Well Intel

As the search for new drilling opportunities in the Permian Basin continues, more operators are investigating lesser-developed formations and the basin’s outer edges. While the Spraberry and Wolfcamp...

In the ever-evolving landscape of the oil and gas industry, the echoes of transformative change resound through the recent surge in merger and acquisition activity. Since October 2023, the sector has...

This year marks the 100-year anniversary of commercial field development in the Permian Basin with the successful discovery of Santa Rita No. 1 in May 1923. Then, in the early 2000’s a new...

Introduction

Wireline logs are a fundamental aspect of subsurface property characterization. However, economic constraints often limit data acquisition from specific logs or depth intervals, resulting in...

In “Supply Shortage in the Making”, we discussed US oil and gas production outlook in 2021 amid growing concerns of a potential domestic supply shortage. One aspect that will have a direct impact is...

As global economies gradually emerge from the Covid-19-induced contraction, the U.S. Energy Information Administration (EIA) estimates an increase in global oil demand of 6% in 2021. The supply side,...

When it comes to shale drilling, staying in zone is paramount for any drilling engineer and geosteerer. The higher the percentage of a wellbore “in zone,” the better its performance. Well logs and...

In a widely publicized report from October 2020, the non-profit organization Carbon Tracker estimated there are over 2.6 million US onshore wells that are abandoned or orphaned and need to be plugged...

TGS collects well performance data for every well in the United States, Canada, and Mexico, including production history starting in the 1920s and production forecasts tied to completions.

The Permian is typically known to be the powerhouse of Texas oil and gas production, and while unconventional drilling and completions have unlocked massive amounts of hydrocarbons, they’ve also...

ARLAS, Analytics Ready LAS, built from the world’s most extensive digital well logs library, has hit the ground running in 2020! TGS started 2019 with zero predicted well logs in inventory but made...

The Heritage Field in Northeast British Columbia has emerged as one of the more successful unconventional plays in Canada. While the field was originally explored in the mid-1980s, development really...

The Williston basin, trending across North Dakota, Montana, and into Canada, has been a historically strong producer back to the early 1900s and has experienced a renewed focus due to the shale boom...

While it is well-known that log data can be used to constrain prestack depth migration (PSDM) model building, it is much less-appreciated that machine-learning (ML) can be leveraged to augment the...

The economic impacts of the pandemic and ensuing recession in the first half of 2020 are not yet entirely clear. Capital markets are showing signs of recovery, but consumer demand will likely lag for...

As a continuation of the Well Intel series, we’re investigating the effect of temporary shut-ins on well performance. Shutting in wells is one of the more drastic approaches to take in response to...

The history of the oil industry in the US is riddled with large up and down swings. When times are good there is heavy investment in exploration, drilling, and asset development. When the industry...

With oil prices remaining highly volatile there are many forecasts and predictions circulating in the public domain. While many of these forecasts and predictions rely on uncertain assumptions about...

A certain amount of volatility is baked into the oil industry; boom and bust cycles are to be expected when investing in this sector. However, the confluence of events that have occurred in the first...