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. 104 more words
Tags » Permian
Today’s Prehistoric Beast is the Cotylorhynchus, a large herbivorous synapsid that lived during the early Permian period. I specifically don’t explain some of the terms I use to describe these creatures to encourage everyone at home to hit up that search engine and get those answers, they are right at your fingertips haha.
In its Monthly Market Report released today, OPEC said it expects its share of the global oil market to shrink in 2015 for the third consecutive year, mainly because of the ongoing US shale revolution. 26 more words
As we prepare to celebrate our nation’s Declaration of Independence on Friday, it would also be appropriate to take a moment to celebrate those states who are currently leading our nation down the path towards energy independence. 193 more words