Bakken shale production growth will be constrained by flaring restrictions and infrastructure bottlenecks #OilmanNEWS Oil and Gas News Shale Upstream 

Bakken Shale Production Growth Will be Constrained by Flaring Restrictions and Infrastructure Bottlenecks

There is considerable potential to raise the crude oil production in the Bakken shale play from the current level of approximately 1.44 million barrels of oil per day (mmbd) to at least 2 mmbd. However, flaring regulations and infrastructure bottlenecks in North Dakota are limiting production growth, according to GlobalData, a leading data and analytics company. Bakken oil production is… Read More
Where are my Permian Barrels Going? 2019 July-August Shale Texas 

Where are my Permian Barrels Going?

“Capacity” – one of the most aggravating, yet one of the most common words coming out of West Texas and Southeastern New Mexico today. Production is at record highs, almost doubling within the past ten years, but exploration and production companies are having to ask themselves what they are going to do with the crude coming out of the ground.… Read More
Addressing Infrastructure Needs in the Permian Basin and Across America 2019 July-August Shale Texas Transportation 

Addressing Infrastructure Needs in the Permian Basin and Across America

It’s no surprise that with oil production in the Permian region quadrupling over the past eight years, the traffic in the Permian Basin has increased exponentially. According to a study by the Texas A&M Transportation Institute, there were four times the number of truck loads on the roadway than officials initially estimated. During this same eight-year period, Midland, Texas has… Read More
Chart 1: Density log vs OBG. Source: Ocando, Osorio (2015). 2019 May-June Shale 

There Is More than One Way to Practice Hydraulic Fracturing

Hydraulic fracturing is a highly practiced branch of the production discipline that is commonly used in sands with low permeability. Sometimes it is used for sand control operations and, in other cases, to increase production when it goes down. The functional principle of fracturing consists on using fluid at a higher pressure than the breaking strength of the rock, and… Read More
Making Dollars & Cents of Chevron’s $50 Billion Acquisition of Anadarko #OilmanNEWS Oil and Gas News Shale Upstream 

Making Dollars & Cents of Chevron’s $50 Billion Acquisition of Anadarko

Austin, TX – Drillinginfo, the leading energy SaaS and data analytics company, released a new analysis focused on Friday’s announcement that Chevron would acquire Anadarko Petroleum Corporation for $50 billion, the sixth largest transaction in the history of oil and gas acquisitions. If finalized, the deal would break a ‘deal logjam’ given U.S. oil and gas M&A deal values plunged to… Read More
Overnight Surges in Trading According to experts, the average daily volume during trading overnight (4pm up till 8 am) for natural gas was seen increasing by 120% from January 2017 to 2018. These signified all-time-highs in a single day with about 1.02 million contracts that were exchanged. The de-linking of crude oil and LNG prices is expected to bring forward a rapid evolution in the US and global natural gas market. Currently, the LNG market on global scale stands at a net worth of about $90 billion per annum. One contributing factor toward the efforts to increase LNG demand is how countries are reducing their dependence on coal and are moving towards sources with lower carbon – like China. The global trade of LNG had reached about 38.2 billion Bcf daily in 2018. This was up about 10% from the 2017 standings and probably the largest increase in volume since 2010. In 2019, the EIA has forecasted as much as 90.2 billion Bcf daily. This will continue to rise as the natural gas industry moves towards 2020 and forecasts are for 92.1 Bcf daily. LNG as the Future of Energy in the US The EIA has also stated that it expects total electricity generation from natural gas power plants. Their forecasts illustrate a steady rise till 2020 where the statistics stood at 35% in 2018. In 2019, this is expected to rise to 36% and 37% in 2020. In comparison, the share of energy generated from coal will stand at just 26% in 2019 and a lesser 24% in 2020. The share of nuclear power generation will stand near the current level of 26% in both 2019 and 2020. The share of hydropower is forecasted to be somewhat less than its current 7% figures in both 2019 and 2020. Lastly, non-hydropower renewable energy sources like solar and wind are expect to grow from the current 10% to about 11% in 2019 and will stand at 13% in 2020. That being said, shale drilling for natural gas has already brought the US to the 2nd in producers trailing only by a small amount behind Russia. America is also expected to account for as much as 40% of the extra natural gas production in the world by 2022! #OilmanNEWS Oil and Gas News Shale Transportation Upstream 

U.S. Natural Gas Supply Future Projections and Sources

Geologists have dictated that natural gas and crude oil go hand-in-hand. If operators were to dig up a hole for one, there will also be a good chance to find the other. This very fact has underpinned the trading and pricing of various petroleum products in the world – which also includes liquefied natural gas (LNG). The shale revolution in… Read More
The Environmental Issues of Hydraulic Fracturing - Facts vs. Fiction #OilmanNEWS Environmental Oil and Gas News Onshore Shale Upstream 

The Environmental Issues of Hydraulic Fracturing – Facts vs. Fiction

Drilling opponents, news organizations, gas companies, and members of Congress alike have been spreading some controversial rumors about natural gas. All the bold claims were made in terms of fracking or hydraulic fracturing, which is currently the best horizon for natural gas extraction. Here in this article, we’ll be taking on these controversial rumors and set the record straight. 1.    … Read More
Managing Noise from the Hydraulic Fracking Process #OilmanNEWS Oil and Gas News Onshore Shale Upstream 

Managing Noise from the Hydraulic Fracking Process

While shale gas drilling or hydraulic fracking has transformed the energy market in the U.S., it brings about its own plethora of environmental challenges. One of the most recognized problems is the noise impact of shale gas drilling. This problem, along with most of the other environmental impacts, is generally addressed by national regulations and strong engagements from stakeholders. This… Read More
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