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This paper investigates the most important independent variables, including petrophysics and completion parameters, to estimate ultimate recovery with a machine-learning algorithm. A novel machine-learning model based on random forest regression is introduced to predict estimated ultimate recovery.

The Australian operator's A-6 offshore development, Myanmar's first ultradeepwater project, will supply gas to the country's domestic market, with some gas from Phase 1 also moving via pipeline to Thailand.

As completions activity slows down in the US, the second service company in a week’s time has said it is exiting the business of hydraulic fracturing.

Three appraisal wells drilled this year—GTA-1, Yakaar-2, and Orca-1—targeted nine hydrocarbon-bearing zones, encountering gas in high-quality reservoirs in all zones and yielding a combined 160 m of net pay.

As this year comes to a close, it has been defined by some big themes in oil and gas data management: innovation, collaboration, governance, stuck proofs of concept, trendy tech, and oil shaming.

The latest move to consolidate the US shale sector will add 1,500 drilling locations to the buyer's portfolio. It also reflects that all-stock or mostly-stock deals are now the sector’s preferred acquisition vehicle.

The company said it will avoid the pumping business's “structurally disadvantaged position” and instead focus on well servicing and water logistics.

The company also secured $2.6 billion in exit financing facilities, including a $450-million revolving credit facility, as well as a $195-million letter of credit facility and more than $900 million of liquidity.

What is explainability in artificial intelligence, and how can we leverage different techniques to open the black box of AI and peek inside? This practical guide offers a review and critique of the various techniques of interpretability.

Lower oil prices and capital discipline are expected to result in a double-digit drop in shale and tight oil spending, while deepwater momentum is seen continuing. This comes as “massive investments” will be needed in the next decade to meet growing oil demand.