Monthly Features
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Oil prices are high, but spending has not caught up—yet. Meanwhile, exploration strategies are changing around the world toward a lower-risk model, and the frenzied pace of US M&A has very much cooled off. -
This case study outlines a full-scale testing program focused on the behavior of thermal casing connections subjected to severe bending and low-cycle fatigue loading. -
With millions of wells having been drilled in the US since the beginning of the oil age, the land is pocked with old, unused wellbores. For most, repurposing is a pipe dream. Plugging is the best option. -
Disposal wells remain the lowest-cost solution for produced water, but concerns over seismicity and long-term sustainability are accelerating interest in alternatives. -
This case study from Malaysia’s Petronas outlines a comprehensive review of perforation-charge testing across various tubular and reservoir conditions to help improve production from complex downhole scenarios. -
As managed pressure drilling gains traction, its principles are influencing a wider range of well-construction activities.
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One of the biggest ways to lower the cost of production from shale would be to identify zones that are productive, or not, before fracturing them. -
Two places that illustrate the mounting challenges facing the shale business are the Bakken Shale in North Dakota, where the number of working rigs is one-third what it was a year ago, and the Fayetteville Shale in Arkansas, where there are no more working rigs.
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The importance of reducing emissions of methane, a short-lasting but powerful atmospheric greenhouse gas (GHG), received close attention from panelists at an IHS CERAWeek strategic dialogue, Tightening the Valves on Global Methane Emissions.
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The case for focusing on boosting recovery from older fields in a depressed drilling climate is compelling. At a breakfast session during IHS CERAWeek on squeezing more oil from brownfields in a low oil price environment, panelists discussed today’s improved field recovery capabilities.
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Holding little back, speakers at the annual IHS CERAWeek conference in February discussed how the industry has been shaped by the disruptive impact of North American shale production and predicted that many more months of financial pressure will spell the end for some companies.
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Russian oil production has remained on a growth path despite the plunge in oil prices because producers have built their business on producing oil for less than USD 30/bbl.
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What is observed when an unconventional well is fractured is often at odds with what was expected by those who planned the job.
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When it comes to hydraulic fracturing, steadiness may not be a virtue. That was the conclusion of a test to see if rapid pump rate variations would lead to greater production than conventionally fractured stages when the pressure was held steady.
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Understanding how much rock is being stimulated and propped is critical for unconventional producers. New imaging methods using electromagnetic energy or acoustic microemitters could represent a milestone in understanding what is left behind after fracturing.
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As oil companies struggle with the collapse in crude prices and industry upheaval, assessing the future of exploration and production (E&P) in specific countries requires a longer term vision of a market in which prices will have stabilized and rebounded to a level yet undetermined.
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