Issue: July 2022
Features
The political heat finally got to be too much for a host of members of PM Boris Johnson’s government, as well as other Conservative MPs. The movement to force Johnson out of his role as UK Prime Minister gained critical mass over the last several days, culminating in Johnson’s announcement on Thursday that he would resign.
A pump protection assembly has proven to safeguard pumps from sand and extend ESP run life in unconventional wells. This solution controls flowback from frac sand and other solids that can lead to overload and shutdowns. The enabling technology eliminates issues related to particle size distribution uncertainty.
In seven years, BKV Corporation has become one of the top 20 gas-weighted natural gas producers in the United States and the largest natural gas producer in the Barnett Shale.
Industry CEOs should be prioritizing customer value above all else.
After improving considerably during first-quarter 2022, E&P activity in the southwestern U.S. grew further in the second quarter, hitting its highest level in the Dallas Fed survey’s six-year history. However, cost escalations and supply chain issues are major problems.
Pay-to-play time is likely nigh in Guyana, as the tiny nation appears poised to flex the economic muscle that comes with the rapid ascension from an obscure extra to a starring role on the world petroleum stage.
Over the past year, liquefied natural gas (LNG) prices reached an all-time high. An analysis of the data identifies key insights into the implications for the LNG industry for 2022 and beyond.
Special Focus: Permian Basin Technology/Shale Technology
Predicting sand erosion, using computer simulation, and exploring ways in which the reliability of the predictions has been enhanced, leading to safer, more efficient operations.
The Permian produces billions of barrels of highly saline water every year. Water management must be optimized to facilitate the projected increase in oil and gas production in the coming years. However, new regulations related to induced seismic activity pose major headwinds to water management and production growth.
Oilfield electrification has become increasingly important over the last several years, as E&P companies invest in long-term infrastructure in shale play holdings to help achieve net zero goals.
Columns
In the category of not throwing rocks, while SEG and AAPG waived formally merging, the two societies are, for the first time, in their respective histories co-sponsoring their annual conventions/conferences during the same week, at the same facility, in Houston this fall.
Although the call for significant change and transformation of the oil and gas industry was underway prior to the Covid-19 outbreak, the drive to develop new technology to increase efficiency, lower costs and reduce GHG emissions was accelerated by the pandemic.
Faced with oppressively high prices at the pump and escalating energy costs that negatively impact our daily lives, one must wonder: what can be done to rectify this situation?
We refer to things like poor, deliberately counterproductive energy policies in some countries; a lack of manpower resources from which to draw more technical talent; supply chain problems; shortages of certain raw materials; and inflationary costs for just about everything. Yet the pace of new technology development remains strong.
On June 30, 2022, the U.S. Supreme Court ruling in the case of West Virginia vs. the EPA caused a panic amongst anti-oil activists. Some consider this the beginning of an ESG rollback, but I believe this is an overreaction.
After years of operating on beer budgets, service and supply companies have every reason to uncork the champagne these days. However, the Dom Pérignon may have to remain on ice for now, as bright prospects run headlong into near-record inflation, supply chain bottlenecks, repercussions from the Ukrainian war and China’s Covid-induced lockdown.
Resources
Despite rising interest rates and fear of economic recession, crude prices climbed in July, as the war in Ukraine continued to restrict Russian supply. WTI surged 4.8%, hitting $114.84/bbl, with Brent trading at $122.71/bbl, up 8.3% compared to May.
