Testing page for app

The scheme by OPEC and non-OPEC producers to collectively curb oil production has brought stability to the global market—which, as a result, could soon be awash in “a second wave” of US shale output growth.

Although the oil and gas industry can be full of surprises, its executives tend to rally around a consensus point of view on where the market and industry are headed.

As the SPE 2018 President, I set a goal to revisit the SPE strategic plan, which was last updated in 2013.

Falling costs and breakeven prices, increased operational efficiencies, and favorable government policy are at the heart of a potential short-term boon in Gulf of Mexico production.

Colorado’s industry lacks the size, variety, and Wild West characteristics of Texas, but that is precisely why the Centennial State’s oil production is surging to record levels.

A new holistic approach to optimizing wellbore economics is bridging the gap between planning and execution and bringing well construction into the digital era to improve data use, enhance collaboration, boost efficiency, and increase safety.

The goal of cognitive computing is not to eliminate humans but allow highly skilled professionals to spend time doing what’s most valuable for the company.

An ensemble-based 4D-seismic history-matching case is presented in the complete paper. Seismic data are reparameterized as distance to a 4D anomaly front and assimilated with production data.

In the complete paper, the authors propose a novel method to rapidly update the prediction S-curves given early production data without performing additional simulations or model updates after the data come in.

The aim of this work is to present the effectiveness of a fully integrated approach for ensemble-based history matching on a complex real-field application.