Unconventional/complex reservoirs
Casing deformation has emerged as a major challenge in China’s unconventional oil and gas fields, prompting the development of new solutions to address the issue.
The US supermajor is using one of its lowest-value hydrocarbon products to generate double-digit production increases in its most prolific US asset.
The transaction adds 267,000 net acres and nearly 140,000 BOE/D from Vital Energy, lifting Crescent into the top 10 largest US independents.
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When fracturing, simply shooting all the perforations at the same spot in the casing can offer increased production at a low cost. -
The all-stock transaction is expected to bolster the newly created operator's production profile to around 160,000 BOE/D.
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Oil isn’t going away, but that misses the fact that a demand plateau will structurally change the industry for people and companies in the most geologically mature areas, especially the United States.
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A lot has been learned about shale, but those working to eke out oil from that ultratight rock still extract more value from data than physics.
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Physics-based simulations plus machine-learning exercises are yielding a more comprehensive look at production volumes from unconventional assets.
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Shale producers have learned in recent years that their fracture plugs may not be holding up as well as they thought. One of the first operators to realize the true scope of the issue is now sharing the pathway it took to solving it.
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Success at the Fuling gas field in southwestern China will play a major role in the country's energy agenda.
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The acquisition adds 2 or 3 years to Enerplus Corporation's development inventory, it said of the cash deal that follows its purchase of Bruin E&P earlier this year.
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A look behind-the-scenes reveals what it takes to protect innovative ideas in the fast-moving US shale sector—key lessons learned, pitfalls to avoid, and how to do it the right way, as told by two of the operator's intellectual property (IP) protection leaders.
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The supermajor would be the second to conduct a hydraulic fracturing pilot project in the country.
