US Oil Production Will Now Grow at Half The Rate
In the new year, US oil production will grow at half the rate it did last year. This forecast was announced by EOG Resources. U.S. oil production rose 900,000 barrels per day in 2023, EOG President Billy Helms said in a presentation to investors. “Given the high volume of production …
The US Department of Energy Predicted an Increase in Oil Production in the Country in June
Oil production in the main oil and gas producing regions of the United States, in which a significant part of the production is shale oil, will rise in June compared to the current month by 41 thousand barrels per day, or 0.4%, to 9.332 million barrels, the Energy Information Administration …
Rystad Energy: Oil at $100 Could Trigger an Additional 2.2 Million bpd of US Tight Oil Output by 2023
Up to 2.2 million barrels per day (bpd) of US tight oil could be unleashed in the event of a supercycle – with oil prices remaining around or above $100 per barrel – driven by growing demand and continued supply tightness, Rystad Energy predicts. Tight oil output in the core …
Tendeka: High Performance Water Swelling Elastomers Save Time and Money in the Bakken
The combination of shale and dolomite in the Bakken and Three Forks formations, and the presence of vertical to sub-vertical natural fractures make open-hole multi-zone completions an effective solution in this play. Swellable packers are used for stage isolation and the cost of a failed packer is one stage of …
The Bazhenov Formation In Search of Big Shale Oil in Upper Salym, Part 2
Aleksey D. Alekseev Senior Petrophysicist of Salym Petroleum Development N.V., Ph.D. (Geoscience) This article looks at the work performed by Salym Petroleum Development N.V. (SPD) for the pilot development of the Bazhenov Formation. The research program has helped to identify key geological features of the Bazhenov Formation of the Upper …
Salym Petroleum Development: The Bazhenov Formation – In Search of Big Shale Oil in Upper Salym
This article looks at the work performed by Salym Petroleum Development N.V. for the pilot development of the Bazhenov Formation. The research program has helped to identify key geological features of the Bazhenov Formation of the Upper Salym field, which have helped define the ways of drilling, completion, field development …
Varel Navigator Series 6” VM613P2 Bakken Lateral Application Success
Challenge Bakken is a soft shale play where increased rates of penetration can be obtained. The overarching goal is to achieve a one-bit lateral run (~9,500’) without having to trip; and if a rig has to trip in the lateral section it is usually because of tool failure and not …