But ballooning reserves resulting from shale development may soon make gas the electrical feedstock of choice and change the US to an LNG exporter.
Capex outside North America is indicated to rise 12%, led by supermajors rather than the state-owned companies that have dominated in the past.
Outlook 2011: US Drilling
Leaders of the incoming Republican House majority take aim at the Obama administration’s planned oil and gas regulations.
There’s a recovery in Canada, but driven by oil prices as the hoped-for recovery in gas prices never occurred.
Outlook 2011: U.S. Production
Outlook 2011: U.S. Rotary Rigs
Outlook 2011: Producing Gas Wells
Outlook 2011: Producing Oil Wells
Facing tough economic conditions and an unexpected US gas surplus, operators have redirected supplies and reconfigured facilities to exploit new opportunities.
In highly fractured reservoirs onshore and offshore Mexico, the ability to effectively stop water coning at temperatures exceeding 250°C greatly extended the life of producing wells.
Complex geology requires Woodford Shale operators to apply traditional methods to explore for and produce shale oil, gas and condensates.
Integrating LWD technology for post-drilling assessment enhanced horizontal well planning, placement and completion.