Mike Kelly

While the world consumes itself with theories of conspiracy, shall we momentarily turn our attention back to hydraulic fracturing? In the frac world, US land dwarfs all other regions, but consider the following two graphs which show our firm's estimates of frac revenue for each service company in US land and International 2010 - 2023. Not included here is Canada. Sorry Canada...I'll be there on Thursday and will apologize in person. During the last 15 years or so, international frac spending has bumped up against $5B most years, cycling down when the world was awash in oil. Meanwhile, US frac spending gyrated from $9B to $35B...but now that E&Ps have discovered financial discipline, we see stability at just under $20B per year. In our frac report you'll read that 2024 and 2025 continue these trends - international frac is up just a bit and US land frac is down just a bit. Takeaway: US Land frac market is good enough and stable. International is good and rising slowly. A well run frac service company in 2024 and 2025 should be able to make a lot of money while providing a great service at a fair price for its E&P customers.

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Our PetroFlow frac nano surfactant is at the top of the list when it comes to well performance! Just look at the results below. Check out this 3rd party chart, from the Enverus website, comparing the performance of wells based on surfactant usage for one of our customers. Notice the yellow circle (signifies Nitro-Lift) versus 4 of our competitors. There is no comparison in 12 months of production! Our wells are in the top performance tier. In fact, for the first 12 months of production, we are the ONLY wells in the top performance tier. Also, notice the nonexistent decline curve! These wells came in producing more oil and have continued to do so! PetroFlow aids in the reduction of skin damage thus extending the life of the initial production flow! If you're looking to get the best results possible from your well, you have to have PetroFlow! Results speak for themselves. Contact me today and let's discuss doing business! As always, your business is greatly appreciated. I look forward to hearing from you! Ricky Peoples Jr Ricky.Jr@nitrolift.com 1-580-221-0845 #frac #Fracturing #surfactant #fracsurfactant #results #performance

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The WSJ writes—and as EnergyPoint Research further discusses in a separate post on its account—satellite and other data reveal the impact of oil and gas drilling on the Permian Basin’s landscape. What operators and researchers are most concerned about are forces pushing the ground up. A growing concern for residents and scientists is that wastewater from disposal wells could migrate into the aging, unplugged wells that litter the Permian by the thousands and contaminate drinking-water supplies or shoot to the surface, where the fluids could damage ranchland. As background, alongside crude, oil-and-gas companies are extracting gargantuan amounts of subterranean water—in the Delaware Basin, between five and six barrels of water are produced, on average, for every barrel of oil. To dispose of it, they inject billions of barrels of wastewater into underground disposal wells. Operators inject most of the water down wells that reach about a mile under the surface, which is convenient and relatively cheap. Drilling clusters of injection wells means companies don’t have to build expensive pipelines to link disposal sites together. Oil execs say the issue of water disposal is having an impact on their bottom line, driving up the costs for new wells. One reason is that concentrated volumes of water increase pressure underground, which then makes it more difficult for companies to drill down through those levels to shale rocks. Operators also fear that, if left unmanaged, these developments could dent local support for their activities. “Produced water management is probably one of the, if not the biggest, challenge in the Permian,” said Cody Comiskey, an earth-science adviser at Chevron. With shrinking options to discard wastewater, crude producers have to get creative. Some are looking for lower-risk formations to inject water into and ways to treat water so it can be reused for agriculture. Whether these efforts will pass regulatory muster or how much they will cost remains unclear. “There’s just no silver bullet,” Comiskey said. The volume of briny, polluted water that companies have to handle has skyrocketed. In 2013, companies discarded about 382 MM barrels of water. Last year, they injected about 3.4 B barrels of water down disposal wells. The Earth is noticing. The number of earthquakes in the Permian with magnitudes greater than 2.5 jumped from 42 in 2017 to 671 in 2022, per B3 Insight. In late 2022, a 5.4-magnitude earthquake in Reeves County. Texas regulators have imposed restrictions on injection volumes in the region, and the number of magnitude-3.5 earthquakes and higher has come down. In a related note, there's an emerging issue—and growing sense of urgency—around the need to improve methods used by the industry to estimate bottom-hole pressures of disposal wells. In the comments of this post, we've posted a link to an video on the issue from EnergyMakers Advisory Group. We recommend watching it. 🛢️💦 👀 #shale #water #permian

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How To Display a Log for a Well OpendTect has robust visualization capabilities, enabling users to display well logs in various insightful forms. Watch the Video Below to see a demonstration of how you can maximize your insights by displaying a log in OpendTect. Don’t miss out on leveraging this powerful feature to make more informed decisions in your exploration and production activities. author: Lloyd van Hout #OpendTect #data #well #geophysics #visualization

