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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The rapid growth in the development of unconventional shale resources has changed business-as-usual for onshore production equipment manufacturers and suppliers. -
Drilling, completing, and fracturing of unconventional-formation wells in North America have become commonplace for producing natural gas. It is less common to drill, complete, and fracture treat multiple lateral branches from a single main wellbore.
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A recent webinar discussed current technologies to enable reuse of produced water in gas and oil shale developments.
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Industry proponents and many leading academic institutions agree that natural gas is the safest, cleanest-burning bridge fuel. One risk in the development of this resource involves the inevitable leakage of methane.
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