Archive for the ‘Tight Gas’ Category
YPF SA and American Energy Partners LP have signed a joint venture agreement to explore and develop unconventional oil and natural gas from Argentina’s Vaca Muerta formation providing that financing can be arranged.
BHP Billiton Ltd. expects to book a pretax impairment charge of $7.2 billion, or $4.9 billion post-tax, against the carrying value of its onshore US assets, which will total $16 billion after the move.
Encana reduces 2016 capital budget by 25%
December 14th, 2015 by Latest News
Encana Corp. plans a 2016 capital budget of $1.5-1.7 billion, down $600 million compared with its 2015 budget.
ConocoPhillips foresees a 2016 capital budget of $7.7 billion, down 55% compared with 2014 capital spending and down 25% compared with expected 2015 capital spending.
Crude oil production in January from seven major US shale plays is expected to drop 116,000 b/d to 4.86 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). The agency last month projected a 118,000-b/d decline for December.
Saudi carbonate MSF well analysis determines optimal horizontal drilling direction
December 7th, 2015 by Latest News
Stress variations and drilling directions affect fracture geometry in open-hole multistage fracturing (MSF). Determining whether to drill toward the minimum horizontal stress (σmin) or maximum horizontal stress (σmax) impacts fracture behavior and ultimate production in tight, heterogeneous carbonate reservoirs.
MPLX LP, a Findlay, Ohio-based master limited partnership formed by Marathon Petroleum Corp. in 2012, and MarkWest Energy Partners LP of Denver have completed their previously announced $15.8-billion merger by which MarkWest became a wholly owned subsi…
World oil and gas reserves in 2014 showed slight growth, highlighted by reserves additions in the US in the form of tight oil, according to Eni SPA’s 14th edition of its World Oil & Gas Review, an annual statistics report on world oil and gas reserves, production, and consumption.