Halliburton introduces well design, placement solution

Halliburton launched recently its Drilling Engineering Solutions (DES) service. As drilling complexities increase, the need for comprehensive solutions continues to grow. DES provides fully integrated, custom-engineered solutions to optimize well design and placement - rom high volume wells to complex environments.

DES combines expertise and experience across multiple Halliburton product service lines: Sperry Drilling, Baroid and Halliburton Drill Bits and Services, and is powered by Landmark Software. The DrillingXpert proprietary solution delivery platform allows DES teams to design an entire performance drilling system on a single platform.

The DrillingXpert platform is built on Landmark’s DecisionSpace Well Engineering software and the Engineer’s Data Model (EDM) application, a well data management solution. Utilizing the widely deployed DecisionSpace platform allows DES to exchange drilling technical information readily and more efficiently.

The core of the DES solution delivery is the Drilling Engineering Solution Centers (DESCs), which provide engineering, monitoring and support.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

Midland-based Mexco Energy to drill Wolfcamp formation

Mexco Energy has announced plans to drill certain oil and gas properties in the Permian basin. The company will participate as a working interest owner in a joint venture for seven horizontal wells developing the Wolfcamp formation on a 1,125-acre property in Reagan County.

These wells are to be drilled during 2014 using horizontal drilling and multistage fracture stimulation. Mexco Energy' s estimated costs in this development for its approximately 0.57% working interest (0.49% net revenue interest) are $350,000.

The Wolfcamp formation in this area is approximately 1,700 ft thick section consisting of interbedded organic shales and carbonates. The Wolfcamp formation in this area includes two reservoir units, the "A" and "B" benches that have both been successfully developed with horizontal wells.

Typically, offset drilling units have been developed with 1.5-mi laterals at 1,300-ft well spacing in each bench. The completion programs for the proposed wells are designed with 50 fracture stages at a total measured depth of 15,000 ft, including the horizontal portion.

In this area, Mexco has various interests in six horizontal wells and 276 vertical wells in adjacent Reagan and Upton Counties. Mexco' s net revenue interests in these wells range from .013% to 1.558% where there is potential for further horizontal development.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.

News from IHS CERAWeek 2014: BHP sees world lagging U.S. in shale for foreseeable future

BHP Billiton expects the U.S. to maintain its lead in shale development for some time. “The shale-gas revolution is unlikely to go global quickly,” CEO Andrew Mackenzie said at the IHS CERAWeek energy conference in Houston. “We are unlikely to see gas replace coal globally at the scale and pace seen here in the U.S.”

Hydraulic fracturing and horizontal drilling have unlocked shale deposits of oil across the U.S., and drilling efficiency has helped boost rig yields to record volumes from the Permian to the Bakken play. The U.S. met 86% of its energy needs in the first 11 months of 2013, the highest level since 1986, data from the Energy Information Administration show.

Too many unknown factors make it “impossible to forecast” when the rest of the world will catch up to shale development in the U.S., Mackenzie said in an interview after his presentation.

“You don’t have anything like the complex gathering and distribution systems” in the U.S, he said. “It’s kind of tough to think how you could transport that to a part of the world which has not had a gas industry before.”

BHP holds more than 1.5 million acres in the Eagle Ford Shale and the Permian Basin of Texas, the Haynesville Shale of Louisiana and the Fayetteville Shale of Arkansas, according to a Dec. 10 presentation.

The U.S. holds the world’s second-largest amount of recoverable shale oil and the fourth-largest of shale gas, according to the EIA.

Providing useful resources, articles and writings on crude oil, other petroleum products, energy and gas. By O'Niel Petroserve Nigeria Ltd, online.