Title : Thursday, December 7, 2017
link : Thursday, December 7, 2017
Thursday, December 7, 2017
"Pearl Harbor Day."Jobs report: link --
- prior: 238,000
- consensus forecast: 240,000
- actual: pending
- 4-week average: 242.25K
GE to cut 12,000 jobs in power business revamp: link here at Reuters -- mostly French, German, Swiss. GE rival Siemens is cutting about 6,900 jobs (about 2% of its global workforce)
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Back to the Bakken
Active rigs:
| $56.09↓↓ | 12/7/2017 | 12/07/2016 | 12/07/2015 | 12/07/2014 | 12/07/2013 |
|---|---|---|---|---|---|
| Active Rigs | 53 | 39 | 64 | 188 | 193 |
RBN Energy: E & Ps face challenges in managing "last mile" logistics.
With frac sand use — and costs — on the rise in the Permian, a number of exploration and production companies (E&Ps) are becoming more involved in managing sand acquisition and logistics. It’s not an easy job, because even though a greater share of the frac sand used in Permian wells is expected to come from local, West Texas sand mines in the coming year, those “last mile” logistics — the delivery of sand by truck from the mine, plus unloading and storage of sand at the well site — are especially complex. Today, conclude our series on frac sand with a look at the challenges E&Ps face when they assume supply chain responsibility for sand.
E&Ps in the red-hot Permian and other U.S. shale and tight-oil and gas plays have had remarkable success the past few years in ratcheting down the cost of drilling and completing new wells and to increase hydrocarbon production per well. And, as they have gained a more nuanced understanding of their hydrocarbon resources, producers and their pressure pumpers have been implementing increasingly sophisticated and well-specific completion strategies to wring ever-increasing volumes of crude oil, natural gas and natural gas liquids from their wells. These gains have been particularly significant in the Permian, where E&Ps have largely figured out how to optimize production from the region’s multiple, stacked pay zones. Two key elements of their success, which we described in Faster Horses, are drilling longer horizontal wells or laterals (now often 7,500 or 10,000 feet, and sometimes longer) and intensifying completions with the use of more pressure, more frac sand per linear foot of lateral and more frac stages.Geology, the Devonian: a few items over the past few days have mentioned the Devonian. I'll probably re-post this at a stand-alone post, but I don't want to lose the link, so here it is:
- Overview of the petroleum geology of the North Dakota Williston Basin, North Dakota Geological Survey, undated, but appears to have been written in 2000; previously posted
Thus Article Thursday, December 7, 2017
That's an article Thursday, December 7, 2017 This time, hopefully can give benefits to all of you. well, see you in posting other articles.
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