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  1. EIA counts 5,000 DUC wells in major US shale regions

    Estimates by the US Energy Information Administration indicate the August count of drilled but uncompleted (DUC) wells in the seven major US shale oil and gas-producing regions totaled 5,031, down slightly from the 5,065 counted in July. The new supplement to EIA’s monthly Drilling Productivity Report (DPR) covers inventories in the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian, and Utica regions, where 92% of US crude oil production increases and all US natural gas production increases occurred during 2011-14. The oil-dominant Bakken, Eagle Ford , Niobrara, and Permian regions altogether tallied 4,117 DUC wells, while the gas-dominant Haynesville, Marcellus, and Utica regions counted the remaining 914. In the oil regions, the estimated DUC well count increased during 2014-15, but declined by about 400 over the last 5 months. The DUC well count in the gas regions has generally been in decline since December 2013. In the Permian, where the Baker Hughes Inc. tally of active drilling rigs has risen by 66 since May 13, the DUC well inventory recorded the only August increase of the seven regions, gaining 38 from its July total to 1,348. EIA also projects for the basin’s crude production to rise 22,000 b/d in October from its September total to just fewer than 2 million b/d. Consistent with its recent oil output projections, the Eagle Ford’s DUC well inventory is estimated to have posted the largest decline of the major shale regions in August, dropping 36 to 1,261. For October, oil production is seen falling 46,000 b/d month-over-month and gas production is expected to lose 198 MMcfd month-over-month. At 701, the Niobrara had an estimated 11 fewer DUC wells in August compared with its July tally. A monthly decline of 8,000 b/d in oil production and 60 MMcfd of gas production is expected for October. The Bakken’s DUC well inventory for August was down 4 from its July total to 807. For October, EIA projects a 28,000-b/d drop in oil output and 25 MMcfd drop in gas output. Using its own data, Oslo-based oil and gas consulting service Rystad Energy separately projects a likely decline in US DUC wells over the next 8-12 months, reflecting the commerciality of DUC oil horizontal wells in a steady $40-50/bbl crude oil price environment ( OGJ, Sept. 6, 2016, p. 67 ). In the Marcellus , 642 DUC wells in August were down 16 compared with the July count. Gas output from the shale play is expected to drop 22 MMcfd month-over-month in October to 17.78 bcfd. The Hayneville’s DUC well inventory fell by 2 in August to 143, and its gas output is projected to drop 34 MMcfd in October to 5.81 bcfd. The Utica recorded a 3-DUC well drop in its August count to 129, but its gas production is forecast to rise 2 MMcfd in October to 3.6 bcfd. Contact Matt Zborowski at matthewz@ogjonline.com .

    Online Articles

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    Tue, 13 Sep 2016

  2. BP, CNPC sign second Chinese shale gas PSC

    BP PLC and China National Petroleum Corp. (CNPC) have signed a second production-sharing contract (PSC) for shale gas exploration, development, and production covering a 1,000-sq km area at Rong Chang Bei in the Sichuan basin.

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    Thu, 1 Sep 2016

  3. ONGC seeks to explore India’s unconventional gas basins

    India’s state-owned Oil & Natural Gas Corp. is seeking approval for 17 shale oil and gas exploration wells along the east and west coasts of the country, according to news agency Press Trust of India (PTI). Citing minutes of a recent meeting of the Expert Appraisal Committee (EAC) of Ministry of ...

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    Mon, 25 Apr 2016

  4. API launches new ads promoting America’s shale oil and gas revolution

    The new television, radio, and online campaign will begin this week in select states. 

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    Wed, 21 Jan 2015

  1. How America’s shale oil and gas revolution could loosen Russia's grip on Europe

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    Wed, 2 Apr 2014

  2. Intertek opens Eagle Ford Shale oil and gas laboratory

    The new 2,400 square foot laboratory is located in the heart of the Eagle Ford play south of San Antonio.

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    Thu, 3 Apr 2014

  3. Crestwood Midstream expands Bakken shale oil and gas footprint with Arrow acquisition

    Crestwood Midstream has entered into an agreement to acquire Arrow Midstream Holdings for approximately $750 million.

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    Thu, 10 Oct 2013

  4. Study shows manufacturing renaissance from U.S. shale oil and gas development

    The study by IHS Global Insight expands on IHS’s earlier research into unconventional oil and natural gas.

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    Fri, 6 Sep 2013

  5. Repsol strikes shale oil and gas in Argentina

    YPF an Argentine subsidiary of Spanish company Repsol has found nearly 1bn barrels of oil equivalent (boe) in shale oil and gas in an offshore shale formation in Argentina.

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    Tue, 8 Nov 2011

  6. Enterprise to transport EOG's Eagle Ford Shale oil and gas production

    Enterprise will utilize its existing assets and build additional infrastructure to provide EOG with a full range of value-added midstream services for its Eagle Ford production, including crude oil transportation, storage and exchange; natural gas transportation, treating and processing; and ...

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    Thu, 2 Sep 2010

  7. Capstone Turbine Receives Follow-On Order for Fifteen C65s from Horizon Power Systems

    Capstone Turbine Corp. received an order for 15 C65 microturbines for shale oil and gas customers in the United States.

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    Fri, 30 Jan 2015

  8. Shell, Total to invest with GyP to develop shale projects in Argentina

    Royal Dutch Shell Plc and Total SA will invest $550 million with Gas y Petróleo del Neuquén SA (GyP), an energy company owned by the Argentine province of Neuquén, to develop two shale oil and gas pilot projects, according to a Reuters report.

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    Tue, 2 Dec 2014

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