BPX Energy President Jack Collins said the company is planning to power 95% of its Permian Basin operations with electricity this year and is drilling an exploratory well for its carbon capture business.
The oil and gas industry has long assumed that sand and fluid flow uniformly together through casing. However, surface tests conducted by GEODynamics with six shale operators in the U.S. unequivocally proved otherwise.
Under a call by the Chinese companies to boost domestic energy supply security, national oil companies are making greater efforts to tap shale deposits despite their geological challenges and higher cost.
Service companies are working to help shale operators get the most out of aging fields while cutting costs and emissions.
Additional horsepower capacity will come online later this year, but it may not be enough to bridge the gap to projected demand in the frac market.
Water in and out as well as hydrocarbon transport sustain new completion techniques for U.S. shale producers.
Service providers Halliburton and Weatherford and data analytics company LYTT shared their automated technologies created to ensure efficiency in hydraulic fracturing operations.
Ranger Oil added three “bolt-on” acquisitions in the Eagle Ford Shale, bringing the total of all-cash transactions signed in the second quarter to six worth a combined $110 million.