At stake are greenhouse gas regulation, billions of dollars worth of tax incentives, and the development or abandonment of offshore resources.
While the offshore drilling sector remains in chaos in the political aftermath of the Macondo well blowout, it appears that US drilling on the whole is recovering nicely from the lows of 2009, due to the rebound of oil prices and continued success in the burgeoning shale plays.
The big question is: How many deepwater rigs will be left once drilling restarts?
Trends in the increasingly bifurcated rig sector include the rebound of oil-directed activity relative to gas, more horizontal drilling and stacking of smaller rigs.
Part 1 of 3: Misalignment of well objectives can complicate mitigation efforts and induce drilling hazards by limiting the ability to apply adequate hydraulic horsepower and to manage ECD.
In the late 1960s, steamflooding boosted output sevenfold at California’s Kern River Field. Today, reservoir surveillance, 3D reservoir modeling and horizontal drilling are extending the heavy oil field’s economic life for years to come.
Placing a gravel pack through existing completion tubing helped put a shut-in well back onstream after four years.
Operators are sustaining gas production and exploring the oil window as EPA conducts a hearing on fracturing and permitting becomes more difficult.
The new cutter technology brought the advantages of PDC drilling to applications in abrasive formations that had previously required roller-cone bits.
A Powell Barnett Shale Newsletter database of the 8,158 horizontal wells with production was evaluated using the lateral length of each well.
Successful operators are responding to the market by adopting a more strategic view of the role of their supply management organizations and implementing advanced contracting strategies to manage costs and secure supply.