Halliburton recently completed a horizontal well with multistage hydraulic fracturing at a depth of 4400 meters in the Neuquén Basin of Argentina. According to their press release it was the first horizontal gas shale well and the deepest shale gas well in South America. The well was drilled for Apache Corporation.
More at the Halliburton.com website.
The Deep Carbon Observatory is an initiative dedicated to achieving a transformational understanding of Earth’s deep carbon cycle, including its poorly constrained reservoirs and fluxes, the unknown role of deep biology, and unexplored influences of the deep carbon cycle on critical societal concerns related to energy, environment and climate.
Chad Deaton, CEO of Baker Hughes, Inc. reports that the demand for hydraulic fracturing and horizontal drilling services is currently so high that oilfield service companies are unable to schedule all of the jobs. More at NASDAQ.com.
The Texas Railroad Commission’s Rule 37 is the subject of an editorial in the Fort Worth Star-Telegram. The author explains how this rule that regulates the spacing of oil and gas wells seems to be used to as a way to avoid dealing with Barnett Shale holdout landowners.
To improve their income many natural gas companies are moving to shale oil plays where the hydraulic fracturing and horizontal drilling strategies that worked for natural gas can be adapted to produce oil. More at Bloomberg.com.
A rock layer below the Marcellus Shale could prove to be another incredible source of natural gas. The Utica Shale is thicker, more geographically extensive and has already proven its ability to support commercial production.
