Monthly Features
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Case studies from Devon Energy, ConocoPhillips, and others show how clever engineering and technology are being used to improve recovery and asset value.
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Novel lift systems, AI-driven automation, and real-time engineering models are helping operators extract more value from mature wells.
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This case study from ARC Resources and DarkVision outlines the use of acoustic imaging tools in two active fracturing programs in Canada to monitor well casing deformation.
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This case study from Tomax outlines the use of artificial intelligence to analyze high-fidelity data of the full drilling process.
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The creation of SPE’s Acid Stimulation Technical Section shines a light on the technique that improves injectivity and productivity. JPT talked with the chair of the new section about the importance of the technical area.
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The solvent-based technology involves a modular treatment process that uses a proprietary catalyst designed to safely and sustainably remove hydrogen sulfide (H₂S) from sour gas streams using either produced water or an alkaline water as the treating media.
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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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Cyber threats have expanded beyond data breaches and the theft of intellectual property. Drilling and production assets are at risk of being disrupted or destroyed due to vulnerable control systems.
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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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Plunging oil prices led to a drastic drop in drilling rigs working in most places in the world, with a notable exception. Baker Hughes’ widely watched weekly report on drilling rigs shows activity has remained steady in Saudi Arabia and the Middle East.
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Petroleum engineers have sophisticated, precise equations to help predict and control what flows out of wells. But when it comes to the number of trained engineers in the world, guesswork is required.
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Those who track drilling and fracturing equipment are apt to mention zombies. That is the living-dead machinery still counted as available to work, but more likely now to be used for spare parts or scrapped.
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During a protracted period of depressed prices in E&P, the customer focus for service companies and suppliers shifts to finding ways to reduce the cost of producing a barrel of oil.
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Pressure is growing this year for exploration and production (E&P) companies to “face the reality of a prolonged period of low prices,” said Alan Cunningham, technical director for Gaffney, Cline & Associates.
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The impact on workers from the global downturn is so large it is difficult to track. At the high end of the job loss estimates is John Graves, owner of Graves & Co., who estimated the number of jobs lost in the oil and gas industry at more than 250,000 at year end, and rising.
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Predictions of a 2016 recovery in the exploration and production (E&P) sector became increasingly rare after 2015 ended with a thud as oil prices sank below USD 40/bbl.
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