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Artificial lift

New Anchor Extends Insertable Progressing-Cavity-Pump Applications

In artificial-lift applications, a new anchoring device for insertable progressing-cavity pumps (I-PCPs) extends I-PCP applications to a larger set of candidate wells.

June 30, 2014 • Journal of Petroleum Technology
Business/economics

Williston Basin Reserves May Top 21 Billion Barrels, Peak Production in 6 to 7 Years

More than 21 billion bbl of light, sweet crude oil will be extracted over the lifetime of the Bakken and Three Forks shale plays, according to the latest projections from energy consultancy group Wood Mackenzie.

June 30, 2014 • Trent Jacobs • Journal of Petroleum Technology
Supply/Demand Trends

Global oil production, consumption, and prices have remained largely stable in recent years, but several trends in the world supply/demand balance are evident in BP’s Statistical Review of World Energy 2014.

June 30, 2014 • John Donnelly • Journal of Petroleum Technology
Liner-Based Stimulation Technology Without Fracturing Proven in Field

Efficient production in many fields requires reservoir stimulation. Some of the challenges with hydraulic fracture stimulation are reservoir-related, such as consistently stimulating all targeted intervals.

June 30, 2014 • Thomas Jorgensen • Journal of Petroleum Technology
Collaboration

One of the personal objectives I took as president was to increase the extent in which SPE collaborates with other professional societies and other industries.

June 30, 2014 • Jeff Spath • Journal of Petroleum Technology
Reservoir simulation

A Critical View of the Current State of Reservoir Modeling of Shale Assets

This article reviews methods used to understand the complexities associated with production from shale.

June 30, 2014 • Journal of Petroleum Technology
Reservoir simulation

Technique Uses Multilateral, Multisegment Wells To Represent Hydraulic Fractures

This paper describes a modeling technique by which hydraulic fractures are represented as part of the well model rather than as any form of refinement in the simulation grid.

June 30, 2014 • Journal of Petroleum Technology
Reservoir simulation

Factors Critical to Multiwell Reservoir Simulation of Liquids-Rich Shale Plays

Multiwell modeling of shale plays is not performed frequently. In projects in which a main objective is well spacing or completion optimization, a comprehensive multiwell reservoir-simulation study is required.

June 30, 2014 • Journal of Petroleum Technology
Reservoir simulation

Molecular Simulation Helps Determine Key Shale-Gas Parameters

Shale gas is fast becoming a source of energy of paramount significance for the coming years. Although commercial production has been achieved in numerous plays throughout the world, the actual physics involved is poorly understood.

June 30, 2014 • Journal of Petroleum Technology
Saudi Aramco Progresses on Shale, Confirms Red Sea Find

Saudi Aramco has made significant progress developing its shale gas reserves and will begin using shale gas for domestic industrial projects, the company said in its 2013 annual review.

June 30, 2014 • Abdelghani Henni • Journal of Petroleum Technology

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