Business/economics
The asset sale to an undisclosed buyer includes 360,000 net acres in Oklahoma.
Phase 1 of the lease agreements calls for 2D and 3D seismic over the blocks.
Evolution Well Services will deploy electric pressure pumping units for Northeast Natural Energy, which operates in the Marcellus Shale.
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Many companies too often focus solely on maximizing current production when they should really be focusing on maximizing profitability. A holistic, total asset modeling process is needed to reorient the focus of digital oilfield systems to focus on the net present value (NPV) of every project. -
More than 13,500 oil and gas professionals gathered at SPE’s Annual Technical Conference and Exhibition (ATCE) on 28–30 September in Houston, making it the second highest-attended ATCE.
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While some standardization makes sense, it is important for the industry to implement cost-effective supply chain practices to efficiently deliver customization when it improves efficiency and increases production.
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After offering incentives to international operators last year to drill in Argentina, the country still has more work to do in attracting foreign investment.
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Oil markets displayed their manic-depressive side in August, dropping to around USD 40/bbl early and jumping back to near USD 50/bbl at month’s end.
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The oil price cannot be USD 20 for any long period because we cannot produce enough oil to feed the world at that price. But if the price of oil is based on supply and demand, how could it fall to USD 20 at any point in time?
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This paper discusses ultradeep directional-resistivity (DDR) logging-while-drilling (LWD) measurements for high-angle and horizontal wells that have been applied recently with success on the Norwegian continental shelf (NCS).
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The objective of this paper is to develop and demonstrate an efficient work flow that will help stakeholders make better decisions in the area of completion planning.
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Low oil prices look like something the industry needs to get used to. “This will be with us for a while,” said Rex Tillerson
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The price declines for oil and natural gas are equally brutal, with roughly a 50% decline for both fuels.
