Drilling ///

New system builds on proven technology for reservoir management to smaller platforms and satellite wells

Jon Musselman

A new slickline-deployed, memory-based, cased-hole evaluation system delivers the same quality data used to identify bypassed reserves as conventional wireline but without the higher costs and logistical burdens.

ShaleTech: Permian Shales: $100 oil, European tensions test basin-side discipline

Jim Redden

Scott Sheffield has a forewarning for the acreage-restricted private operators helping drive record production in the Permian basin: your annual double-digit growth rates are unsustainable.

Oil’s hired hands see outlook brighten as war fractures markets

Halliburton, which controls more fracing capacity than any other company, predicted North American explorers will boost spending by 35% this year, up from a pre-war forecast of 25%.

Schlumberger says Russia isolation spurs drilling elsewhere

The world’s biggest oilfield-services provider said its suspension of future investment in Russia, a market that has represented about 5% of its total sales, means it can shift its own spending to other parts of the world.

Methane leaks from small oil wells spur call for stiffer U.S. regulation

Environmentalists are calling on the Biden administration to crack down on methane leaks from low-producing U.S. oil wells, after new research shows they are releasing a disproportionate share of the potent greenhouse gas.

AADE fluids conference opens with financial keynote and rig count forecast

Spears & Associates Managing Director Richard Spears’ talk, titled, How extreme financial discipline impacts drilling activity in 2022 and 2023, outlined what has caused oil companies to display uncharacteristic financial restraint, despite surging oil prices.

Halliburton raises North American oil-industry spending outlook

Halliburton Co. said North American oil and natural gas drillers will lift spending by 35% this year, an increase from the biggest fracer’s pre-Russian war forecast.

Permian explorers drill deep into fraclog, leaving shelves bare

Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade.

Petro-Victory Energy acquires 19 Brazilian oil blocks, doubling company’s total acreage

Petro-Victory Energy Corp. secured 19 new oil and gas blocks in the company's core operating area, the Potiguar Basin onshore Brazil, the company announced.

Iraq may make decision on Halliburton gas deal in May

Iraq’s cabinet may reactivate a deal with Halliburton Co. to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.

Biden resumes new oil and gas drilling on public land, offering less land and higher fees

Biden’s administration is dramatically curtailing U.S. public land available for new oil and gas development as it seeks to impose more environmental protections and financial limitations on the activity.

Three-dimensional mapping improves reservoir understanding with volumetric and 3D insights

Haifeng Wang, Jean Michel Denichou, Mauro Viandante

To achieve more sustainable drilling, operators should drill fewer, more accurate wells. This becomes increasingly challenging, as operators encounter more complex reservoirs. A new 3D reservoir mapping service helps operators improve geosteering in such environments, reducing the need for more wells while optimizing production.

Record Permian well permits point to growing U.S. oil supply

Drilling permits for new wells have spiked to unprecedented levels in the Permian Basin, signaling crude oil suppliers in America are finally responding to higher prices.

U.S. crude output will rise at slower-than-expected pace, EIA says

U.S. crude output will grow at a more diminished pace than previously expected as shale producers grapple with higher production and labor costs amid rampant inflation.

Texas shale oil fields face worst fire risk in almost a decade

Some of the worst fire conditions in a decade are going to sweep across Texas and the southern Great Plains, threatening key shale-oil fields, slaughterhouses and farms.

Drilling operations start on Cambozola exploration well in Norway

Longboat Energy, an emerging full-cycle North Sea E&P company, announced the commencement of drilling operations on the Cambozola exploration well in Norway.

More drilling permits needed to ease gas prices, oil companies tell Congress

Executives at some of the world’s biggest oil companies will tell a U.S. congressional hearing on high gasoline prices that they need the government’s help in securing more drilling permits to help lower consumers’ costs.

Scarce steel a reason for flat U.S. output, oil drillers say

To drill more wells, they need steel tubes to line the inside of the holes and get the crude out. Those pipes have become more expensive and scarce.

Maersk Drilling secures $100 million contract for offshore drilling services with Shell

Maersk Drilling has been awarded contracts with Shell for the provision of the 7th generation drillship Maersk Voyager for drilling services offshore multiple countries.

Gas drillers in Canada face shift in Trudeau’s climate plan

Canada’s natural gas producers will face the greatest burden among energy companies under Prime Minister Justin Trudeau’s new emissions-reduction plan, just as the industry faces renewed pressure to increase output.

Santos dispute with ConocoPhillips snags Alaska oil project, stake sale

Australia's Santos Ltd. is locked in a dispute with ConocoPhillips over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both companies to the U.S. state's government.

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