News
April 04, 2023
The Railroad Commission of Texas highlighted the agency’s extensive work and expertise in plugging orphaned oil and gas wells during a visit from U.S. Secretary of the Interior Deb Haaland in Houston last week.
Whitepaper
Seven factors that improve well delivery performance
April 03, 2023
Actenum
News
April 03, 2023
Even though drillers are flush with cash after record profits last year, U.S. producers are unlikely to accelerate oil growth enough to make up for OPEC+’s surprise cuts, analysts and executives said.
News
April 04, 2023
The results of WR-B01Za provide back-to-back drilling success, further validating the company’s subsurface model and reservoir understanding and confirming its ability to accurately place horizontal wells in areas of good productivity.
News
April 03, 2023
The agreement comes as U.S. shale output growth slows as drillers run out of top-tier acreage, stoking concern they won’t be able to fill the void created by OPEC production cuts and sanctions on Russian supply.
News
April 03, 2023
Ovintiv Inc. is nearing a deal to acquire oil and gas assets in the Midland Basin from private equity firm EnCap Investments, according to people with knowledge of the matter.
Article
March 2023
Oilfield mindset shifts to quality over quantity
Article
March 2023
CTD can be very cost-effective in developing mature fields. Through careful planning, the benefits of underbalanced drilling—and the increased production it delivers—can be achieved for less than the cost of sidetracking existing wells, using a conventional drilling rig.
Article
March 2023
Drilling contractors and operators have more options than ever before to reduce their diesel fuel costs, without sacrificing performance. Creating an integrated and fuel-flexible hybrid power solution offers sustainability benefits and stability that’s required in the oil field.
News
March 30, 2023
ClearVision is the world’s only integrated array video and phased array ultrasound scanning tool.
News
March 28, 2023
The purchase will add 600 drilling locations and 38,000 boe of production. The cash acquisition — which will be financed through Crescent Point’s existing credit facilities — immediately adds to key per-share cash flow metrics, the company said.
News
March 28, 2023
To maximize the potential of Kruh Block after several encouraging new oil discoveries made by IEC during 2021 and 2022, IEC is currently in the process of securing 30 square km of new three-dimensional seismic data at Kruh Block.
News
March 24, 2023
“We will get market share,” Prates, Chief Executive Officer of Petrobras, said in an interview in Rio de Janeiro. “We may be the last to produce oil in the world.”
Article
March 2023
As ML applications become easier to access and use, they are setting the stage for rapid scaling across the E&P industry to assist the human decision-making process. A new ML-based drilling system recommender illustrates how this scaling is improving drilling performance and reducing energy extraction costs.
News
March 22, 2023
The A2H well was drilled to a total depth (TD) of 3,883 meters, including a 1,275-meter horizontal section within the Amungee Member B Shale in the Beetaloo Sub-Basin, Northern Territory, Australia.
News
March 22, 2023
Crude would need to rise by about 15% to $80 a bbl, and gas would have to climb by more than a third to $3 per MMbtu for drilling and frack work to maintain its current pace, Quantum Energy Partners Chief Executive Officer Wil VanLoh said in an interview.
News
March 20, 2023
Abdul Ghani said his country, OPEC’s second largest producer, plans to boost crude oil production to between 5-6 MMbpd or more, while adhering to OPEC’s limits, without further explanation about the timings to do so.
News
March 20, 2023
The Mountain Capital-backed company is having discussions with some larger peers about a potential deal, said the people, who asked not to be identified because the talks are private.
News
March 17, 2023
Shale drillers have made a strategic shift in recent years from reckless spending and unchecked output growth to strict capital discipline. The new business model could help shield the industry from the fallout of a credit crunch.
News
March 17, 2023
Biweekly, a new well will be added to the test until all new wells are connected to the testing system. Each well will be completed with PCP pumps before being placed on the test.
News
March 16, 2023
The plugging work at the Houston orphaned well will ensure that no hydrocarbons can leak from the well and pollute groundwater in the area. There has been no evidence of prior pollution.
