Oil Prices Slide Due to 'Weakness on the Demand Side' - 18 August, 2022 07:30 AM
Oil Supertankers Are Raking in the Most Money Since 2020 - 18 August, 2022 07:30 AM
Europe’s Self-Inflicted Oil Crisis and the Saudis' Last Laugh with U.S. - 18 August, 2022 07:30 AM
Biden Approves Largest Oil, Gas Lease Sale in U.S. History - 18 August, 2022 07:30 AM
U.S. Coast Guard Works to Contain 420-Gallon Oil Spill in Texas Waters - 18 August, 2022 07:30 AM
Petroleum Systems of the Middle East Member Call for Abstracts
Expires in 120 days
People familiar with the energy business know that most existing vertical wells produce little oil or gas. They might be surprised how many horizontal wells fall into the same category. Under the right circumstances, this growing number of wells in decline could represent an investment opportunity. Or, it might become a giant abandonment headache for the oil industry.
It’s summertime here in the Northern Hemisphere, and with the sun and warm weather, thoughts are shifting to vacation. Packing the kids in the car for a week at the beach or a trip to grandma’s house is a time-honored tradition. But this year, moms and dads are doing so with an eye on surging gas prices – this road trip isn’t going to be cheap. Parents aren’t alone in casting a nervous eye on prices at the pump. The White House is, too.
Not wishing to split hairs over which is the world’s first oil well, the majority of oil historians recognize the drilling of the Drake Well as the birth of the modern petroleum industry. What is not so well known is that some seven miles southeast of the Drake Well, in Pithole Creek, lie the remains of a city that came out of nowhere as a new town, enjoyed great splendor, then disappeared in a few years. It is the legendary Pithole City in Venango County of northwestern Pennsylvania.
With the price of oil hovering well over $100 a barrel, some in the industry are exploring ways to revisit conventional oilfields using technology that emerged during the unconventional oil boom, with a goal of earning a rapid return on investment while prices remain favorable.
And we’re back. With high oil and gas prices and strong demand driving renewed interest in production, the energy industry is returning to the unconventional resources business in a big way. The upcoming Unconventional Resources Technology Conference is once again an in-person meeting, back in Houston this month, June 20-22, with a major emphasis on practical ways to boost output and introduce efficiencies.
In February, TotalEnergies announced a significant light oil discovery in the Orange Basin, offshore Namibia. Reuters reported a source suggesting that the Venus-X1 well may have found more than 1 billion barrels of oil equivalent. This was the second significant discovery announced in the basin that month. The offshore continues to deliver new oil and natural gas discoveries worldwide. And as this issue hits your inbox, the offshore is the primary topic of discussion in Houston as the 2022 Offshore Technology Conference returns to NRG Park from May 2-5.
There are two main oil and gas producing sedimentary areas in France: the Paris Basin and the Aquitaine Basin. The presence of oil seeps and bitumen deposits has been known since ancient times in the western part of the Aquitaine basin, a 35,000-square-kilometer triangular polygon bordered to the north by the city of Bordeaux, to the east by Toulouse and to the south by the Pyrenees Mountain chain separating France from Spain. These hydrocarbon shows were observed close to surface anticlinal structures such as the Sainte-Suzanne dome, southwest of Pau or in the caprocks of salt diapirs at Salies de Bearn and Dax to the north.
In the first part of this series, we showed the energy transition will follow an “all of the above” trajectory, irrespective of aspirational messages. Our conclusions are based on the inherent limitations of wind and solar low-density energy machines for generating base-load power: low-density energy machines would cover hundreds of millions of acres. Also in part 1, we discussed Princeton University’s Net Zero America report, an outstanding, 18-author study of five models to de-carbonize the United States by 2050. The report does not mention environmental impact of LDEMs.
While it is evident that the world will rely on oil and gas for years to come, some industry geoscientists are paving a path toward a future in alternative energy and other geoscience-related careers. Geoscientists are needed for research and development in areas of geothermal science, minerals and mining, and carbon and energy storage. They also are needed for projects that require knowledge of geology, subsurface imaging, reservoir development, satellite mapping, geotraining, multiphysics and smart data solutions.
These days, more uncertain than the price of gas, especially with the announcement last month from
the administration to ban the import of Russian oil and gas, combined with the European Union’s decision to cut imports by 80 percent, is the question of whether the world will get the energy it needs – and who will provide it.
To that end, it’s worth considering what conventional oil and gas reservoirs here in America can be drilled and placed online quickly to help fill that need.
The Niobrara Petroleum System of the U.S. Rocky Mountain Region is a major tight petroleum resource play.
Biomass Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for biopower and biofuel.
Renewable & Non-Renewable Resources is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for renewable energy.
Geothermal Energy Basics is an online course that enables participants to review, analyze, and evaluate opportunities in the rapidly expanding market for geothermal energy.
The goal of this e-symposium is to review an important dimension in the ways geologist can build and update geological models using information from performance data.
This presentation describes a proven workflow that uses a standard narrow azimuth 3D seismic, conventional logs, image logs and core data to build five key reservoir properties required for an optimal development of shale plays.
The goal of this e-symposium is to provide an overview of the latest trends and technologies for water management for oil and gas drilling, completions, and production.
This presentation will look at well placement vertically in the pay, well azimuth and well trajectory with explanations of how geology and post-depositional effects can make the difference between a successful well and a failure.
This presentation will show where there are cases of missing sections, but none of them can be attributed to normal faulting.
The presentation will focus on hydraulic fracture geometry in shales, the materials used in the fracturing process, and treatment monitoring via microseismic.
Analysis of microseismicity induced by hydraulic fracture stimulation in the Marcellus Shale shows changes in stress state for different zones of failure. During the treatment, shear failure occurs on both the J1 and J2 fracture orientations in response to different maximum stress orientations, indicating localized changes in the orientation during the treatment. Reactivation of a fault near the wellbore is associated with failure mechanisms with a higher volumetric component, indicating possible inflation of faults and fractures by the introduction of the slurry. Quantification of the stress conditions that are associated with inflation could potentially be used to optimize the stimulation by identifying which fractures will preferentially take on slurry volume.
Request a visit from Sherilyn Williams-Stroud!
Hydraulic fracturing has been around for decades. This talk describes some of the first applications of the technology, how it developed over time, and our current understanding of its impacts with some discussion of both water and earthquake hazards.
Microseismicity induced by hydraulic fracture stimulation of a horizontal well was mapped with a near-surface buried array. Distinct linear trends of events were not parallel to the direction of fast shear wave polarization measured in the reservoir with a crossed-dipole anisotropy tool. Analysis of core from a nearby well revealed numerous calcite-filled fractures that did not induce shear wave polarization, but did significantly impact the failure behavior of the reservoir rock during the stimulation treatment. Hydraulic fracture simulation with DFN modeling and source mechanism analysis supports the interpretation of reactivated existing fractures rather than the formation of hydraulically-induced tensile fractures.
This is a less-technical education topic. It can be condensed to an hour or given as 2 two-hour sessions. It stresses selected controversial aspects of fracking that touch some combination of environment and economics and includes a short video of how fracking is done.
Request a visit from David Weinberg!
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