In this week’s Oilgram News column, At the Wellhead, Tim Bradner looks at how new technologies are helping producers at Alaska’s Prudhoe Bay to improve production and drilling techniques and to boost ultimate expected recovery rates.
Posts Tagged ‘drilling’
By Tim Bradner | September 21, 2015 12:10 AM Comments (0)
By Gary Gentile | August 31, 2015 11:46 AM Comments (1)
By Starr Spencer | August 21, 2015 12:01 AM Comments (9)
If the round of second-quarter upstream conference calls showed anything, it was that operators have been humdingers in recent months: incredibly competitive, ruggedly hard-working and totally determined to match their operating costs to slipping oil prices, with a bit left over for profit.
And they have succeeded beyond their most extravagant forecasts. The cost of producing the once-perceived “high-priced” unconventional oil patch has now fallen, in some cases, to per-barrel breakeven prices pretty much on par with an extra-large delivered pizza with all the works, including tip.
By Charles Newbery | August 17, 2015 10:06 AM Comments (0)
There are always myriad reasons why vast oil resources worldwide may not be produced, and in this week’s Oilgram News column, At the Wellhead, Charles Newbery digs into challenges facing the biggest shale play in Argentina, which could rival the prolific production of US plays if properly tapped.
By Robert Perkins | May 18, 2015 12:01 AM Comments (0)
By Gary Gentile | May 4, 2015 12:01 AM Comments (2)
The technology underlying the US shale revolution was largely developed and funded by government laboratories working in conjunction with the private sector. Could the same formula be the key to unlocking the oil and gas riches offshore Alaska?
By Ross McCracken | May 1, 2015 10:37 AM Comments (0)
In this month’s highlight of material from Platts Energy Economist, managing editor Ross McCracken delves into the best places to sink capital in a time of low oil prices and whether recent investments have truly trickled through the industry yet.
It is not hard to find proponents of the view that the current clampdown on capital expenditure by oil and gas companies will cause a shortage of oil in the future. Weak investment now causes low production in years to come. At the same time, low prices prompt greater demand. As soon as these two processes become entrenched, oil traders will look ahead to the impending shortage and prices will rise. Boom time returns.
By Starr Spencer | April 30, 2015 12:01 AM Comments (3)
The oil industry has always had buzz words and unique verbal shorthand. Remember the “Year of the MLP” (2007) and “Drill, Baby, Drill” (2008)?
During the last down cycle in 2008-2009, oil executives debated whether the recovery – when it came – would be “V”-shaped or “U”-shaped. That is, a relatively rapid bottoming of oil prices in the former instance, followed by a fairly quick rebound – or, alternatively, a steep falloff of oil prices, a plateau as the market got its bearings and settled out, and then a fairly rapid climb back up the price ladder.
By News Desk | April 20, 2015 08:10 PM Comments (0)
As we have in years gone by, we’re highlighting parts of the IHS Energy CERAWeek here on The Barrel. We have a rotating cast of editors coming this week to the Houston energy conference, from oil to natural gas to power, and each day we’ll have a post in which we share what stood out to us.
You can follow more of the coverage by following @PlattsOil, @PlattsGas and @PlattsPower and looking for the hashtag #CERAWeek, as well as by checking Platts.com for news stories. At the end of the conference, we’ll also have a Storify feature about the conference, compiling all our coverage in one location.
By William Powell | April 13, 2015 12:01 AM Comments (0)
Shell has become the first major to take proper advantage of the low oil price, taking out a company that it has long been interested in buying: BG. And the reason is a good one: not growth for its own sake but using BG’s assets to help it achieve its own goals faster. The transaction is underpinned by BG’s asset value, it said.