decline rates

Lower operating expenditures and a changing asset mix helped UKCS operators cut average production costs by 9% year over year, despite relatively flat production levels, according to the NSTA.

Industry experts at URTeC assessed more than a decade of unconventional growth while discussing where productivity gains will come from next.

This article from the SPE Integrated Reservoir Management Technical Section (IRMTS) addresses decision timing across the reservoir cycle.

The company's CEO says Europe’s third-largest oil field is entering a natural decline phase.

Technology developers expect the tight-oil industry to give lightweight proppants another look after the Permian Basin’s biggest operator becomes an adopter.

A collaboration between a large independent and a technology developer used low-cost interventions to optimize production from unconventional wells.

Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025.

A new report says that production growth in the world’s most prolific unconventional basin is on the verge of stalling out.

Most of ConocoPhillips’ oil and gas production by the end of the next decade will come from its unconventional operations. But, for the near-term, the Houston independent will rely on conventional assets as it seeks to keep spending in check, decline rates low, and cash flow on the rise.

The two biggest oilfield services providers are enjoying a rebound in international activity but continue to struggle with a softening US shale completions market. While takeaway constraints will be temporary, steep shale production declines may emerge as a longer-term challenge.