Upstream FIDs to Increase In 2024
Major Upstream Projects
As many as 30 upstream projects larger than 50 million barrels of oil equivalent could reach final investment decision in 2024, an increase from 22 in 2023, according to a new report from Wood Mackenzie. As the number of projects rises in 2024, Wood Mackenzie suggests project break-evens will fall, with an associated rebound in returns.
Industry Representatives Are Scrutinizing BLM Waste Rule
BLM Waste Rule
The U.S. Department of Interior’s Bureau of Land Management finalized another methane-focused rule. Groups such as the Western Energy Alliance and the American Petroleum Institute indicate they are combing through the Waste Prevention Rule.
Diverse Strategies Characterize Companies Focusing On Williston Basin
April 2024 Cover Story
Like North Dakota’s legendary weather, the Bakken/Three Forks is a challenging environment by any measure. But while the geology is complex and the operating challenges can be tough to deal with at times, the Williston Basin holds substantial incentive in the form of premium light, sweet crude oil reserves.
Robust BHAs And Better Bits Drill Faster And Farther
April 2024 Editor's Choice
U.S. oil production continues to set records with fewer rigs as rates of penetration increase, nonproductive time falls and laterals reach as far as four miles. Whether these gains originate from novel ideas or gradual refinements to proven concepts, they are delivering step changes in performance.
Federal Frustrations Don’t Foil Texas
April 2024 Markets & Analytics
In the face of market swings, challenging federal policies and political posturing, Texas oil and gas producers prefer to look on the bright side: The industry is pumping billions into the Lone Star State’s economy, creating jobs and meeting rising global hydrocarbon demand as naysayers tout what some analysts insist is a fictious “energy transition.”
Digital Insights Boost Consistency Of Completion Operations
April 2024 Frac Facts
Like drilling crews, completion teams are getting faster and smarter. By leveraging digital technologies to scrutinize every step of the process, from completion design to proppant delivery, pump maintenance and wireline procedures, they are slashing nonproductive time and putting more proppant down hole.
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