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Just one example of the kinds of incredible conversations that took place at the Offshore Technology Conference. For those who weren't able to attend OTC, be sure to head over to their LinkedIn page for other clips/posts/presentations to get an inside look at what went on! Such an amazing way to come together and talk about the future innovations facing the oil and gas industry. #OffshoreTechnology #OTC #OilAndGas

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At Trio Petroleum Corp (NYSE: TPET), our commitment to Environmental, Social, and Governance (#ESG) principles drives our operations and reflects our long-term vision for sustainability.   Environmental We've completed an Initial Environment Impact Report (IEIR) for the South Salinas Project. Following the completion of the confirmation well, we will fund the Final Environmental Impact Report (FEIR) and apply for a full-field development and production permit.   Social Our focus is on producing domestic oil to bolster #California’s energy industry and support its workforce. This initiative helps reduce the state's reliance on energy imports from countries with less stringent environmental practices.   Governance Our leadership team, with decades of experience, includes our Chairman, who serves as a Board Member for the California Independent Petroleum Association (CIPA). This expertise ensures we effectively navigate the industry's regulatory landscape and permitting processes.   At Trio Petroleum Corp (NYSE: TPET), our #ESG practices underscore our dedication to sustainable growth and responsible operations.  https://lnkd.in/eZyQYnuE #TrioPetroleum #EnergyIndependence #OilAndGas #SustainableEnergy #NYSE #TPET

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Harness the power of analytics and AI in your unconventional assets!

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We're thrilled to share that ClearBakk, represented by Les Johnson, will be attending the upcoming SPE Improved Oil Recovery Conference from April 23-25 in Tulsa, Oklahoma. Hosted by the Society of Petroleum Engineers, this conference is a pivotal gathering for industry leaders and innovators, providing insights into the latest advancements and challenges in the Improved Oil Recovery (IOR) sector. We at ClearBakk are always looking for opportunities to learn and improve. and we're eagerly looking forward to engaging with experts and thought leaders to explore the latest developments, particularly in the enhanced chemical oil recovery (cEOR) sector. Some of the key topics of interest include how companies are overcoming the challenges with surface equipment design, selection, and operations essential to moving from lab to pilot and pilot to commercial field development. We're eager to delve into discussions on the critical considerations involved in these processes. IOR doesn't start (and end) down hole... What are your surface equipment and process needs? With a dynamic agenda featuring insightful topics and discussions, we're excited about the opportunities to gain valuable knowledge, forge meaningful connections, and contribute to the advancement of the industry. Stay tuned as we share highlights and key takeaways from the conference! If you're attending, we'd love to connect and exchange ideas. See you there!  #enhancedoilrecovery #ceor #eor #improvedoilrecovery #ior www.clearbakk.com clearbakk@alsys-group.com 403-295-8054

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This is the sleeve system of the 21st century. It does work well in Open Hole, however most applications are cemented as this is the environment in North America. A 2023 multi-well completion campaign by a Permian operator, utilizing pinpoint (single entry) frac technology in a hybrid-conventional dolomite formation, resulted in an increase of cumulative oil production while reducing cumulative water production on a per-foot basis in a Child versus Parent well. Specifically, our system generated an increase of cumulative oil production of +80% while reducing cumulative water production by -20%. #cementedsleeves #wellcompletions #newtechnology

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𝗛𝘆𝗱𝗿𝗼𝗰𝗮𝗿𝗯𝗼𝗻 𝗧𝗿𝗮𝗽𝘀 Petroleum traps are geological formations that contain accumulations of oil and gas, making them essential targets for hydrocarbon exploration. Understanding the different types of petroleum traps is crucial for identifying potential reservoirs and optimizing exploration strategies. In this article, we will discuss the main types of petroleum traps, their characteristics, and their significance in the search for oil and gas reserves. *1. Structural Traps* Structural traps are formed by deformation of the Earth's crust, resulting in folds, faults, and other structural features that trap hydrocarbons. The most common types of structural traps include: - **Anticline Traps:** These traps form in areas where rock layers have been folded into an upward arch-like structure called an anticline. Hydrocarbons migrate upwards through permeable reservoir rocks and become trapped beneath impermeable cap rocks. - **Fault Traps:** Faults are fractures in the Earth's crust where movement has occurred. Fault traps occur when hydrocarbons are displaced along fault lines and become trapped against impermeable barriers. *2. Stratigraphic Traps* Stratigraphic traps are formed by variations in the sedimentary rock layers that make up the Earth's crust. These traps are less dependent on structural deformation and more on the characteristics of the sedimentary sequence. Common types of stratigraphic traps include: - **Lenticular Sands:** These traps occur when permeable sandstone layers "pinch out" or terminate abruptly, creating a localized accumulation of hydrocarbons. - **Carbonate Buildups:** In carbonate reservoirs, hydrocarbons can accumulate in porous structures such as reefs, shoals, and buildups formed by the accumulation of calcium carbonate. *3. Combination Traps* Combination traps are traps that exhibit characteristics of both structural and stratigraphic traps. They often result from a combination of structural deformation and variations in sedimentary deposition. Combination traps can be particularly complex and may require sophisticated exploration techniques to identify and assess. *4. Unconventional Traps* Unconventional traps refer to reservoirs that do not fit neatly into the categories of structural or stratigraphic traps. These include unconventional hydrocarbon resources such as shale gas, tight gas, and coalbed methane. The trapping mechanisms in unconventional reservoirs often involve factors such as organic richness, natural fractures, and matrix porosity. Photo refrence, credit : https://lnkd.in/dH9FXumM

