Posts Tagged ‘shale’

Operator outputs from US oil and natural gas resource plays continues to leapfrog

Perhaps the most striking thing upstream companies revealed in their recent round of second quarter calls was the astounding production increases from US unconventional plays brought about by an array of tweaks to well drilling and completion techniques.

One tactic they’re using to eke more hydrocarbons from the ground is optimized well spacing — configuring wells as close as possible to best drain the reservoir without interference. Other techniques are placing hydraulic fracture sections or “stages” closer together and using more proppant to hold fractures open so oil and gas can flow more easily from the reservoir.

It’s taken a few years for operators to figure it all out, but about four years after they began widespread exploitation of unconventional oil plays, which are the current focus of most large companies, they are largely approaching full development mode.  In the meantime, they have seen staggering production growth, especially on the crude oil side.

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The changing face of global gas, or, chasing the arbitrage

The fate of US LNG import terminal projects was sealed as the amount of relatively low-cost gas produced onshore soared in the middle of the last decade. Most of them were scrapped before getting off the drawing board, but the more advanced of them, notably Cheniere’s Sabine Pass, went on to become export terminals, in a radical and apparently successful bid to salvage their backers’ fortunes.

That well-documented transformation was only made possible by the yawning price difference opening up between the depressed Henry Hub and the rest of the world.

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The Oil Big Five: Your comments include Iraq, Africa, refining, and OPEC

You’ve read about the big topics our Platts experts think are most interesting for July, and now we want to turn our attention to our readers.

In our monthly The Oil Big Five feature, we poll our global oil experts for what they consider the most pressing or interesting aspects of the oil industry at the moment. We follow each post by rounding up some of the comments, and below you can see (in no particular order) some of the reactions we had from our readers, both on the blog as well as on social media.

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Shale boom puts more tires on road in Dakotas, Colorado

The most recent US Department of Transportation report on road traffic reveals more travel in three states thanks to shale industry growth.

The increase in road travel in April 2014 compared with April 2013 was 1.8%, according to the Traffic Volume Trends report, released this month. The monthly report compares changes in estimated vehicle-miles of travel using hourly traffic count data.

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Abundant shale production also yields potential supply pinch for aromatics

The US petrochemical industry might be buzzing about all the cheap ethylene it can now make thanks to inexpensive ethane from shale gas plays. And while that certainly is helping position US polymer producers nicely in the global marketplace, there is another side to the shale coin.

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Petrodollars: The oil cash piles up in North Dakota’s Legacy Fund

North Dakota’s Legacy Fund continues to grow, no surprise given gains in that state’s oil output and a healthy commodity price. In this week’s Oilgram News column Petrodollars, Starr Spencer looks at the fund and its future.

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The Oil Big Five: Your thoughts about what’s important in June

The second installation of The Oil Big Five hit a snag when we realized that comments weren’t coming through on our blog platform, so this follow-up is a week later than we wanted.

But regardless of timing, we wanted to feature the comments from our readers, both here on the blog as well as on social media. We know what our oil experts and editors think are the most important trends worldwide, but what about you? Do you agree with what others have said?

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At the Wellhead: Ukraine’s civil strife has a shale angle

In so many of the world’s hot spots, now and in the past, hydrocarbons have played a big role or at the very least, a secondary one. In this week’s Oilgram News column, At the Wellhead, Ukraine correspondent Alexander Bor looks at the country’s shale gas prospects in light of the turmoil there.

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EIA oil monthly: subtle shifts

The monthly Energy Information Administration report for March, released Thursday, didn’t show any significant shifts in US supply patterns. But as always, there are a few things that catches one’s eye.

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Tom O’Malley, Harold Hamm, oil woes in the Middle East, Russian benchmarks…all in one day

A few observations from day one of the Platts Global Crude Oil Summit in London:

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