September 2017 | Volume 69, Number 9
Unconventional Resources: Conference Highlights Shale as an International Business
The Unconventional Resources Technology Conference included discussions on emerging approaches to improving oil and gas recovery from tight rocks and exploring where the risks still lie with induced seismicity.
Outlook Points to Peak Transport Demand for Oil
Oil demand growth from the transportation sector, the linchpin of oil consumption, will slow to a trickle by 2035 and level off, while demand from the petrochemicals sector will become oil’s chief growth driver, the BP 2017 Energy Outlook says.
Technology’s Role for Today’s New-Look, Multidisciplinary Teams
What are the real opportunities for disruptive step change that will help us to catch up and leapfrog other industries that have given rise to companies such as Amazon, Google, and Apple, and have driven the renewal of the auto, airline, and transportation industries?
Clouds are Forming Around the Upstream Sector, and That’s a Good Thing
No longer considered a buzz phrase, cloud computing has made converts of the largest oil companies, and now the smaller ones are next.
Filling in the Blanks To Limit Earthquake Risks
It is known that a well injecting a lot of water near a big fault can lead to earthquakes. The problem is, more often than not those faults are not known until after a tremor.
Unconventional Resources: A Typical Well Is Hard To Define
A type curve is a quick way to answer a critical question—what does a typical well produce over time in a given place?
Unconventional Resources: Validating the Smooth Success of HEAL System
PipeFractionalFlow, a spinoff startup from the University of Texas at Austin, uses new theories and equations to make modeling complex multiphase flow more affordable. A model recently developed offers operators an “independent and unbiased” way to validate the system and select candidate wells.
Unconventional Resources: Will Shale Oil Ever Make Money? Quite Possibly Next Decade
This well-established oilfield consultancy explains why 2020 might be a big year for the unconventional sector.
Induced Earthquakes in Oklahoma Dropping, But Not off the Radar
Top US seismic experts say they are keeping a watchful eye on ground shaking in the state as new concerns are raised in neighboring Texas.
Unconventional Resources: Three Alternative Paths To Maximizing Unconventional Resources
As well-developed shale plays and tight formations mature and decline in production, nontraditional strategies for maximizing production and discovering new resources must be considered.
Data Aggregation and Distribution With Human Factors Incorporated
Researchers have developed a drilling-data-aggregation and -distribution system that seamlessly integrates all forms of data, file types, and communication protocols and incorporates human-factors engineering in the design.
26 July 2017
Saeid Rahimian, SPE, was appointed CEO of Aereon, an emissions control equipment and services provid.......Read More
In Memoriam: Orville D. Gaither
13 July 2017
Orville D. Gaither, 1990 SPE President and an SPE Foundation trustee, died 29 June. Gaither’s presid.......Read More
Researchers: Models Overstate Technology Impact, Understate Location Impact for Unconventional Wells
Two researchers at the MIT Energy Initiative have found that current modeling overestimates the impact of new technology on unconventional well productivity and underestimates that of increasingly targeting reservoir “sweet spots.”
US Daily Oil Production To Break Record in 2018
Crude oil production in the United States is expected to approach 10 million B/D in 2018 and surpass a previous high achieved in 1970, according to the latest US EIA forecast.
Drilling Boom Goes Flat
Drilling activity in US shale plays is slowing as operators encounter higher prices for labor, equipment, and services, and lower prices for the oil and gas produced.
IEA: US May Be Top LNG Exporter by 2022
One of the world’s leading energy watchers says the second shale revolution will come in the form of LNG exports.
Chief Scientist, Baker Hughes, a GE Company
Senior Manager for Design for Reliability, Baker Hughes, a GE Company
Senior Technical Adviser for Drilling Services, Baker Hughes, a GE Company
Drilling Systems Automation and Management
Over the past year, workshops and symposia have made it clear that consideration of data and digitalization plays an important role in transforming companies in the drilling industry. Systems automation requires a digital backbone and offers significant performance, cost, and safety benefits.
Head of Global Innovation, Clariant Oil Services
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ON THE COVER
2017 SPE President
The Woman Question
It’s not just my opinion that the oil industry is significantly harder on women than most other industries; studies prove it. Development of people should be an accountable metric for all business leaders. Visible metrics and accountable leaders can change the face, literally, of our industry.
01 September 2017
01 September 2017
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