Shale 2023 Special Report
2023 SHALE OUTLOOK
What’s next for the industry’s evolution?
The Mighty Permian Persists: By almost any measure, the Permian Basin delivers.
Marcellus Shale Gains Ground: The Marcellus Shale formation has now produced approximately 80 Tcf of natural gas to date.
The Haynesville Takes Shape: Although some remained skeptical of the shale’s potential, the approximately 9,000-sq-mile formation has proven itself worthy.
The Barnett Revitalizes: In North Texas’ Barnett Shale play, older wells are being rejuvenating and recompleted with modern fracturing technology.
The Eagle Ford Soars: Often cast in the shadow of the mighty Permian Basin, the South Texas Eagle Ford Shale began showing signs of a resurgence in 2022.
Bakken EOR Trial Increased Output by 25%: Pilot project shows alternating produced gas with water/ surfactant EOR mix boosts production and cuts costs in the Bakken Shale.
Where Carbon Capture and Storage Fits Into the Fuel Future: Companies from Chevron Corp. to Oxy dive head-first into the carbon capture market and the potentially profitable CO2 industry.
Argentina’s Vaca Muerta Aspires to Permian 2.0: The Vaca Muerta Shale is actively engaged in largescale hydraulic fracking projects and the most likely to replicate the West Texas success story.
Improving Completions Through Better Near-Wellbore Conditions Knowledge: Drill2Frac’s FlowFX solution helps finetune completion designs by modeling parameters such as the number of perf clusters and length of stages.
Autoblend, Top Fill Support Completions Operations: New electrical blender has higher up time than its traditional counterparts, while a mobile bucket elevator speeds up the sand delivery process.
Produced Water Research Advances: The University of Texas Permian Basin’s Texas Water and Energy Institute is analyzing data to potentially make projections about the behavior of produced water.
ProPetro’s Low-Carbon Future: The oilfield service company is shifting its mindset from aggressive growth to sustainability.
Liberty Resources' pilot project shows alternating produced gas with water/surfactant EOR mix boosts production and cuts costs in the Bakken Shale.
Following some A&D in 2022, the Permian-focused oilfield service company is shifting its mindset from aggressive growth to sustainability.
Solaris’ new electrical blender has higher up time than its traditional counterparts, while a mobile bucket elevator speeds up the sand delivery process
Led by operator BKV Corp., the Barnett is getting a makeover as older wells are recompleted using modern refracturing techniques.
South Texas’ Eagle Ford Shale began showing signs of a resurgence, particularly as it became a hotspot for M&A in 2022.
Despite a seemingly quiet year, the Haynesville saw a 54% increase in rig activity, reaching 72 in mid-December.
As geopolitical turmoil takes center stage, E&P leaders see the Marcellus at a turning point in aiding global economies reaching energy stability and recovery.
The Permian remained the center of the oil shale universe in 2022, but operators grappled with inflation, supply chain woes and labor shortages.
From nanoparticles to air bubbles, the University of Texas Permian Basin’s Texas Water and Energy Institute is analyzing data to potentially find a home for water produced during oil production.