February 2018 | Volume 70, Number 2
VACA MUERTA RISING: Building Unconventional Production From the Ground Up in Argentina
YPF has followed an unconventional path up the learning curve to develop the Vaca Muerta, which could be the first big ultratight play developed outside North America.
VACA MUERTA RISING: Faster and Cheaper Without Losing Better
After Gustavo Astie, executive manager for unconventionals at YPF, presented what he thought was an aggressive growth plan for the coming year to YPF management, he was asked: Would it be possible to go faster?
VACA MUERTA RISING: Forces Favoring Shale Development are Aligned in Argentina, for Now
It is easy to fixate on what it will take to extract huge volumes of oil and gas from the nearly impermeable rock within the Vaca Muerta.
VACA MUERTA RISING: A Trip Along the Learning Curve
A drive down a gravel road in the Loma Campana follows the steep early learning curve in the Vaca Muerta.
VACA MUERTA RISING: Creating a Family-Friendly Oilfield Boomtown
Añelo is a small town in an arid, sparsely populated area with a new supermarket, police station, bank, skate park, hotel, and hospital. In the past decade the population has roughly tripled to 7,000, and in 5 years, it is expected to nearly triple again to 20,000.
Dramatic Enrollment Shifts Plague Petroleum Engineering Programs
Crude prices may be rebounding, but undergraduate enrollment in US petroleum engineering programs continues to dive. Will there be a shortage of young, qualified PE graduates in the coming years?
An Interview With Halliburton CEO Jeff Miller
Halliburton Chief Executive Officer Jeff Miller discusses the service company giant's outlook for North American unconventionals and the overall health of the oil and gas industry.
Big Data for Advanced Well Engineering Holds Strong Potential To Optimize Drilling Costs
Considering the significant weight of drilling costs in upstream ventures, saving even a few hours of drilling could lead to substantial cost savings on the overall capital expenditures (Capex). Thanks to the big data revolution, cost optimization still has strong potential in drilling operations.
16 January 2018
Matt Gallagher, SPE, was appointed a member of Parsley Energy’s board of directors. He is currently .......Read More
Industry Poised for Stronger Performance in 2018
The global oil industry is positioned for stronger performance, reflecting the financial discipline and cost-cutting innovation driven by several years of low oil prices and the likely prospect of more stable market conditions.
Big Discoveries Prompt US Agencies to Lift Recoverable Resource Estimates in Alaska
Major oil discoveries by Armstrong Oil & Gas and ConocoPhillips have compelled the US Department of the Interior to reassess its estimate of undiscovered, technically recoverable resources in parts of Alaska.
Schlumberger Buys Weatherford’s US Fracturing Assets
Schlumberger and Weatherford called off a joint venture, with Schlumberger buying Weatherford’s US fracturing assets outright.
Oil Discoveries Fall to Lowest Level in 70 Years
Low oil prices that forced operators to slash upstream spending budgets has led to the lowest level of discoveries in decades.
‘Supergiant’ Zohr Gas Field Offshore Egypt Comes On Stream
Touted as the Mediterranean Sea’s largest-ever gas discovery, the “supergiant” Zohr field is expected to cover much of Egypt’s gas demand in the coming decades.
Michael H. Weatherl
Engineering Consultant and President, Well Integrity
Drilling Technology and Rigs
Phrases such as “dawn of the new age of the oil and gas industry,” and “the fourth industrial revolution” echoed through halls of SPE events in 2017 and into the new year, with rapid advancements in big data management, digital connectivity, and high-performance computing.
Senior Engineer, ExxonMobil Production Company
Leading Adviser, Well Productivity and Stimulation, Statoil
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ON THE COVER
2018 SPE President
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