Unconventional/complex reservoirs
The merger creates one of the largest oil-focused independents in the US with output of 526,000 BOE/D.
BPX Energy will retain operatorship of the assets after the sale of its interests to private investment firm Sixth Street is complete.
The aim of this study is to incorporate detailed geological, petrophysical, and hydraulic fracturing models to better predict and mitigate the effects of interbench interactions.
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In tectonically influenced regions, potential hydrocarbon traps are subject to complex states of stress. This scenario often translates into severe strike/slip (SS) and thrust-fault or reverse-fault (TF/RF) stress states. -
Its reward for years of struggling to adapt to low prices and weak demand for its oil and gas has been an epic crash. Canadians selling change say it is time to consider possibilities that seemed inconceivable in the past.
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Not everybody suffers when US oil producers slash production. Among the beneficiaries could be US gas producers who will benefit because less oil production will mean a lot less gas on the US market.
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Proper lateral and vertical well spacing is critical for efficient development of unconventional reservoirs. Much research has focused on lateral well spacing but little on vertical spacing, which is challenging for stacked-bench plays such as the Permian Basin.
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This paper discusses a prescriptive analytics framework to optimize completions in the Permian Basin.
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If design A yields the same 90-day production at 10% lower cost in a series of wells than design B wells, is design A the better one? Using pressure-based fracture measurements, the separability of variables between two completion designs can be evaluated.
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A downhole compressor solution based on advanced magnetic technologies completed its first field trials in an unconventional gas well. It resulted in a 62% increase in gas production and significant increase in liquid production compared to using a rod pump previously in the well
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A producer in the Marcellus Basin selected Edge Gathering Virtual Pipelines 2 to capture and liquefy gas from its stranded wells in Tioga County. Initial operation is underway and is set to be ongoing until at least 2022.
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The shale sector is seeking answers to a complex issue involving casing deformations that block access to long sections of a lateral. As opposed to frac hits, this rising problem is considered to be an intrawell phenomena.
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The formula for value in a shale play used to be simple, lease acreage in the best quality rock based on Tiers cover large areas. That standard is fading as it has become obvious that the rock is highly variable and the drilling and completion designs are just as important.
