So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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Egypt recently signed its first contract to participate in fracking and plans to drill three horizontal wells as deep as 14,000 feet in Western Sahara fields. Official: Egypt Sets Price for Shale Gas at $5.45 per MMBTU By: Ehab Farouk and Shadi Bushra CAIRO, March 9 (Reuters) Egypt has set the price of shale gas expected to be extracted from a recent concession to foreign firms at $5.45 per million British thermal units (mmBtu), an official at the oil ministry said on Monday. Egypt signed its first contract to extract gas by hydraulic fracturing, or fracking, in a deal with Apache and Shell Egypt in December that includes investments of $30-$40 million, the oil ministry said at the time. The shale gas agreement signed with Shell Egypt and Apache Corporation provides for a price of $5.45 per mmBtu of gas extracted, the official, who declined to be identified, told Reuters. To read the rest of this article, visit Rigzone.
Marcellus shale continues to defy expectations and precedents. With production rates that are distinct from any other shale play seen so far in the U.S., Marcellus is driving U.S. gas production and there is the possibility Marcellus continues to defy expectations, driving US gas production even higher By:UOGR Shale has been the primary driver of US gas supply growth since 2007, and the Marcellus shale has been the largest single contributor to rising production. Marcellus production topped 14.5 bcfd in March and is expected to account for nearly one fourth of all US gas output by 2015, according to a report by Morningstar Inc. The Marcelluss eminent position stems, in part, from the ability of wells in the formation to come online at high initial production (IP) rates and to sustain those rates for longer than wells in other shale formations. Morningstar found the median Marcellus shale well continues to flow at 100% of its initial production rate for its first 6 months. Once
There is a lot of excitement and conversation centered around shale when it comes to oil and gas production, but there still remains some mystery about what shale actually is. In this article, D Nathan Meehan unpacks exactly what constitutes shale and provides clarity to this relevant topic. What is shale, anyway? By:D Nathan Meehan If you are reading this blog you are almost certainly aware of the current level of excitement and enthusiasm surrounding shales. Drilling campaigns for oil and gas in shale plays are underway around the world and production from shale plays represents a substantial fraction of domestic production. Shales are the most abundant types and volumes of rocks in sedimentary basins worldwide. Shales are the most abundant sources of hydrocarbons for oil and gas fields and (due to their low permeabilities) form the seal for many fields. A conventional oil or gas field needs a source, a reservoir (usually porous sandstones or carbonates such as limestone or dolomite),