Hydraulic fracturing news
US leads the top ten countries by crude reserves, says GlobalData
Unconventional oil reserves across the top ten countries stand at 9.2% (45.8 billion barrels), oil sands reserves stand at 6.7% (33.3 billion barrels), and heavy oil represents 4.5% (22.2 billion barrels) of all remaining reserves.
Reveal Energy Services delivers first near real time DiverterSCAN technology results
Reveal Energy Services has announced that it has produced and delivered the first near real-time DiverterSCAN technology results, which allowed an operator to identify a diversion design that enhances hydraulic fracturing fluid distribution.
China Energy to invest US$83 billion in West Virginia shale gas and chemical manufacturing projects
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.
Shale Support partners with Tidewater Logistics for increased access to Marcellus/Utica shale
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.
BNK Petroleum commences Brock 9-2H well fracture stimulation
The fracture stimulation is anticipated to take approximately two weeks, after which the equipment will be removed and the flowback will commence.
Shale producers drop rigs and add hedges
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.
"We’re 55 million years too late for hydraulic fracturing to work in the UK"
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.
Unimin announces development of West Texas sand plant
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.
Westwood Insight: is history repeating in the US pressure pumping market?
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.
Douglas-Westwood: Why the shortage of frack sand in Lower 48 Shale?
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.