February 2017 Exclusive Story
EIA Projects Stronger Natural Gas Prices
What’s in store for U.S. drilling, production and midstream activity in 2017? All the leading indicators are pointing up. Independents are steadily putting more drilling rigs to work while ramping up field development and midstream projects. And with a “buy America” theme for new pipeline infrastructure, the drivers underpinning the industry recovery appear firmly in place.
The International Energy Agency forecasts an increase in 2017 global oil demand of 1.4 million barrels a day, continuing a multiyear pattern of consumption growth. Meanwhile, world supply fell by 600,000 bbl/d in December alone, before the OPEC-led production cuts. The industry is in full-court recovery mode even at today’s $50-$55 oil and $3 natural gas prices. Crude prices should continue to rise now that the global market is balanced. Domestic natural gas demand from power generation and petrochemical plants is soaring, and U.S. LNG exports are beginning to fly. It’s America’s time again!
Gas Production & Processing
The U.S. EIA projects increasing natural gas prices in both 2017 and 2018, thanks to expanding consumption across all key sectors. The industry’s attention is back on optimizing gas and liquids recovery from multiphase production flows in the vast Permian and Cana Woodford, as well as shale gas drilling in the Haynesville! Special reports look at treating and processing dynamics, and the latest technologies to optimize recovery rates in rich gas and tight oil plays. Guest authors also reveal revolutionary methods for tracking multiphase flow compositions, and present a case study of the flexible “dual-mode” processing trains at Anadarko’s new Lancaster plant.
Midstream Infrastructure & Emissions Solutions
Even after more than a decade of concerted infrastructure build-out to accommodate growing U.S production, experts say the industry will need to invest billions of dollars in new natural gas, crude oil and NGL infrastructure. Special reports examine the next round of midstream infrastructure projects, and look at the latest technological developments in emissions compliance, including next-generation natural gas-fired engines, electronic controls, and bifuel equipment.
Unconventional Resource Science, Part III
Operators have revolutionized the economics of shale plays. Part III of the Unconventional Resource Science series presents best practices identified by leading independents for developing shale assets, including lateral lengths, completion designs, and proppant volumes. Experts also present the latest research on using artificial intelligence and machine learning to characterize ultralow-permeability reservoirs, and explain how in-field geomagnetic referencing tools are improving lateral spacing on multiwell pads.
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