Encana 2011 Third Quarter Interim Report
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Modern Shale Gas Development in the United States: a Primer
U.S. Department of Energy • Office of Fossil Energy National Energy Technology Laboratory April 2009 DISCLAIMER This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, nor any of their employees, makes any warranty, expressed or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe upon privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof. Modern Shale Gas Development in the United States: A Primer Work Performed Under DE-FG26-04NT15455 Prepared for U.S. Department of Energy Office of Fossil Energy and National Energy Technology Laboratory Prepared by Ground Water Protection Council Oklahoma City, OK 73142 405-516-4972 www.gwpc.org and ALL Consulting Tulsa, OK 74119 918-382-7581 www.all-llc.com April 2009 MODERN SHALE GAS DEVELOPMENT IN THE UNITED STATES: A PRIMER ACKNOWLEDGMENTS This material is based upon work supported by the U.S. Department of Energy, Office of Fossil Energy, National Energy Technology Laboratory (NETL) under Award Number DE‐FG26‐ 04NT15455. Mr. Robert Vagnetti and Ms. