Coming Next Month
Data from the International Energy Agency indicates that global oil supply is set to fall by 12 million barrels
per day by the end of May. Extensive cuts from OPEC and the swift reaction from American and other producers to arrest the freefall in crude prices is unprecedented. Meanwhile, estimates of demand destruction are falling
as rapidly, from as high as 30 MMbbl/d at the height of the pandemic in early March to a projected December shortfall of only 2.7 million barrels. Now is the time to assess the way forward.
June 2020 AOGR
A popular metric early on was that while OECD industrial output and consumer spending could rapidly reach 80 percent of pre-pandemic levels, it would be a gradual uphill climb from there. Yet IHS Markit says Chinese oil demand reached the 90 percent demand milestone in April. The June issue looks at the macroeconomics of global oil supply and demand, as well as the increasing likelihood of a return to healthy markets for domestic natural gas as the result of myriad dynamics.
Water Recycling & Logistics
To save money and minimize their need for water, producers are deploying increasingly sophisticated treatment systems so they can reuse produced water in completions and waterfloods. In fact, many companies recycle every drop they bring to surface. But as completion activity has fallen, producers often have more water on hand than they need in basins such as the Permian and Eagle Ford. The June issue explores the clever techniques to keep this resource usable until activity rebounds.
Artificial Lift & Automation
Implementing automation throughout upstream and midstream operations, from daunting multiphase shale production to complex and capital-intensive offshore operations, requires state-of-the-art artificial lift and automation technologies. The June AOGR shows how one operator is leveraging automation and next-generation valve actuators to optimize artificial lift systems, control water flow, and simplify custody transfer so the producer can deliver oil to the sales line at a lower cost.
Oil & Gas Computing
The best field and back-office computing software turns time-consuming tasks into fast processes that gives producers the information they need to make sound decisions. Advanced applications also provide new insights into improving financial positions and realizing operational opportunities. Today, scalable computing is more affordable than ever. The June issue highlights proven solutions while offering advice on software selection and implementation.
The extended deadline is June 5th for June ad files.
Please call 1-800-847-8301 to reserve your space today!