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North Dakota to Exceed 1 Million Barrels per Day
In an interview with “Rigzone”, Lynn Helms, director of the North Dakota Department of Mineral Resources, indicated that North Dakota will have produced over 1 million barrels of oil per day (bopd) once April’s production statistics are finalized. This will be a new record for the state. In March the Bakken/Three Forks shale alone produced… Read More
Produced Water Recycling Breakthrough?
“Rigzone” reports that California based research and development firm, OriginOil, appears to have developed a very promising technology. The new Electro Water Separation process will remove oil particles, suspended solids and bacteria from both frac blowback and produced (formation brine) water. This continuous, chemical free and low cost method of water treatment consists of two… Read More
EIA Predicts Shale Oil Production Increase
“Rigzone” reports that the U. S. Energy Information Administration (EIA) predicts shale oil production will increase approximately 75,000 barrels of oil per day (bopd) per month during May and June. The largest increase, 26,000 bopd per month, is projected for the Eagle Ford Shale in South Texas, bringing the June rate to 1.4 million bopd. … Read More
Horizontal Wells: Pooling vs. Allocation
Marsha Breazeale with Contango Oil Company made an excellent presentation on this topic at the April meeting of the Houston Association of Division Order Analysts. The following is taken from her remarks, and is a simplified overview. As such, this is not intended to serve as legal advice or accounting policy. Rather, the intent here… Read More
BP Downsizing as Part of Lower 48 Onshore Strategy
Earlier this year BP announced its plans to split Lower 48 onshore operations off into a separate unit. The stated objective was to sharply focus on shale and other unconventional plays. The new organization is planned to be more nimble and able to react quickly with faster decision making and less bureaucracy. “Rigzone” reports that… Read More
