Shale ///

Hunting introduces Perfecta rock charges

Engineered for superior perforating performance in stressed rock formations, the Perfecta rock charge delivers a high penetration depth in formation rock. Its use can improve well stimulation and productivity, and prolong the life span of conventional wells.

Oil price surges on signs of a tight global crude market

“There’s a sense that normalcy will occur and it’s looking more certain,” boosting the outlook for oil demand, said Michael Lynch, president of Strategic Energy & Economic Research. Meanwhile, “the Saudi production cuts start today, and people are focused on falling inventories and how the market is tightening.”

Biden’s anti-oil crusade can make climate change worse

America is the world’s biggest consumer of crude oil, and any restrictions of domestic production will mean more will have to be shipped in from other countries with less stringent humanitarian and environmental laws.

Texas Alliance’s Petro Index shows deep trough in state’s oil and gas economy during 2020

“The Texas upstream oil and gas economy was already in a state of decline before Covid-19,” said Alliance Executive V.P. and Petroleum Economist Karr Ingham, in exclusive comments to World Oil, adding that the demand contraction in the U.S. and globally was easily the sharpest demand drop in the shortest amount of time on record.

Chevron logs Q4 loss on Noble Energy charges, weak fuel demand

In a harbinger for the rest of the oil industry, Chevron’s results evince the challenges facing energy producers battered by 2020’s pandemic-driven collapse in demand and prices.

API chief calls oil leasing ‘a lifeline to local economies’ at USEA Forum

“We are rooting for President Biden to lead America out of crisis,” API President and CEO Mike Sommers said. “As he works toward that important goal, he faces clear choices. Energy abundance or foreign dependence. American jobs or overseas jobs. Economic revival or small-town decline. Progress or retreat. Thus far, President Biden is on the wrong side of a number of these consequential choices.”

Oil markets keep a wary eye on shale producers’ pledge for restraint

How the fragmented U.S. shale industry will respond to increased incentives to drill has become a crucial question for traders and industry watchers across the world.

Biden’s oil and gas ban immediately challenged in Federal court

Western Energy Alliance, which says it represents 200 oil and natural gas companies, said the administration’s suspension of leases is “unsupported and unnecessary,” and an overreach by the U.S. Bureau of Land Management, according to a petition filed Wednesday in Wyoming federal court.

Biden pauses onshore and offshore drilling leases, orders subsidy reviews

President Joe Biden took executive action on Wednesday to block new leases for oil drilling on federal lands and waters for one year and ordered a review of fossil-fuel subsidies and other measures to overhaul how the U.S. produces energy.

BP pushes Texas to ban gas flaring, then files 121 requests to flare Texas gas

After pushing Texas energy regulators to end the practice of natural gas flaring for environmental reasons, BP filed 121 flaring requests that test the limits of the rules and call into question the company’s pledge to reduce carbon emissions.

EDF claims more regulation can cut Permian basin flaring

As much as 40% of the natural gas that’s expected to be flared in the Permian Basin in 2025 could be avoided at no cost to drillers if regulators abandoned their hands-off approach to the controversial practice, according to a report.

What the consolidation in fracing means to its future

Brett Chell, Cold Bore Technology

How the recent consolidation of operators in the fracing sector will lead to a digital revolution.

Scientifically engineered stainless steel increases ROI in difficult fracing applications

Benjamin Ritchey, Finkl Steel

An innovative stainless material achieves a lower total cost of ownership and extended service life, compared to other stainless offerings, improving ROI and profitability of fracing operations.

Biden’s plan to cut U.S. oil production becomes clearer

On his first day in office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline and suspended new drilling permits over the next 60 days. This week, Biden will go even further: suspending the sale of oil and gas leases on federal land, where the U.S. gets 10% of its supplies.

ESG momentum and financial motivators combine to stimulate greener frac operations

Don Rush, NexTier Oilfield Solutions

As world sentiment regarding fossil fuel usage shifts, ESG requirements and expectations are evolving quickly. Focused on moving to natural-gas-driven field equipment, forward-thinking manufacturers and service companies work to enhance alignment with investors, customers and the community at large.

Shaletech: Improving unconventional reservoir performance with geoscience-based development strategies

Robert Laronga, Laurent Mosse, Edgar Velez, Elia Haddad, Jorge Gonzalez Iglesias, Schlumberger

As efficiencies plateau in North American shale basins, operators require new strategies to lower costs/bbl that go beyond drilling and completion. New technology and workflows can help operators shorten the learning curve to maximize unconventional reservoir performance, early in the project life cycle.

Fracturing and the environment

Dr. Ali Daneshy, Daneshy Consultants Int’l.

One of the industry’s premier experts says hydraulic fracturing actually reduces the environmental impact of oil and gas production by increasing the productivity of each well.

Financial regulator questions value of U.S. shale reserves

The top U.S. financial regulator’s reported investigation into how Exxon Mobil values shale assets follows years of concerns about the industry’s rosy projections, which have left hundreds of billions of dollars of investor losses and writedowns.

Halliburton switches to grid electricity for Permian frac jobs

The world’s biggest fracking services provider, Halliburton has deployed the industry’s first grid-powered fracking operation on behalf of Cimarex Energy Co. To date, it’s completed almost 340 stages across multiple wells.

UAE warns U.S. shale producers against flooding market with oil

With demand still fragile, shale companies “are wise not to jump the gun and overproduce during the recovery year,” UAE Energy Minister Suhail Al Mazrouei said in an interview, adding they “need to be careful not to flood the market.”