Hydraulic Fracturing

Output in the U.S. shale patch is “re-booming” this year, with research and data analysis firm Lium LLC forecasting production will surge by more than 1 million barrels a day.

Chevron Corp. plans to increase Permian Basin production by about 10% this year from 2021 levels, among the biggest growth forecasts yet from any of America’s top shale producers.

Far Field Diversion Strategies - Presented by DiverterPlus: Advances in far field diverter materials and deployment strategies have enabled more consistency and greater efficacy in controlling fracture geometry to optimize production and/or minimize cross-well communication during hydraulic fracturing treatments. Employing simple laboratory techniques to determine the proper material composition can greatly improve the performance and economics of far field diverter with minimal impact on operations, while yielding measurable production improvements. Flowback Aids Case Study Unearths Hidden Benefits - Presented by Stepan Oilfield Solutions: The use of flowback aids in hydraulic fracturing is not a new topic, but previous case studies have focused primarily on the resultant increased production. Stepan Oilfield Solutions is taking it one step further. Join us as we discuss the results of a recent set of field trials with Raney Energy and also look at the holistic costs and benefits of using Stepan’s PETROSTEP® ME-2 Flowback Aid.

In this webinar, industry experts Patrick Hayes and Dr. Sudiptya Banerjee will demonstrate the value of using chemical tracers as an essential technology throughout all phases of a reservoir E&P lifecycle with a focus on hydraulically stimulated wells. After outlining the different methods of tracer monitoring and guidelines for tracer selection, the webinar will explore the value proposition for using chemical tracer technology during and after exploration through a series of illustrative case histories. By the conclusion of this talk, attendees should understand how tracers can provide insight into their reservoir and production strategy.

iComplete™ is a fully integrated ecosystem that minimizes complexities using standardized equipment that can be set up for any unconventional well in the world. iComplete™ has 50 percent fewer components, 80 percent fewer connections, reduces OpEx costs by 30 percent, and drives further efficiencies through a digital interface, eliminating human intervention in the red zone. In this webcast, Graham Horn and John Eden will be sharing with the audience how TechnipFMC’s iComplete™ ecosystem is bringing the industry one step closer to a fully autonomous frac pad. This disruptive technology is increasing operation governance through reduced infrastructure, fewer personnel in the red zone and instance-based decision making – removing the manual process required to evaluate status and communicate, as well as the potential for human error.

Today's modern fracturing fleets are expected to deliver the highest level of performance, productivity, efficiency and reliability. E&P's require a diversified fleet which can handle multiple pumping scenarios without having to change equipment or book separate specialized fleets, while also achieving emissions reduction targets driven by ESG goals/initiatives. CUDD Energy Services chose mtu’s 16V 4000 T95 3000HP Tier 4 engine for this reason. Legendary performance, efficiency and reliability – mtu’s experience in the industrial diesel engine market aims to deliver solutions that address service companies expanding needs and challenges in today's market. Join mtu and CUDD to discuss their Tier 4 fleet expansion and learn more about how a single fleet can cover any pumping scenario.

The world’s biggest fracking services provider, Halliburton has deployed the industry’s first grid-powered fracking operation on behalf of Cimarex Energy Co. To date, it’s completed almost 340 stages across multiple wells.

“Opening the shale revolution to the world through the export ban lifting helped shift the global oil market psychology from supply scarcity to abundance,” said Karim Fawaz, director of research and analysis for energy at IHS Markit. “It unshackled the U.S. industry to keep growing past its domestic refining limitations.”

During this 60 minute live webcast, Moderator, Joe D. Woods, President, International Pinpoint, will lead discussion on these topics: 1) “Economic Impact of Comprehensive Zonal Isolation Design during Hydraulic Fracturing of Cementless Completions”, with presenter, Yosafat Esquitin, Business Development Manager – Well Completions, Welltec. 2) “How Registered Biocides Protect Your Assets, Your People and Your Reservoir”, with presenter, Lynn Yakoweshen, Global Business Manager, Stepan Oilfield Solutions. 3) “How High Viscosity Friction Reducers Can Effectively Drive Down Hydraulic Fracturing Costs”, with presenter, Andrew Babey, Business Development Manager – Stimulation, Newpark Fluid Systems.

The slowdown in Permian Basin oil drilling and fracking is spreading to the lenders as austerity takes hold.

The study comes as presidential candidates and activist groups have called for a ban on hydraulic fracturing. Several major candidates have promised to pursue such a ban if elected, and the results would deliver a staggering blow to the economy.

Last month, the UK fracing industry suffered a fatal blow as the Conservative government ended its support for the practice over concern that it causes earthquakes. The move, ahead of a general election set for Dec. 12, effectively bans fracing.

Permian basin frac crews, who are brought in to complete the final stage for creating a new oil well, have dropped 21% so far this year. For all of 2018, frac crews in the West Texas and New Mexico oil fields expanded by 1.3%.

Carbo Ceramics Inc. plunged 47% after warning investors it may fail as a going concern in part because its largest frac-sand customer halted purchases.

Halliburton released its PixStar High-Resolution Ultrasonic Imaging Service, a new logging-while-drilling technology that provides real-time images of the borehole to help operators identify fractures, improve wellbore stability and optimize completion design.

OPEC slashed estimates for the amount of oil it will need to pump in coming years, projecting that its share of world markets will shrink until the middle of the next decade amid a flood of U.S. shale supplies.

Oxy pledged to slash spending by 40% next year after quarterly profit fell short of forecasts due in part to the oil explorer’s $37 billion takeover of Anadarko.

Exxon Mobil and Chevron executives spoke out publicly against the proposals for the first time on Friday, saying they would shift profits from production from the U.S. to other countries, increasing prices for consumers while doing nothing to reduce oil demand or greenhouse-gas emissions.

The move, just weeks ahead of a general election, effectively bans new wells using hydraulic fracturing technology.

Independent shale producer Concho Resources Inc. said it’s tapping federal acreage for drilling now in case the U.S. elects a president who favors a fracing ban.

In previous market slumps, fracers parked unused equipment to await a revival in demand, but this time it’s different: Gear is being stripped down for parts or sold for scrap.