Shale ///

Overcoming small organic barriers could reap larger oil recoveries in shale reservoirs

Nancy Luedke, Texas A&M University

Researchers at Texas A&M University have found that the presence of a fossilized organic substance called kerogen plays a vital role in how easily carbon dioxide can travel through shale reservoirs.

Apache takes $3B writedown as it quits West Texas shale project

Apache is officially calling it quits on a highly publicized but disappointing shale discovery in West Texas after vehemently defending the play’s prospects for about three years.

Chesapeake investors losing faith as debt options dwindle

Chesapeake Energy’s options for dealing with its towering debt load are shriveling as the natural gas driller seeks to auction off shale fields it needs to stay afloat.

Activist investor to stake $1B on changing shale operations

The energy-focused private equity firm Kimmeridge Energy Management is looking for a U.S. shale producer to target for an overhaul, saying the sector has become “uninvestable.”

ShaleTech: Marcellus-Utica shales

Jim Redden, Contributing Editor

Capital discipline reining in rigs, production

API highlights economic impacts of a fracing ban in new video

The American Petroleum Institute released a new video to coincide with Wednesday’s Democratic presidential debate that addresses what it says supporters of a fracing ban won’t discuss – its cost to America.

Texas regulator says stricter flaring rules would increase global CO₂ levels

Texas Railroad Commissioner Ryan Sitton recommends a new methodology for measuring gas flaring, saying that acting based on current measurements would only increase greenhouse gas emissions worldwide.

Halliburton rolls out real-time frac performance monitoring system

The SPIDRlive retriever combines quartz-based hardware and proprietary modeling software to capture high-resolution, high-accuracy and high-frequency data from the wellhead without running downhole equipment.

CGG, Fairfield team up on new Permian multi-client seismic program

The new wide-azimuth datasets will provide a better understanding of the structural complexity of the transition between the Central Basin Platform and surrounding basins to enhance industry drilling efforts.

Noble Energy targets U.S. onshore growth in 2020 capital budget

Noble Energy says it will take advantage of offshore cash flow to focus on drilling in the DJ and Delaware basins in the U.S.

Daily Brief podcast, Tuesday, February 11th

In today's episode, we look at what the coronavirus is doing to Chinese gas demand, and the rare steps China is taking in response; gas prices in the U.S. fall to a four-year low; and oil holds around $50 in spite of OPEC's inaction.

Energy Capital pauses pipeline deals on widening shale despair

Energy Capital Partners LLC is pausing new pipeline deals, according to people familiar with the matter, as the accelerating downturn in shale prompts investors to seek returns elsewhere.

GEODynamics introduces new firing solution for high speed frac completions

A complete firing solution using the latest technology in switch design and flexibility, integrated with one of the most advanced and intuitive shooting panel and surface testers on the market.

Increasing drilling efficiency with a bit that adjusts on the fly

When drilling in conglomerates, stick slip is a common problem that hinders ROP. A bit that can change its depth of cut based on downhole conditions reduces shock loads that can damage both the bit and the bottomhole assembly, while also increasing drilling efficiency.

Decarbonization of oil and gas is as much about perception as performance

In an industry that faces continuous scrutiny of its environmental policies, the need to be seen as a proactive leader in carbon reduction is as important, if not more so, than achieving climate-change targets.

U.S. crude oil and natural gas production increased in 2018, with 10% fewer wells

In 2018, while production was increasing, the total number of wells producing crude oil and natural gas in the United States fell to 982,000, down from a peak of 1,035,000 wells in 2014. This increase in production, despite the decline in the number of wells, reflects advances in technology and drilling techniques.

A tale of two oil giants, with two strategies that aren’t working

Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil and Chevron are taking increasingly diverging approaches as they try to weather the storm. The problem is, neither strategy is working right now.

Equinor and Shell partner on Vaca Muerta acreage buy

Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger in the Bandurria Sur onshore block in Argentina’s Neuquén province. The consideration for each partner for their 24.5% interest is USD 177.5 million.

Stalled billion-dollar shale gas pipeline gets backing from top U.S. regulator

PennEast had sought the support of the Federal Energy Regulatory Commission after a court decision prevented it from exercising eminent domain in New Jersey. Its developers -- which include Enbridge Inc. and Southern Co. -- argued the ruling overturned 80 years of industry practice.

Edge LNG to capture and liquefy Marcellus gas unreachable by pipeline

Edge LNG has been selected by a large producer to capture and liquefy gas from its stranded wells in Tioga County in the Marcellus basin. For the producer, this represents an opportunity to reap economic benefits on assets unreachable by pipeline.