unconventional resources

The chief upstream strategist of IHS Markit said in a recent presentation that oil exploration must improve its ability to deliver value and better communicate that value to the financial community. New ways of thinking about exploration opportunities are needed.

Producers in Oklahoma’s newly opened Merge play are sitting atop a resource that rivals some major world gas fields and discoveries, Citizen Energy’s Geology CEO Greg Augsburger told the SPE Gulf Coast Section Business Development Group recently.

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.

The Mexican government continues to update its environmental regulations as authorities prepare for the first exploration and production (E&P) auction to feature blocks with unconventional oil and natural gas resources.

PipeFractionalFlow, a spinoff startup from the University of Texas at Austin, uses new theories and equations to make modeling complex multiphase flow more affordable. A model recently developed offers operators an “independent and unbiased” way to validate the system and select candidate wells.

This well-established oilfield consultancy explains why 2020 might be a big year for the unconventional sector.

Senior Research Scientist and SPE Distinguished Lecturer Ian Walton uses a semianalytic shale gas production model to show that natural fractures, contrary to the intuitive beliefs of many, do not contribute significantly to production.

The effectiveness of delivering information about a new energy project to community stakeholders varies based on the method used; how a message is framed can affect individual opinions.

As interest in unconventional resources has grown in Europe, so have concerns about the potential environmental impacts of their development.

Drilling activity in US shale plays is slowing as operators encounter higher prices for labor, equipment, and services, and lower prices for the oil and gas produced.