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.
Occidental Petroleum posted its fourth straight quarterly loss on Aug. 10 as it recorded a $6.6 billion impairment charge, largely to write down the value of its properties following a crash in oil prices.
EOG Resources said it started to restore curtailed production in June as oil prices recovered from their April lows, and it expects nearly all shut-in wells to begin production before the third quarter ends.
The slump is putting intense stress on the entire supply chain, the ecosystem of large and small contractors, skilled and semi-skilled labor that underpins oil and gas production.