Future US Onshore Growth Depends on a Higher Price
Strong US production growth and rising oil prices no longer look incompatible. With a lot less oil in storage, the production is needed to meet growing demand and cover the cost of added output.
It Can Be Hard To Prove You Really Cut Costs
Telling executives that the cost per foot drilled is down is not going to convince them that drilling is getting more efficient. That requires translating drilling measures into the language of corporate budgeters.
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.
New Study: US Shale Productivity Will Offset Rising Service Costs
Though crude prices are rising, US shale producers face questions over whether their improving oil production results and cost efficiencies will last as increasing drilling activity drives demand for oilfield services.
Drawdown Management Critical To Mitigating EUR Losses in Shale Wells
In drawdown management, operators can exert control over the downhole flow pressure, reservoir pressure, and choke size to avoid estimated ultimate recovery (EUR) losses.
BHP Billiton Testing New Methods To Maximize Returns on Completions
Running a shale exploration and production operation requires a sharp focus on costs, but not all are measured the same.
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