Jill Thompson, Senior Staff Geologist & Nick Franciose, Reservoir Engineer, QEP Resources sat down with Jessica Morales at the MicroSeismic User Forum in January. The two discussed the “tank-style” completions that eliminate frac hit pitfalls. Thompson explains the company has developed and implemented a pressure wall which is a barrier between completing wells and producing wells. In this interview, she walks through why that is different than the way things used to be done at QEP Resources.
Ingenuity and innovation are delivering steady growth in the U.S. Gulf of Mexico oil and gas industry.
The company said it now plans to produce about 295,000 to 310,000 barrels of oil equivalent per day (boe/d) for the full year, lower than its previous forecast of 310,000 to 325,000 boe/d.
We’ve entered the Tom Petty zone of rig count decline. Talk to drilling contractors and they report business is Free Falling, Free Falling. Tight formation rig count dropped 39 this past week, including 22 in the Permian, five in the Eagle Ford and six in Oklahoma’s Anadarko Basin.