Variable-frequency drives (VFDs), allow a much wider operating range on selected electric submersible pump (ESP) equipment than might otherwise be possible. This can be beneficial when an ESP is installed in a new well where the production range is uncertain. Source: News
China tight reservoirs perform better over time through MSF
Network fracturing horizontal wells is efficient at the beginning of production but its advantage over multi-stage fracturing diminishes over time. Source: News
MARKET WATCH: NYMEX oil prices end 2015 down for second consecutive year
Light, sweet crude prices for February on the New York market gained modestly on Dec. 31, 2015, to settle above $37/bbl, but US oil futures prices ended the year down about 30%. It was the second consecutive year that oil prices fell on the New York market. Source: News
New analysis unifies reservoirs in northeastern Sichuan basin
Recent exploration and development of the Carboniferous system in the northeastern portion of China’s Sichuan basin has improved the data available to researchers. Further study is providing solutions to problems of identifying connectivity within the region’s gas reservoirs. Source: News
Stealing the show
At the start of a presidential election year, with the US facing fateful energy decisions and a still-populous slate of mostly smart and articulate contenders for the Republican nomination pounding issues hard, Donald Trump’s biological insults of Democratic front-runner Hillary Clinton captivate news. Good grief. Source: News