At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000.
Tight-oil production in the US set new records in 2019, but the banner year ended with an important caveat: more than two-thirds of crude production from shale plays flowed from wells drilled in the past 2 years. The figure reflects the fast-paced life of horizontal wells while also highlighting that older assets are not contributing as originally expected. [cont'd]
Two years ago, Encana Corp. unveiled a supersize fracking operation that many said would represent the future of the U.S. drilling boom. Unfortunately, performance has fallen off significantly. [cont'd]
Hydraulic Fracturing or “Fracking” has been in common use in the oil and gas industry since 1947. Basic questions about fracking are discussed, what it is, how it works; misperceptions and myths about fracking are debunked.[cont'd]
The wells of some producers in the Permian Basin appear to lag behind forecasts. Thousands of shale wells drilled in the last five years are pumping less oil and gas than their owners forecast to investors, raising questions about the strength and profitability of the fracking boom that turned the U.S. into an oil superpower. [cont'd]
Houston, TX – June 17, 2020 – Graves & Co. Consulting (www.gravesconsulting.us) is a reservoir engineering and geological consulting firm. We are pleased to announce the creation of a strategic alliance with Signa Engineering (www.signa.net) providing unparalleled engineering and consulting capacity and expertise. [cont'd]