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#StakeholderEngagement | In this week's episode of the Pipeliners Podcast, Teri Anderson from OneOK and Lindsay Sander from Sander Resources discuss stakeholder engagement in the pipeline industry. They explore the challenges of communication in an evolving media landscape, emphasizing the need for operators to adapt to new technologies and communication channels. The conversation highlights the importance of proactive engagement with stakeholders, including first responders, excavators, and residents living near pipelines. Listen to the episode now to learn more about strategies for leveraging technology to improve communication effectiveness and measure engagement, as well as the impact of RP 1185 in providing a framework for industry-wide communication efforts. https://okt.to/judYRH #Pipeline #RP1185 #Communication #PipelinePodcastNetwork

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US Department of Energy announced their efforts to replace the barrels of crude oil that it sold off in 2022 from the Strategic Petroleum Reserve (SPR)(about 200 MMBbl prior to the November 2022 elections), ostensibly because of the Russian invasion of Ukraine. Secretary Granholm claims that in the past year the DOE replaced 32.3 MMBbl at an average cost of $76.98 per barrel. However, the adminstration drew down the SPR during 2022 from 600 MMBbl at the start of the year to 367 MMBbl today (233 MMBbl remaining to replenish). Granholm claims that they are doing this for the taxpayers and now that crude oil prices are again below $79 per barrel they are looking to buy another 3 MMBbl. The DOE is sensitive to using taxpayer dollars wisely (no comment). At this pace of replacement, it will require another SEVEN years to reach the previous level of 600 MMBbl of reserves. Perhaps this seems acceptable. However, given that the US uses about 20 MMBbl each day, our current emergency reserves in the SPR amount to 18 days' of supply; at the start of 2022 it was a 30-day supply. If one assumes that the DOE purchased oil in equal volumes every day for the past year, they were buying 124,000 Bbl daily, or 0.6% of the daily amount used in the US. Secretary Granholm stated that they didn't want to disrupt the oil markets by being a large buyer. If the DOE were to truly intend to replenish the SPR within a reasonable goal of 18 months, it would require 425,000 Bbl of crude purchases per day; this is just over two percent of the daily usage in the US. That would have minimal impact on markets. Clearly, this DOE effort is strictly lip service to the US voting public and not a serious effort to replenish the SPR. Congress just agreed to send nearly $90 billion to Ukraine, Israel and Taiwan in foreign aid. Does that make us more secure? Perhaps, in a different way it does. But, simply outright buying 233 MMBbl of crude oil at $80 per barrel today would cost $18 billion. It couldn't physically be delivered overnight, but we might sleep better knowing that our SPR will be there for us citizens, as intended, rather than being used for political purposes. It's all a matter of policy and priorities. https://lnkd.in/g2PfR52J

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FLOW published on Permian GOR's yesterday. Since this topic brings out the crazies, we detailed empirical evidence of what is changing, and what is not changing. Some surprises. We walk through formation targets, geographies, base declines, and cube development effects. We also investigate the surprises and look at good and bad case studies. This topic is important for both the oil and gas macro picture.

