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HOUSTON (Bloomberg) -- Occidental Petroleum Corp. CEO Stephen Chazen said companies that help explorers find and drill for oil will lower their fees to maintain market share if crude prices continue to slump. Benchmark U.S. crude futures ha ...
NEW ORLEANS (Bloomberg) -- BP Plc’s bid for a new trial over causes of the 2010 Gulf of Mexico oil spill should be rejected because the judge didn’t rely on excluded testimony, Halliburton Co. said in court papers. BP’s own lawyers are resp ...
SAN FRANCISCO, California (Bloomberg) -- U.S. oil output is buffering global crude prices and critical to the world’s supply balance amid the threat of disruptions, even as a ban on domestic exports remains in place, Energy Secretary Ernest ...
Better cooperation between engineers and geoscientists, along with each side recognizing some basic drilling and geosteering principles, and their inherent trade-offs, and applying the right tools to the project, can help operator/service teams come closer to drilling the “perfect” well.
Production rising despite anti-drilling backlash
The success or failure of secondary recovery in low-permeability reservoirs depends on several factors.
Traditional marine seismic data lack the very low and the very high frequencies, as well as some of the middle frequencies, due to ghosting.
In assessing the value of the Permian basin and its wells in comparison with other shales, this play may not always have the highest IPs and EURs, but it beats the competition with respect to well cost and location.
Horizontal drilling and multi-stage hydraulic fracturing get credit for much of the success in producing from ultra-low-permeability shales.
This is the most comprehensive handbook in advanced drilling technology, guiding the petroleum engineer to mitigate risks, manage the reservoir effectively and recognize new opportunities.
This 2‐hour documentary is the most comprehensive video available about oil and gas drilling.
Federal regulations continue to grow
U.S.: 8.597 MMbpd (August 2014)
World: 90.43 MMbpd (August 2014)
Houston, TX - November 4-5
The Woodlands, TX - November 17-17
Houston, TX - November 18-18
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