unconventional resources
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The agreement follows the discovery of 724 million BOE in unconventional oil and gas reserves in November. -
The asset sale to an undisclosed buyer includes 360,000 net acres in Oklahoma.
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Major increases in hydrocarbon production require both incremental and revolutionary technologies, industry leaders said during the SPE Hydraulic Fracturing Technology Conference.
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Big projects are expected to add oil and gas to the energy mix in some regions while maturing basins contribute to drops in other areas.
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Field results highlight how rethinking tubing-anchor-catcher design can reduce gas interference and support late-life production.
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The $100-billion project is widely considered the largest unconventional development outside of the US and is noted by Aramco as the largest nonassociated gas development in the kingdom.
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A new tubing-conveyed tool combines wellbore cleanout with multi-tracer deployment for production diagnostics and reservoir monitoring.
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The leaders of US oil and gas companies in Texas and neighboring states cite regulatory uncertainty, tariffs, and volatile prices as drags on activity.
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The SPE International Hydraulic Fracturing Technology Conference and Exhibition opens with calls to adapt technology while addressing regional realities.
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Nearly 90% of investment since 2019 has gone to replacing lost production, with $570 billion in spending projected for 2025.
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