April 2015 | Volume 67, Number 4
Low Oil Prices Increase Value of Big Data in Fracturing
The necessity to cut costs amid low oil prices has pushed shale operators to use well data more effectively to get the most value out of their fracturing stimulation treatments.
Guest Editorial: A Balancing Act
Getting through this latest downturn in oil prices will require a balancing act between short-term measures to reduce costs while maintaining a long-term perspective on growth in the industry.
Oil Price Plunge Requires Revised Completion Methods
In this cost-cutting market environment, completion engineers face added pressure to maximize the return on every dollar invested when putting unconventional wells into production.
Rethinking Proppant: From Liquid to Solid
At the SPE Hydraulic Fracturing Technology Conference, one of the most innovative ideas discussed was a liquid proppant designed to turn into strong spherical balls to keep a fracture open.
SPE Board Announces Nominees: 2017 President and 2016 Directors
Janeen Judah is the nominee for 2017 SPE President and nine other members have been proposed as candidates to fill vacancies on the 2016 SPE Board of Directors.
OTC 2015 Poised To Offer Direction in a Challenging Environment
The volatility of oil prices facing companies will be among the challenges addressed at the conference. A new event called d5 aims to spark creativity and innovation in the industry.
Saudi Aramco Boosts R&D Efforts to Increase Oil Recovery
In its pursuit to enhance recovery from major producing reservoirs, the company is emphasizing high-impact technologies to achieve breakthroughs.
Management: Getting to Grips with Human Factors in Drilling Operations
Looking after the human factors in daily operations is good business because it increases employee safety and improves work performance.
OTC Unveils Winners of Spotlight on New Technology Awards
The annual OTC awards program recognizes 15 innovative technologies and showcases the latest advances in offshore exploration and production.
Dual-Drillpipe Method Shows Success in PMCD Wells With Cuttings Return
The Reelwell Drilling Method (RDM) is a new technology developed to solve certain drilling problems and improve the operation margin for various applications.
High-Definition Logging-While-Drilling Microimages Provided in Real Time
The development of conventional reservoirs has typically involved minimal logging-while-drilling (LWD) technology, usually consisting of survey, gamma ray, and possibly resistivity tools.
Gauging an Unconventional Shale Well
For more than 50 years pressure transient tests have been used to model conventional reservoir properties in wells all over the world. In unconventional reservoirs, it was first assumed this kind of test could not be done; however, a sensitive pressure gauge technology makes it possible.
BP Outlook Sees North America as Net Energy Exporter in 2015
North America will transition from a net importer of energy to a net exporter this year, according to BP Energy Outlook 2035.
Renaming of New Construction Vessel Offers a World War II History Lesson
Allseas Engineering’s giant new offshore construction vessel has a new name, prior to its first job. What was once the Pieter Schelte is now the Pioneering Spirit.
Selling a New Way of Looking Into Rocks
FEI is a maker of high-powered microscopes whose growth plan in exploration and production includes building a service company.
Senior Adviser, BP Global Wells Organization
Senior Technical Adviser, Baker Hughes
Distinguished Adviser and Segment Engineering Technical Authority, BP
Reservoir Engineer, Petrobras Research Center
History Matching and Forecasting
Nowadays, there is a wealth of history-matching methods. As a result, we observe that it is becoming a common industrial practice to generate multiple history-matched models, even for fairly complex problems with thousands of uncertainty variables and a large amount of data.
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ON THE COVER
Helge Hove Haldorsen
2015 SPE President
Phillips 66 Partners
01 Apr 2015
Phillips 66 Partners will acquire Phillip 66’s interests in three US pipeline systems for USD 1 bill ...
01 Apr 2015
Berkshire Hathaway has sold its entire stake in ExxonMobil, which amounts to USD 3.7 billion. The co ...
01 Apr 2015
Shell signed a USD 11 billion deal with the government of Iraq to build a petrochemical plant in the ...
01 Apr 2015
Statoil awarded a USD 1 billion engineering, procurement, and construction (EPC) contract to Abiel f ...
What types of additives are available? What are the effects of each additive?
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