The US Fracturing Market Is Sinking, But How Low Will It Go?
Shale producers are pulling completions crews out of the field to respond to the recent price crash, but the contraction has only begun.
18 March 2020
17 March 2020
Spending Cuts First, Job Cuts Are Next
Oil exploration and production jobs globally are at about the level they were after deep cuts following the 2014 crash. Now companies need to find more to cut.
UPDATE: Oil Industry Budget Cuts Adding Up Across the Globe
The list of companies that are slashing millions and sometimes billions from their annual spending programs is growing longer as the ripple effects of a price war and pandemic spread across the globe.
Schlumberger Reduces Capital Spending, To Focus on International Basins
The company is preparing for logistical disruptions as countries implement more restrictions due to COVID-19 and plans to focus resources and capital on “resilient” international basins.
Chevron Hits the Brakes on Permian, Cuts $8 Billion Across Company
The international major has lowered its output forecast in the world’s most prolific unconventional basin by 20%.
European Gas Demand and Power Consumption Estimates Revised on COVID-19
Gas demand is expected to grow by just 2 Bcm in 2020, down from previous expectations of 6 Bcm. The Netherlands, UK, Germany, and Spain are expected to see the biggest impact.
Global Upstream Industry Moves Into Survival Mode
As the fallout deepens from the coronavirus pandemic and the global collapse in oil and gas prices, oil- and gas-producing regions around the world are feeling the pain.
Industry Faces Long Road to Recovery
Leaders of Rystad Energy went online recently to talk about the effects of the coronavirus pandemic on the oil and gas industry, and the prognosis isn’t good.
Is Depression-Era Production Regulation What OPEC Really Wants To See?
The notion that the state of Texas could help oil producers by limiting production at a time when the market is glutted has a real history in Texas, but an iffy future.
Trace a Path To Reduce Capex and Maximize Recovery
Developing a reservoir with current capex constraints requires innovative technology to provide reliable reservoir production insight. This article describes how chemical tracer technologies can be integrated into reservoir development plans to reduce risk, minimize capex, and maximize ROI.
Innovators Seek To Transform Flaring Into Money and Power
Instead of burning money, why not make electricity? This is the big pitch being made by a growing number of technology companies who see green every time they see a red-hot flare burning associated gas.
Senior Engineering Adviser, Occidental Petroleum
Just as the unconventional revolution has transformed our industry during the past decade, it has also dominated the world of artificial lift. In fact, it can be difficult to find an artificial lift paper these days that does not address, in some way, artificial lift systems in unconventional wells.
JPT Technology Editor
Production monitoring requires heightened degrees of precision and efficiency as operations are streamlined and projects are evaluated continuously. This month’s feature focuses on innovative technologies that have been implemented in environments ranging from the Gulf of Mexico to China.
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2020 SPE President
In Memoriam: C. N. (Tom) Tinker
18 March 2020
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In Memoriam: Michael J. Fetkovich
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