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The authors present a novel data-driven tool for fast fracture identification in post-stack seismic data sets.

Seismic imaging provides vital tools for the exploration of potential hydrocarbon reserves and subsequent production-planning activities. The acquisition of high-resolution, regularly sampled seismic data may be hindered by physical or financial constraints.

Output fell below 12 million B/D and was down more than 300,000 B/D from an all-time high in April, according to data from the US Energy Information Administration.

The types of advancements made in real-time drilling data acquisition and processing are now on the doorstep of the North American completions sector. Technology developers are banding together under the umbrella of “coopetition” in a bid to change the way producers fracture tight reservoirs.

The $600-million deal sees NGL net around 580,000 B/D in disposal capacity and 680,000 B/D in transportation capacity via 19 saltwater disposal wells and a network of produced water pipelines. Hillstone also holds an aggregate of more than 110,000 acres in the Delaware Basin.

With its $4.5-billion acquisition of ExxonMobil’s remaining portfolio on the Norwegian Continental Shelf now official, Var Energi says it hopes to realize its ambitious growth plans.

ConocoPhillips has pulled out of the much-hyped Louisiana Austin Chalk play after the company’s test wells yielded a gusher of water. Meanwhile, an Australian operator flying under the radar continues to pursue the adjacent-but-even-more-challenging Tuscaloosa Marine Shale.

SBM Offshore began construction on the vessel following ExxonMobil’s sanction of the Liza Phase 2 development offshore Guyana in May. It is designed to produce 220,000 BOPD after it starts up in 2022.

The projects are intended to accelerate the development and commercialization of treatment technologies to reduce waste water that is being injected into disposal wells and increase water supplies for reuse.

Panelists at the opening general session of the SPE Annual Technical Conference and Exhibition acknowledged the industry’s daunting challenge of meeting global demand while reducing its carbon footprint.

Remote and integrated operations can make production safer and more efficient. Despite this, the industry has struggled to implement these clearly effective techniques.

The decision follows a previous $10-billion investment in LNG the country made in 2017. While that investment focused on outside energy supply sources, this one will be used to develop infrastructure in Southeast Asia and the Indian subcontinent.