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As capital markets dry up and shale producers look for pathways to growth, oil and gas data analytics firm Enverus predicts the US sector will see a “surge” in mergers and acquisitions in 2020.
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The agreement comes 8 months after Saudi Aramco agreed to take a 25% ownership interest in the southeast Texas project. Phase 1 of the project is expected to produce 11 mtpa of LNG.
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The shale sector is seeking answers to a complex issue involving casing deformations that block access to long sections of a lateral. As opposed to frac hits, this rising problem is considered to be an intrawell phenomena.
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This section lists with regret SPE members who recently passed away.
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Merging new knowledge and technological capabilities among the disciplines—and beyond—will be crucial to sustaining the industry for the long term.
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Heavy production spiked in two Canadian wells heated by an electric cable, but it is hard to find customers there at a time when Canadian oil prices and customers remember cables in the past that died young.
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The formula for value in a shale play used to be simple, lease acreage in the best quality rock based on Tiers cover large areas. That standard is fading as it has become obvious that the rock is highly variable and the drilling and completion designs are just as important.
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With international spot trade of gas increasing and public pressure growing for cleaner fuels, the world's major gas producers believe the time is finally right to become a major force in global energy markets.
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In my first column of the new year, I want to discuss my focus area of Strengthening the Feedstock of Incoming Talent because I believe that our industry needs a change in direction in order to succeed with this ambitious goal.
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While traditional operating expenses in produced water management are heavily scrutinized, a full picture of profitability in water management is gained only after comprehensively examining the unique aspects of the overall business model.