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Onshore Advances

Weir launches Simplified Frac Iron System, Pressure Control Intelligent System

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Weir Oil & Gas, a provider of pressure pumping and pressure control equipment and services, announced its latest innovations – the Simplified Frac Iron System and the Pressure Control Intelligent System – at the 2017 OTC in Houston. Both technologies were created in response to operator demand for technologies that allow them to be competitive in a lower oil price environment, according to Weir...

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OriginClear to test water treatment solution at Sinopec shale gas site in Chongqing, China

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OriginClear, a leading provider of water treatment solutions, announced its partnership with a regional organization in the Chinese province of Shandong for remediation of a shale gas site operated by the government-owned Sinopec Group, Asia's largest oil and gas company, and the second largest in the world, as listed in the Fortune Global 500...

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Newfield’s oil well breaks record 24-hour peak, 20-day average oil production rates

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Newfield Exploration Company‘s STACK (Oklahoma’s Sooner Trend oilfield, Anadarko Basin, and Canadian and Kingfisher counties) well recently achieved record oil production, according to the company’s recently disclosed results. Newfield has also raised expectations for its Q1 2017 domestic production. The Burgess well (4,859-ft lateral length), located in Kingfisher County, Okla., and the heart of the company’s 300,000 net STACK acres, achieved a 24-hr flow rate of 2,931 bbl of oil equivalent per day (BOEPD) (69% oil) and a 20-day average rate of 2,492 BOEPD (70% oil). When compared against publicly available industry data, the Burgess achieved record 24-hr oil production per 1,000 ft of gross perforated interval (1,000 ft GPI), or 417 bbl of oil per 1,000 ft GPI. The well also had a record 20-day ...

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Extended life, quicker make-up and gas tightness among key innovation areas as operators seek larger tubulars, lower costs of ownership

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In a market where operators and drilling contractors alike are analyzing every nickel and dime in their operations, drill pipe manufacturers must ensure tubular technologies are providing the required performance at an accessible cost. “What we’re doing right now is helping companies to reduce their cost of ownership,” said Guillaume Plessis, Director of Global Marketing for Grant Prideco, a National Oilwell Varco (NOV) company. “We will still see optimization of the product, but we also want to make it a very affordable possibility.”

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