April 2017 | Volume 69, Number 4
The Future of the Oil Sands Depends on One Thing: Totally Rethinking Everything
Oil production from the Canadian oil sands is big, growing, and its future is in doubt. The problem is the cost and time required to develop new production is not competitive now. While some big international oil companies are selling out, others are focused on changing the economics of growth.
Needed: Radical Efficiencies
During my 35 years in the upstream oil and gas business, I have seen firsthand the tremendous gains in efficiency, productivity, and cost reduction that the industry has achieved through innovation and technology.
Oil and Gas Producers Find Frac Hits in Shale Wells a Major Challenge
In North America’s most active shale fields, the drilling and hydraulic fracturing of new wells is directly placing older adjacent wells at risk of suffering a premature decline in oil and gas production.
OTC Holds Timely Opportunity To Chart E&P Industry Future
The Offshore Technology Conference to be held from 1–4 May at NRG Park in Houston will present an especially timely occasion for worldwide energy professionals to chart the way ahead.
Times are so Tough in the Oil Sands, Companies May Have To Collaborate
Things are so tough in the Canadian oil sands that competitors are considering whether to start sharing some of what they know about producing more and doing it for less. Collaboration should speed progress for everyone, but companies with something to give are looking for something in return.
Airborne Dust Limits Finalized for Sand Use in Hydraulic Fracturing
A closer look at technological and mechanical solutions being developed to limit exposure to respirable silica dust during hydraulic fracturing operations in the wake of US government regulations.
OTC Names Winners of Spotlight on New Technology Awards
The Offshore Technology Conference selected 15 new technologies for its 2017 Spotlight on New Technology Awards. The annual awards program recognizes innovative technologies and allows companies to showcase the latest advances in offshore exploration and production.
Adjustable, Supramolecular Viscosity Modifiers as Displacement Fluids in EOR
We report a novel type of viscosity modifier relying on the supramolecular assemblies that have pH-adjustable viscosities and robust tolerance against high temperatures and salinities, and are resistant to shear-induced degradation.
01 April 2017
Aniket Kumar, SPE, was selected as the Young Engineer of the Year representing the SPE Gulf Coast Se.......Read More
01 April 2017
Bentley Sanford, SPE, was appointed chairman of the board at TAM International. Sanford joined TAM i.......Read More
01 April 2017
Michael Machowski, SPE, president of the company at TAM International. Machowski was previously the.......Read More
01 April 2017
Kun Xie, SPE, was awarded the 2017 Nico van Wingen Memorial Graduate Fellowship. Xie is currently a .......Read More
Ignored Signal During Hydraulic Fracturing Offers Instant Feedback
Always recorded but almost never used, the water hammer signal could offer completions engineers another set of insightful data if petroleum engineers can crack its code.
Artificial Intelligence Holds Promise for Seismic and Drilling Data
As artificial intelligence makes a significant impact on various industries, an expert examines the roles it could play in streamlining oil and gas operations in the near future.
PDC Optimistic About Wattenberg, Delaware Assets
PDC’s president and CEO describes the company’s management strategy for its hydraulic fracturing operations in the Wattenberg Field and the Delaware Basin.
Independent Shale Producer is Driving Permian Well Improvements with Clean Sweeps
Permian Basin producer Callon Petroleum is attributing its data-driven approach to a routine completions practice to improved proppant placement and higher oil production.
Senior Adviser, BP
Offshore Drilling and Completion
The industry has developed a deep and healthy respect for systems-engineering processes and the associated full considerations during the deployment of new technologies. The result has been a significant improvement in the successful use and broader deployment of these attractive technologies.
Senior Adviser, Baker Hughes
Natural Gas Processing and Handling
Natural gas had a bullish year in 2016 as the average Henry Hub spot price jumped from USD 2.28/million Btu in January to USD 3.59/million Btu in December, according to the Energy Information Administration. It also positively forecast that the gas price will rise to USD 3.67/million Btu in 2017.
Global Director, Well-Control Technology, Weatherford International
Instead of selecting papers that were dedicated to material selection, I considered works that concentrated upon best practices and recently developed technologies that make operations in these difficult environments more efficient and far safer for crews and for the environment itself.
Reservoir Engineer, Petrobras Research Center
History Matching and Forecasting
I believe the main development in history matching is the recognition that it can be formulated as a Bayesian inference problem. History matching is no longer a searching process to find the best model. Instead, history matching is a process of mitigating uncertainty in light of new information.
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ON THE COVER
2017 SPE President
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