Onshore
News
March 28, 2024
The well started at a production rate of 4 MMcfd for 6 hours at a choke 21/128”. The rate was subsequently increased to 6 MMcfd and 8 MMcfpd for 6 hours and 24 hours, respectively. The well was tested at a rate of up to 10 MMcfpd at choke of 30/128” and is now producing into the Jobo gas treatment plant.
News
March 28, 2024
Chesapeake Energy Corp. plans to put 80 new natural gas wells into suspended animation by the end of this year with an eye to turning them on when prices for power-plant and heating fuel rebound from the lowest prices in years.
News
March 27, 2024
Drillers in the Permian basin told the survey they could profitably bore new wells with a crude price of $65 a bbl, well below the $83 actual price during the period in which opinions were gathered. The snag, however, is concern that the Biden administration may impose costly regulatory changes that would gut future profitability, survey respondents said.
News
March 26, 2024
The SS-1H well in EP117 achieved an average 60-day initial production (IP60) flow rate of 3 MMcfd over the 1,644-foot (501 m), 10 stage stimulated length within the Amungee Member B-Shale, normalized to 6 MMcfd over 3,281-ft (1,000 m).
Article
March 2024
A new workflow generates probabilistic history-matches and production forecasts for any decline-curve model while incorporating variable BHP conditions. It provides fast history matches and forecasts of shale gas wells more accurately than traditional DCA while quantifying model uncertainty. The primary value added is an innovative method for probabilistic variable-pressure DCA.
News
March 22, 2024
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in the recently completed Mukuyu-2 / ST1 drilling campaign and the compositional analysis from fast-tracked downhole reservoir fluid samples, the analysis of additional downhole fluid samples has confirmed a rich gas-condensate discovery in Mukuyu and presence of light oil.
News
March 21, 2024
During the discussion and following press conference, Gov. Dunleavy made it clear that Alaskan resources are “extraordinary” due to the state’s unique location and history. Alaska’s proven reserves include over 100 Tcf of natural gas and billions of barrels of oil.
News
March 19, 2024
Lance predicted that first production from its Willow development will occur in “four more winters.” The CEO applauded the project as an important boost for Alaska’s economy, creating many jobs and enhancing the U.S.’ energy security.
News
March 15, 2024
The number of U.S. rigs drilling for oil rose by six to 510, the biggest mark since Sept. 15, according to data released by Baker Hughes Co. on Friday. After months of relatively low growth, shale operators have now added more than a dozen rigs since mid-February.
News
March 15, 2024
Rig 257 is a Flex 3 1,500HP drilling rig fully capable of drilling the planned well and managing the high reservoir pressures expected to be encountered.
News
March 14, 2024
The new natural gas field, with an annual production rate of 2 Bcm of natural gas and 130,000 tons of sulfur, is set to provide more clean energy for Southwestern China and the regions along the Sichuan-East pipeline.
News
March 14, 2024
Advanced AI is gaining a foothold in the oil field as drillers and producers are relentlessly focused on improving efficiency. While the technology is being tested around the globe, the U.S. is perhaps the most important spot to watch.
News
March 14, 2024
The expansion of the Tengizchevroil venture, known as the Future Growth Project, has delayed its full startup into the second quarter of next year. The project has gone well beyond its initial budget of $37 billion and the completion date had already been rescheduled twice from the original plan of mid-2022.
News
March 13, 2024
Axis' EPIC RIG provides improvements in safety and efficiency, as well as the ability to run on grid power for reduced emissions and increased fuel flexibility.
News
March 13, 2024
Condensate gas ratios (CGR) are estimated between 14-22 barrels per million standard cubic foot (bbls/MMcfg) of gas from the Mukuyu-2 samples with a condensate API gravity of 50-60.
News
March 08, 2024
Located near Yoloten (Mary Province, Turkmenistan), the facilities Petrofac will now support have an equal capacity of 10 Bcm, which delivers 20 Bcm to the export pipeline. The gas field ensures revenue for Turkmenistan’s economy, as well as domestic energy supply.
News
March 07, 2024
YPF will add three more drilling rigs in the Vaca Muerta this year as it narrows its focus on the shale patch in a bid to spur a 24% year-on-year jump in shale oil production, Marin said. YPF’s shale oil output last year was almost 100,000 bpd.
News
March 07, 2024
The new company will be well positioned to grow into the largest pure-play P&A company in the nation, with the ability to offer customers a one-stop-shop for P&A, well site remediation/reclamation and eventually methane emissions quantification, reduction, and monetization via “carbon credits.”
News
March 07, 2024
The flow is expected to increase the overall production at Chevron’s three jointly run ventures with the state oil company Petroleos de Venezuela SA by 35% to 250,000 bpd by 2025, leading to more supply shipped to the US.
News
March 04, 2024
EQT will curtail about 30 to 40 Bcf of net natural gas production through March in response to low prices, it said in a statement Monday. That’s 5% to 7% of the company’s quarterly output, based on fourth-quarter results. Total U.S. natural gas production is about 100 Bcfd, down slightly from a record earlier this year.
News
March 04, 2024
Following the two gas discoveries from the Upper and Lower Angwa reservoirs in recently completed Mukuyu-2 / ST1 drilling campaign, preliminary compositional analysis from fast-tracked downhole reservoir fluid samples has confirmed a rich gas-condensate discovery in Mukuyu.
