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Significant Upside Potential for Enhanced Oil Recovery
“Rigzone” reports that consulting group Wood Mackenzie predicts that enhanced oil recovery (EOR) advances could add an additional 1.5-3 million barrels per day by 2030, an increase of 25%, according to their latest analysis. While this technology is not commercially available today, it is currently being tested by operators like EOG in the Eagle Ford… Read More
Can the U. S. Shale Revolution be Replicated?
According to Morgan Stanley Research, the answer is “Possible, but not likely”. In their Commodities Fall Symposium, the investment firm concedes there are many shale deposits around the world, but a repeat of what we have seen in the U. S. is improbable, especially in this decade. Geology, human capital, infrastructure, drilling expertise and industry… Read More
North Dakota Oil Production Might Decrease due to Flaring Regulations
Flaring of natural gas associated with oil production is an acute problem in the Prairie State. Worldwide, about 3% of produced gas is flared; in the U. S. it is less than 1%. In North Dakota 36% of gas was flared, but that figure has been reduced to 26% due to new state regulations. “Rigzone”… Read More
Studies Find No Water Pollution from Fracking
According to a recent article in “Rigzone”, two different studies recently concluded that fracking, per se, does not pollute aquifers. Both studies were conducted in the Marcellus shale in Pennsylvania. The DOE monitored fracking fluids from six wells for eighteen months using tracer fluids, seismic monitoring and other tests in the most detailed public report… Read More
Unconventional Production to Boost U. S. Energy Exports
HSBC’s Global Connections Trade Forecast anticipates a 5% per year increase in U. S. Energy exports through 2030, according to an article in “Rigzone”. Petroleum imports are expected to drop from 12% to 5% over the long term as well. Emerging markets with limited oil and gas reserves and refining capacity will be a major… Read More
