Unconventional/complex reservoirs
Ranger acquires American Well Services for $90.5 million, adding 39 workover rigs and boosting its fleet by 25%.
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.
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This paper presents results from the analysis of the effect of in-fill drilling on parent-well performance, and describes a simplistic approach to understanding the effect of the quest for operational efficiencies and economic cycles on development strategies. -
In this study, detailed petrophysical and geological field models focusing on the middle and lower members of the Bakken Formation were developed.
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Approximately 5% of world annual gas production is being flared or vented. This is equivalent to approximately 110–140 billion m3 (Bcm) of gas, and equates to the combined gas consumption of Central and South America in 2013.
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For the past 2 decades, the use of DNA sequencing technology has largely been relegated to the domains of criminal forensics and the healthcare industry. One company is betting that the shale industry soon will join that list.
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One of the biggest ways to lower the cost of production from shale would be to identify zones that are productive, or not, before fracturing them.
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The importance of reducing emissions of methane, a short-lasting but powerful atmospheric greenhouse gas (GHG), received close attention from panelists at an IHS CERAWeek strategic dialogue, Tightening the Valves on Global Methane Emissions.
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When it comes to hydraulic fracturing, steadiness may not be a virtue. That was the conclusion of a test to see if rapid pump rate variations would lead to greater production than conventionally fractured stages when the pressure was held steady.
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With the world’s fifth-largest estimated shale gas reserves, there is great potential for Saudi Arabia to replicate North America’s unconventional growth.
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A strategic objective of Saudi Aramco is exploring and developing deep and unconventional gas reservoirs, many of which are considered extremely tight.
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Researchers at Yale University who analyzed groundwater wells in the Marcellus Shale area have determined that hydraulic fracturing is highly unlikely to be a direct source of contamination.
