Stratas Advisors conducts a game of trivia on 2018 unconventional resources dealing with production, drilling and field activity in U.S. shale.
Optimized chemistries help leverage produced water to fracturing fluid.
The USGS says it has identified the Permian Basin’s Wolfcamp Shale and overlying Bone Spring Formation in the Delaware as its ‘largest continuous oil and gas resource ever assessed.’
The field studies project, now in phase 17, seeks to advance geophysical research to explore new methods and technologies for better reservoir performance.
Here’s some recent action in Midcontinent oil and gas plays including Western Anadarko and Fayetteville producers, extended-lateral Arkoma Woodford wells and a Wolfcamp discovery in the Permian Basin.
Cushing has improved to more than $70/bbl, but WTI Midland has been fetching as much as $10/bbl less. Many Permian producers are using basis hedges to ride out the new-takeaway drought. Some have firm transport directly to export markets. How are Permian producers minding the gap? Listen in as Reed Olmstead, an expert from IHS Markit, provides further insight.
Cloud-based reservoir modeling and simulations enabled an operator in the Wolfcamp Shale to improve well completion design.
Analysts estimate Earthstone tacked on a net increase of 2,677 acres to its position in the Midland Basin for less than $6,000 per acre.
Lost in the news of record-breaking production and impressive rig counts is the increasing rate of decline in production in the Permian Basin.