Tips for Operating Unconventional Reservoirs
The world’s energy demand is steadily increasing to the point that it has now become difficult for conventional hydrocarbon reservoirs to meet demand levels. Therefore,...
Shale
Hydraulic Fracturing Market to Witness Steady Growth of 12 Percent
Increasing petroleum consumption and rapid infrastructure development will drive the hydraulic fracturing market. As per BP statistical review, global crude oil consumption was 93 million...
Bakken Shale Registers Drop in Drilling Activity Amid Substantial Decline in Oil Prices
The Bakken Shale play, the second largest oil producing region in the U.S. after the Permian Basin, has witnessed a considerable fall in drilling activity...
Unconventional Exploration and Production Technology
In previous sections, we introduced unconventional reservoirs, and determined that one of the main parameters that will define this type of reservoir is its permeability....
Virtual Training Technologies Will Be Used to Re-Train Furloughed COVID-19 Oil and Gas Industry Workers
The COVID-19 pandemic wiped out nearly 40 million jobs in total dating back to mid-February. It didn’t matter which industry, as millions of workers were...
The Effects of the Oil War on the US Shale Industry
In March 2020, talks broke down between OPEC leader Saudi Arabia and Russia, which is not a member of OPEC. The two oil-producing countries met...
Natural Gas Outlook Remains Bleak Through 2020 and Affects Major Gas-producing Shale Operators
Natural gas prices have struggled in early 2020, hitting record lows due to U.S. dry gas production being at a record high – which has...
Eagle Ford Natural Gas Production Benefiting from Crude Oil Price Crash
The oil price crash has forced Eagle Ford operators to re-evaluate their cash flows, cutting capital expenditure and rig count in 2020. By assessing the...
Permian Production Already a Victim of Oil Price War
Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their positions as a result of the...
Scoop-Stack Shale Play Drilling Activity Driven by Select Counties in Oklahoma
The Scoop and Stack shale plays of Oklahoma may not be as prolific as the Permian Basin or the Bakken shale play. However, acreages across...