Oil and gas companies are making it work and making it work well. In spite of—and because of—oil prices mired in the $50/bbl range, domestic crude production is reaching levels not seen since 2015, while offshore Gulf of Mexico production reached an all-time high in July, with 1.7 MMbbl/d, according to the Energy Information Administration. Effi ciency gains in their operations are encouraging oil companies to produce near-record amounts of oil in a pricing environment in which conventional thinking might dictate production cuts.
This month’s cover feature focuses on the systems, tools and trends that are convincing operators to snub that logic. Those systems and tools continue to drive down breakeven costs, push the envelope of cutting-edge technology and help solve the challenges that often result in lost productivity.
Featured in this month’s cover story focusing on production technologies and trends is a new alloy used in sucker rod couplings that helps reduce tubing wear. Stories also cover a well management control system that helps optimize artifi cial lift operations, while an alternative scavenger chemistry works to enhance production. Other features detail a line of progressive cavity pumps designed to provide greater effi ciency and rod pumping solutions aimed at solving challenges such as gas lock issues.
Read E&P's December cover stories:
Recommended Reading
Wayangankar: Golden Era for US Natural Gas Storage – Version 2.0
2024-04-19 - While the current resurgence in gas storage is reminiscent of the 2000s —an era that saw ~400 Bcf of storage capacity additions — the market drivers providing the tailwinds today are drastically different from that cycle.
Ozark Gas Transmission’s Pipeline Supply Access Project in Service
2024-04-18 - Black Bear Transmission’s subsidiary Ozark Gas Transmission placed its supply access project in service on April 8, providing increased gas supply reliability for Ozark shippers.
Kinder Morgan Sees Need for Another Permian NatGas Pipeline
2024-04-18 - Negative prices, tight capacity and upcoming demand are driving natural gas leaders at Kinder Morgan to think about more takeaway capacity.
Scathing Court Ruling Hits Energy Transfer’s Louisiana Legal Disputes
2024-04-17 - A recent Energy Transfer filing with FERC may signal a change in strategy, an analyst says.
Balticconnector Gas Pipeline Will be in Commercial Use Again April 22, Gasgrid Says
2024-04-17 - The Balticconnector subsea gas link between Estonia and Finland was damaged in October along with three telecoms cables.