Sentences with phrase «tight oil formation»
Geological conditions for continental tight oil formation and the main controlling factors for the enrichment: A case of Chang 7 Member, Triassic Yanchang
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The Acquisition and Development of Shale Gas and Tight Oil Formations and Related US LNG Export Policies
Not exact matches
Hydraulic fracturing or «fracking» involves injecting liquids, sand and chemicals under high pressure to break apart tight rock formations underground to allow more oil and gas to escape into the well.
Papa, CEO of Centennial Resource Development, is a closely followed figure in the U.S. shale drilling world, where producers rely on advanced techniques to coax oil and gas from tight rock formations.
This parched patch of land, under which lies the largest oil - producing rock formations in the United States, is the epicenter of a growth binge that shows just how tight the link remains between low unemployment, rising wages, and upward pricing pressure.
ARC Energy Research Institute forecasts $ 30 billion will be spent in conventional and tight oil and gas formations in Canada this year, which is more than twice the $ 12 billion in investment projected to go into the oilsands, but still well below the peak of $ 46 billion spent in Canadian conventional oil and gas production in 2014.
Of the 800,000 b / d increase in actual field production of crude oil, almost all of the gain has come from shale and other tight formations that horizontal fracturing methods have only recently opened up.
The recent growth in unconventional oil production from the Bakken (North Dakota), Eagle Ford (Texas) and other tight oil plays has drawn attention to the potential of shale in California's Monterey Formation.
Fracking (hydraulic fracturing) rock fracturing with pressurized liquid creating cracks in deep - rock formations through which shale gas, oil, tight gas and brine will flow more freely... major part of the Golden Age of Gas
Industry innovators took a process used for more than 60 years, modernized it and married it with it with advanced horizontal drilling to safely unleash previously inaccessible oil and natural gas reserves from shale and other tight - rock formations.
Hydraulic fracturing is modern technology, safely and responsibly developing vast reserves of oil and natural gas from shale and other tight - rock formations.
Hydraulic fracturing is a modern technology, safely and responsibly developing vast reserves of oil and natural gas from shale and other tight - rock formations.
The U.S. shale oil boom is becoming its own worst enemy, say industry analysts, who see the supply glut pushing the price of oil so low it may become uneconomical to pry petroleum from those tight rock formations.
Because of the expansion of safe, advanced hydraulic fracturing and horizontal drilling in the past seven to 10 years, oil that was locked in shale and other tight - rock formations now is accessible at a cost that's economical for producers.
The revolution is a shale energy / fracking revolution, carried along by the combination of modern hydraulic fracturing and advanced horizontal drilling that unlocked vast reserves of oil and natural gas in shale and other tight - rock formations.
The shift is the result of surging oil and natural gas production using advanced hydraulic fracturing and horizontal drilling, harnessing oil and gas reserves in shale and other tight - rock formations.
Tight oil plays, mostly from shale formations, accounted for 33 percent of all the crude oil and lease condensate proved reserves.
Comparison of the 2011 and 2013 reports ARI report coverage 2011 Report 2013 Report Number of countries 32 41 Number of basins 48 95 Number of formations 69 137 Technically recoverable resources, including U.S. Shale gas (trillion cubic feet) 6,622 7,299 Shale / tight oil (billion barrels) 32 345 Note: The 2011 report did not include shale oil; however, the Annual Energy Outlook 2011 did (for only the U.S.) and is included here for completeness.
Second, while the 2011 report focused exclusively on natural gas, recent developments in the United States highlight the role of shale formations and other tight plays as sources of crude oil, lease condensates, and a variety of liquids processed from wet natural gas.
That projection — almost unimaginable less than a decade ago — results from the energy revolution, in which private investment and private producers are accessing vast quantities of oil and natural gas from shale and other tight - rock formations, safely and responsibly, via modern hydraulic fracturing and horizontal drilling.
«The increased exploration and development spend we're seeing in this year's study speaks to the incredible opportunity unfolding in tight oil from shale formations and the high cost of developing these unconventional resources.»
High - volume hydraulic fracturing has been combined with horizontal drilling over the past decade to force oil and natural gas out of shale and other tight geological formations by fracturing the rock with high - pressure injection of water, sand, and chemicals.
What we're seeing, of course, are the positive supply impacts of the U.S. energy renaissance — dramatic increases in domestic oil and natural gas production over the past several years, thanks to the safe development of shale and other tight - rock formations using hydraulic fracturing and horizontal drilling.
Significantly, the department concludes what a number of other states have found and are demonstrating — that advanced hydraulic fracturing and horizontal drilling to develop natural gas and oil from shale and other tight - rock formations can be conducted safely and efficiently.
Hydraulic fracturing is an essential process used in the development of unconventional resources, such as gas shale, shale oil and other tight formations.