shell to sell Permian business to ConocoPhillips
Shell’s Permian business includes ownership in approximately 225 000 net acres with current production of around 175 000 boe/d.
GlobalData: US shale producers remain disciplined despite high oil prices
Most US shale producers are being conservative in their production and capital guidance, as priorities remain around protecting balance sheets and generating free cash flow, according to GlobalData.
Halliburton and VoltaGrid electric fracturing solution reduces emissions for Chesapeake Energy
The electric fracturing solution reduced emissions for Chesapeake in the Marcellus by 32% and applied over 25 megawatts of lower-carbon power generation by leveraging Chesapeake’s local field gas network.
Rystad Energy: US 'live’ DUC well inventory in June 2021 lowest since 2013
The number of ‘live’ drilled but uncompleted wells in the US’s major oil regions slumped to 2381 wells in June 2021, the lowest level since 2013, analysis by Rystad indicates.
GlobalData: higher investment needed for Bakken Shale to exhibit full recovery
According to GlobalData’s latest report, ‘Bakken Shale in the US, 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025’, Bakken Shale accounted for a mere 11% of oil and 2.8% of natural gas production in the US Lower 48 for 2020, which is a drop from 12% for crude oil and 3% for natural gas in 2019.
Vista and Trafigura to develop Vaca Muerta block
The two companies have agreed to develop 20 oil wells in the Bajada del Palo Oeste block, located in the Vaca Muerta shale play in Argentina.
Global Compression Services opens new facility to serve Marcellus shale market
The new facility is part of the company’s planned expansion into the northeast (Marcellus and Utica) market.
Allison Transmission launches hydraulic fracturing transmission
Based on current market demand, the FracTran will be launched with a rating of 3300 horsepower and 10 000 lb.-ft. of input torque.
GlobalData: growth of US shale industry will hinge on discipline of operators with their capital budgets
The majority of operators have stated that they are planning to operate within free cash flow to fund their future capital expenditures, which means that the next few years of oil and gas production growth in the US will hinge on the discipline of operators with their capital budgets, says GlobalData.