Rystad Energy estimates U.S. annual oil production to peak at 9.7 MMbpd by September 2015, assuming WTI stays at $55/bbl on average for the year.
U.S. Interior Secretary Sally Jewell on has validated the 2008 sale of oil and gas leases in the Chukchi Sea, a decision that brings Royal Dutch Shell a step closer to winning approval of drilling in those remote Arctic waters.
CONSOL Energy and Halliburton have announced the deployment of the first frac spread that is fully compliant with EPA’s 2015 Tier 4F emissions standard for non-road, high-horsepower engines.
Caterpillar Oil & Gas has made an equity investment in GTUIT, a manufacturer of mobile gas treatment systems.
Four workers died, including one from Mexican oil services provider Cotemar SA, and 16 others were injured after a fire on an oil platform in the Gulf of Mexico, Petroleos Mexicanos said.
Through April, the National Oceanic & Atmospheric Administration will be flying above shale basins from North Dakota to Texas, collecting air samples to document if drilling is adding to ground-level ozone.
Part 1: In this first of two installments, the latest developments in well logging and formation evaluation are assessed. General developments include ongoing efforts to improve the accuracy of the logging depth measurement and wellbore position, improving standards for well-log deliverables, and multi-log correlation. New developments in LWD, openhole wireline, and sensor design and methodology are discussed in detail.
Coiled tubing (CT) drilling offers an economical alternative to conventional, jointed pipe drilling when accessing mature and low-yield fields. A 40% reduction in cost can be achieved by CT’s ability to drill continuously, mobilize faster, reduce rig time, and require fewer preparations.
A newly developed, ruggedized air-drilling system increased rig up time, reduced costs for mud and cuttings disposal, improved hole cleaning, and increased ROP.
Near-term uncertainties reign in low-cost play
Splinters in the windmills of Putin’s mind
The mainstreaming of MPD
Data courtesy of Baker Hughes.
Market data is delayed and provided by Barchart.
U.S.: 9.179 MMbpd (January 2015)Texas: 3.631 MMbpdLouisiana: 1.424 MMbpdNorth Dakota: 1.218 MMbpd
World: 92.20 MMbpd (January 2015)
OPEC: 36.85 MMbpdOECD: 23.33 MMbpdNon-OECD: 29.8 MMbpdProcessing Gains: 2.22 MMbpd
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Over the last two years, we’ve seen a marked increase in the number of gas divestments taking place in Canada’s oil and gas sector.
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