The era of the monster frac has arrived in North America, and Chesapeake Energy Corp. is singing its praises.
“Go long” typical game plan, as key players consolidate holdings
The estimated number of oil wells drilled and completed in the third quarter of 2016 remained relatively unchanged from the previous quarter at 2,285, the American Petroleum Institute (API) said.
New products and services
Subsea technology company Optime Subsea Services AS is set to merge with engineering house Telemark Technologies AS to fast track its cost-saving subsea installation solution to the global oil and gas market.
Packers Plus Energy Services developed a unique completion design that helped to significantly increase stage counts and pump rates to stimulate more pay zone over previous wells for an operator in British Columbia's Montney formation.
Reactive Downhole Tools, a supplier of lower completion systems, has completed an oil swellable packer installation in the Middle East for a major operator in Abu Dhabi. At 19,000 m, it’s the longest liner of this size deployed by all parties to date, and a world record for the liner type.
World Oil’s annual HPHT Drilling, Completions & Production Conference got underway this morning with keynote speaker Greg Kusinski, of Chevron ETC.
Endeavor Management has opened participation in its latest joint industry project (JIP)—Best Practices for Shale Completion Operations.
A study in the Eagle Ford shale assessed the challenges associated with cluster efficiency in horizontal plug-and-perf treatments, as well as the application and methodology of using a diverter. Production was analyzed to validate the diverter’s performance, and fiber-optic data provided subsurface insight to validate diversion effectiveness.
As the industry targets deeper formations in developing unconventional plays, completion system capabilities continue to reach new heights. The goal is to design HPHT technologies optimized for horizontal wells that increase initial production rates and cumulative production to maximize return on investment.
The U.S. Energy Information Administration’s (EIA) monthly Drilling Productivity Report (DPR), released Monday, now includes a supplement that provides monthly estimates of the number of DUCs in the seven key oil and natural gas producing regions covered by the report.
Maersk Drilling has been awarded a contract for the jack-up rig Mærsk Gallant with Maersk Oil.
Weatherford has won two large contracts with a supermajor operator for sand screens and for upper completions products, including gas-lift equipment, chemical-injection equipment, subsurface safety valves (SSVs) and downhole measurement tools.
Packers Plus Energy Services helped an operator stimulate a formation with an openhole multi-stage ball-drop system in Argentina's Loma La Lata field 30 times faster compared to a traditional plug-and-perf method.
D&L Oil Tools’ quality management system has been granted API’s Q1 Certification and their packers and bridge plug products now possess API 11D1 Monogram licenses
Lucas Energy, Inc., has announced that its wholly-owned subsidiary, CATI Operating, LLC, entered into an agreement with its senior lender, as evidenced by a promissory note, to borrow $1 million, effective August 15, 2016. The company plans to use the funds to participate in the drilling and completion of certain Eagle Ford wells.
Packers Plus Energy Services Inc. has announced that it has recently worked with operator Dubai Petroleum Establishment to install and successfully stimulate an offshore carbonate reservoir using an open hole multi-stage ball-drop system.
Liberty Oilfield Services, a privately held pressure pumping services company, has announced the release of its new Quiet Fleet.
Only the core survives mounting ROR pressure