Unconventional/complex reservoirs
Viper Energy is acquiring Sitio Royalties Corp. and its more than 25,000 net acres of royalty interests across major US shale plays.
Extensive acreage overlap and existing operational collaboration drove the acquisition decision.
In the wake of the falling number of exploratory wells in the country, Brazil-owned Petrobras addressed audience concerns as well as outlined new avenues for production at the Offshore Technology Conference.
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Natural gas delivered as LNG to growing economies in Asia has a strong role to play in achieving net zero in carbon emissions, and most of that gas will come from unconventional resources.
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The newly formed SPE Hydraulic Fracturing Technical Section is working on a project to identify a set of best practices for completions engineers. Once completed, they will be accessible to the entire SPE technical community.
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Mixing dry polymer powder and water to make friction reducer as needed during fracturing can cut the cost of the additive and the testing of whether a drastically simplified recipe performs as well as more-complex mixes.
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This paper presents an integrated work flow to model mechanical properties at sufficiently high resolution to honor accurately rock fabric and its effects on height and complexity and, thus, production.
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The US producer also closed its acquisition of assets in the Permian through a deal with Primexx.
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The gas-focused producer said it will turn its attention to drilling programs on its Haynesville acreage.
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This paper describes a technology with the capability to map and detect lithology changes ahead of the bit in real time.
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Friction reducers play multiple critical roles in fracturing. A challenge in selecting the best one for the job is the growing evidence that performance varies, but objective performance measurements are lacking.
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The paper describes an integrated work flow to apply autonomous inflow-control devices successfully in an offshore heavy-oil reservoir with significant uncertainty in remaining oil thickness and water/oil contacts.