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⬆ The Houston Oil and Gas Market is Thriving! ⬆ Houston continues to solidify its reputation as the energy capital of the world, showcasing remarkable resilience and innovation in the oil and gas sector. With a robust infrastructure, cutting-edge technology, and a talented workforce, Houston is leading the way in shaping the future of energy. 🔋 Innovation Hub: Houston is at the forefront of technological advancements in the oil and gas industry. From digital transformation to sustainable energy solutions, the city is driving innovation that sets new standards. For example, Houston companies have invested over $10 billion in digital technologies in the past five years. 🌎 Global Reach: As a major player on the global stage, Houston's oil and gas sector attracts investments and partnerships from around the world, fostering a dynamic and diverse business environment. In 2023 alone, Houston-based energy companies secured $25 billion in global investments. 👥 Skilled Workforce: The city boasts a highly skilled and experienced workforce, ready to tackle the challenges and opportunities of the evolving energy landscape. Houston is home to over 240,000 energy workers, making it the largest concentration of oil and gas professionals in the U.S. 📈 Economic Growth: Houston's oil and gas industry is a significant contributor to the local and national economy, creating jobs and stimulating economic development. The industry contributes over $500 billion to the U.S. GDP annually, with Houston being a key player. If you're part of this vibrant community or looking to engage with it, now is the perfect time to connect and explore the incredible opportunities that lie ahead. 👉 Comment below with your thoughts or reach out to discuss how we can collaborate to drive further success in this dynamic sector. #Houston #OilAndGas #EnergySector #Innovation #EconomicGrowth #GlobalReach #SkilledWorkforce #EnergyFuture

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BPX's focus on electrification and efficiency in the Permian is evident as they prioritize infrastructure development for increased productivity. With plans to bring a gas compression station online in 2025, BPX aims to adapt to the evolving gas-to-oil ratio. Their approach of electrifying 95% of operated wells showcases a strategic move to ensure operational control and utilize advanced technologies like Halliburton’s electric frac fleet. Looking ahead, BPX's strategy of drilling deeper benches while making minimal bets reflects a calculated approach to field development. By designing plans years in advance and derisking programs through phased well introductions, BPX maintains flexibility and mitigates potential risks. Their focus on drilling long Permian laterals and avoiding industry challenges like well-spacing problems highlights their commitment to sustainable growth. Late entry into the Delaware Basin has positioned BPX to learn from industry peers' mistakes and optimize its development approach. With a promising future in the Delaware Basin, BPX's methodical and patient strategy sets them apart in the evolving energy landscape. #BPX #PermianBasin #EnergySector #InfrastructureDevelopment #Electrification #EfficiencyEfforts #OilandGasIndustry #FieldDevelopmentStrategy #oil #gas #ngl #midstream #upstream #downstream #completions #drilling #esg #oncor #excel #midlandbasin #delawarebasin #completionenginer #drillingengineer #cng #compressednaturalgas #pipelines #gasprocessing #co2 #emissions #energyservices #diesel #hydrogen #propane #powergrid #fracking #rng #M&A #powergeneration #mobilepower #sandmines #trucking #refinery #exploration #development #production #nymex #wti #brent #waha #henryhub #nvdia #scada #election #oilfield #gasfield #opec #lng #export #import #compression ##dow #nasdaq #crypto #bitcoin #stocks #energy #infrastructure #optimization

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Come check out one of the hardest working engineers (and probably smartest :) in the business talk about a new diverter tech being used in fracturing and Kairos Energy Services applications.

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Changing mix, but global drilling activity growth remains strong going into 2025 #Oilandgas #Oilfieldservices #Energy #Drilling #Rigcount #Index #Investing #Investors #Futures

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Have you heard 📣 about our Tessel Product? Check out the information that EnXL LLC analyzed for Petrosmith. Industry leading products for your next project!

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Break Through Pipeline Challenges With Ideal Energy Solutions, LLC 🔹 Challenge: Facing recurring paraffin and tar deposition since its 2007 installation, a subsea pipeline in the Gulf of Mexico struggled with multiple complete blockages, necessitating costly and frequent remediations. The operator's attempts to address the issue with conventional methods proved ineffective, forcing them to consider abandonment. 🔹 Response: Drawing on our extensive expertise with similar issues, we recommended treatment with PipeRenew® - This remediation solution offers a non-hazardous, environmentally responsible approach to removing paraffin and asphaltenes in even the most challanging conditions. 🔹 Results: Within just five hours of pumping, limited communication was established, with full communication achieved after 75 hours. PipeRenew® treatment demonstrated remarkable adaptability, penetrating through various fluids and solid materials to remove approximately 50 bbl of paraffin and recover 118 bbl of gel and solvent. The project was completed incident-free, on time, and within budget, restoring the line to full service. Looking to overcome your most challenging pipeline blockages? Contact Ideal Energy Solutions LLC today to learn how our highly-effective pipeline remediation solutions. Read the full case study: https://hubs.la/Q02wp-nl0 #PipelineRemediation #SubSeaPipeline #PipeRenew® #IdealEnergySolutions

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