shale oil

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US oil production is getting lighter and gas production is spreading as unconventional formations feed export growth.

The scheme by OPEC and non-OPEC producers to collectively curb oil production has brought stability to the global market—which, as a result, could soon be awash in “a second wave” of US shale output growth.

Big-data mining techniques can help determe the type-curves and the resulting estimated ultimate recovery of an asset being evaluated for acquisition.

This paper describes numerical-simulation results from a three-well pad in a stacked liquids-rich reservoir (containing gas condensates) to understand the interaction between wells and production behavior.

Two old school operators and a financial change agent embody a new era for the US onshore industry. Their CEOs convened at the NAPE Global Business Conference in Houston to explain why.

The industry has figured out how much opportunity lies in the Permian Basin’s Delaware subbasin, and the Delaware play is now dominating US unconventional oil activity, Citigroup’s Jeff Sieler told the SPE Gulf Coast Section reservoir group recently.

With the API and a multi-operator group passing separate programs aimed at reducing methane emissions, the discussions on what defines an acceptable level of regulation continues within the industry.

In recent years there has been a spike of research to determine what the extent of emissions are from fracked oil and gas wells. While much discussion has surrounded methane emissions, a greenhouse gas, less attention has been paid to air toxics.

Despite optimism in a shift from “lower for longer” oil prices, industry executives stressed the value of maintaining efficient operating practices.