Drilling

The simulation allows tutors to take concepts discussed in the classroom and demonstrate a working knowledge as they would in a real-life environment, allowing students to experience in real-time the hazards they may encounter when dealing with onshore and offshore wells.

This agreement extends Vital Energy’s oil-weighted inventory life by adding roughly 30 operated horizontal location in the Woldcamp B. This includes four drilled, yet un completed locations.

The company recently received notices that over eight new wells have been brought online. The main areas experiencing growth are on the company’s Permian Basin and Haynesville shale properties.

U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.

According to JSG, the company will drill at least one well every six months until the area is fully developed. JSG will drill its first horizontal completion in the Granite Wash formation in February 2023.

The focus of attention will be on operators’ production targets, with the global supply-demand balance still tight and with China’s recent lifting of coronavirus restrictions expected to boost consumption. Shale drillers have said supply-chain issues, labor shortages, rising costs and unhelpful federal policies are preventing them from revving up production.

Public drillers added 18 rigs during the final three months of 2022, while their private rivals idled 11. Overall, the fleet of rigs operating in the contiguous U.S. expanded by three from the end of September to Dec. 31.

If 2022 was big for international oil, it was astronomical for the domestic sector. From our coveted annual World Oil Awards to happenings in West Texas, news never stopped flowing. Read the top home-grown stories of 2022 here.

Carmo Energy, a subsidiary of Cobra IS, will oversee the maintenance of these facilities and of the work to upgrade them to technical and environmental standards. It will be remunerated through their exploitation.

ConocoPhillips had originally proposed drilling across five pads at the site in the northeast corner of the National Petroleum Reserve-Alaska. However, the Interior Department has advanced an alternative plan that would initially allow just three. Now some environmental activists are musing about an even smaller, two-site option.

Each of the three Wolfcamp B horizontals had approximately 9,900 feet of completed lateral, averaging 95% within U.S. Energy's 33' target window at a TVD of 10,979'. A total of 198 stages were completed in 31 days with 99.5% of the designed proppant volume and 105.3% of the designed fluid volume placed.

Zephyr Energy Plc, the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, announced on Monday that drilling operations have commenced on the State 36-2 LNW-CC well at its flagship project in the Paradox Basin, Utah.

Prime Mapping is a tubular field service carried out before running-in-hole that provides actual casing and tubing data enhancing drilling and completion operations. Prime Mapping can be run on the rig floor or at the yard by Vallourec trained technicians at any time, for tubulars from any supplier. The data is obtained using a portable device called In-Pipe Rover which uses laser and/or ultrasound technology. Prime Mapping provides full-length internal diameter (ID), wall thickness (WT), and outside diameter (OD) map with thousands of data points per pipe, providing calculated ovality, eccentricity, out-of-roundness, bore and metal volume. This actual geometric data is essential for packer setting and cement displacement, and mitigates casing wear while drilling, as it allows operators to optimize their casing and tubing strings before running, thus obtaining higher downhole performance. By performing the service in any field, Prime Mapping saves time, costs, and CO2 emissions for operators who no longer need to send pipes back to UT benches.

Join our expert, Mahmoud ElGizawy, to learn how automated survey management solutions can allow operating companies and service providers to access the most advanced directional survey correction algorithms to optimize drilling applications in real-time by providing accurate wellbore positioning data. This allows timely correction to the wellbore trajectory without requiring additional tools or onsite personnel. The automated survey solutions maximize reservoir production by accurately placing the well in the planned spot while avoiding collision with other wells in close proximity.

As part of continuing to deliver its growth strategy and expanding in core markets such as the Middle East region, KCA Deutag has announced the completion of the largest phase of the Saipem SpA’s onshore drilling business acquisition.

SLB announced it has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology.

Diamondback Energy Inc. agreed to buy closely held FireBird Energy LLC in a cash-and-stock deal valued at about $1.6 billion, enabling the U.S. shale oil producer to grow in the Permian Basin.

Deltastream Energy Corp.’s gamble six years ago on drilling for oil in a heavily forested area of northern Alberta with no pipeline links paid off with a C$1.8 billion ($1.4 billion) return for investors, according to its chief executive officer.

Abu Dhabi National Oil Company announced the award of five framework agreements totaling $1.83 billion for Directional Drilling and Logging While Drilling.

U.S. shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas production, according to Deloitte LLP.