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A new technique that analyzes scanning electron microscope (SEM) images of formation samples has been used to measure porosity and total organic carbon (TOC) in the Wolfcamp Shale of the Delaware Basin in west Texas.

Surplus production in the oil markets is likely to grow in 2017, and long-term oil prices will track with costs and not revert to the margin-inflated patterns of the shale boom.

The world’s developing countries will lead economic growth and consume an increasing share of energy production globally over the next quarter-century.

Iran’s national oil company is offering investment opportunities in 50 fields to global bidders, its first effort to do so since the 2015 pact with world powers that lifted nuclear-related sanctions against the country.

Drillpipe doesn’t last forever, but a ­Houston-area startup company says it has developed a way to make it last significantly longer.

The story of unconventional oil and gas technology development has been focused on fractures. The formula has been more stages, more sand, and more water, targeting the most productive spots.

A new diagnostic technology that exclusively uses surface pressure data to map hydraulic fracturing in unconventional reservoirs has helped an operator to improve well completion designs in its Oklahoma field activities. 

The US EPA’s 2016 New Source Performance Standards updated the 2012 standards by adding requirements for the industry to reduce greenhouse gas emissions, specifically methane. The 2016 NSPS also covers hydraulically fractured oil wells and production, processing, transmission and storage activities.

Layoffs have slowed, some companies posted profits in the third quarter, and there is even talk of a coming oil shortage that would cause oil prices to spike.

In a recent GE/Accenture report, surveys show that 81% of senior executives believe that big data analytics is one of the top three corporate priorities for the oil and gas industry through 2018. A striking finding was the sense of urgency felt about implementing data analytics solutions.