Distributing accurate payments to mineral and royalty owners, joint venture partners and other stakeholders in a well is essential to an operator’s reputation and legitimacy. Blockchain-based smart contracts can help operators send payments out quickly, reliably and efficiently.
As in virtually every other facet of the economy, supply chain costs are set to increase for U.S. oil and gas projects, with the engineering, procurement, construction and installation (EPCI) segment being the first to record a double-digit percentage hike in costs, a Rystad Energy report forecasts.
HOUSTON–With a lineup of speakers and contributors that includes energy industry executives, international policymakers, scholars and media professionals, the 23rd World Petroleum Congress–scheduled for Dec. 5-9 at the George R. Brown Convention Center in Houston–promises to be a particularly epic installment in one of the global oil and gas industry’s foremost events.
Technological Innovations Drive New Capabilities In 3-D Acquisition, Interpretation
November 2021 Markets & Analytics
Over the past several years, the geophysical sector has been impacted by a series of “disruptive changes,” some more momentous than others. But there is little doubt that unconventional resource plays are at the top of the list of high-impact changes.
If the Appalachian Basin were its own country, it would rank as the world’s third-largest producer of dry natural gas. And with natural gas benchmark prices popping to the highest levels in years in both the U.S. and international markets, Appalachia is suddenly back in the spotlight as Old Man Winter prepares to come calling.
In worst case scenarios, wellbore integrity failures can be catastrophic for a company’s reputation and the industry’s license to operate. Rare as those scenarios are, the repair costs and inefficiency associated with more routine integrity issues, such as breaching casing collars during perforating, can erode a well’s profitability.