Fracturing/pressure pumping
This study aims to thoroughly assess the influence of various completions, fracturing stimulation, and intrinsic reservoir properties affecting the productivity of 10 major unconventional plays while uncovering insights and trends unique to each play
This paper investigates condensate-banking effects on well performance by conducting field-modeling studies on Delaware Basin deep Wolfcamp condensate producers using compositional simulation models with hydraulic fractures.
Modern completions often are equipped with downhole measurement devices that provide critical real-time data not only during the hydraulic fracturing treatment but also during the ensuing production phase.
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Schlumberger is getting rid of its struggling OneStim business unit 2 years after an acquisition that doubled its size. It will get 37% of the shares of Liberty Oilfield Services, which said it will be the second-largest player in that sector. -
ExxonMobil is reluctant to join other big oil companies writing down the value of their reserves. It could chop its reserves by 20%, but it has not made a final decision.
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The forces of low oil prices and new efficiency trends are converging to remake the US pressure-pumping business into one that can complete more wells with less horsepower than ever. However, that might also mean service provider margins remain low for much of this new decade.
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The investment group Wilks Brothers, now owners of Carbo Ceramics, has sought stakes in other OFS companies this year.
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Why stimulate horizontal wells one by one when they can be done two at a time? The largest pressure-pumping company in the business says it might even be possible to complete three wells at once.
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The contraction of the shale sector and its operations such as drilling and completions due to COVID-19 and the drop in oil price has sifted down to the frac sand suppliers.
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In an era where capital markets are hitting the brakes on funding the US shale sector, operators have increasingly pivoted from production growth to maximizing the rates of return via lower-cost wells.
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Carbon dioxide (CO2) waterless fracturing uses liquid CO2 to replace water as the fracturing fluid in reservoir stimulation. The continuity and reliability of the blender are key factors determining performance of the operation.
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New report offers guidelines for pressure pumpers of the future.
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As wells across the US shale sector are brought back onto production, they may want to do so strategically to learn about the connectivity of their wells. One challenge will be in selecting a model that delivers the most insight.
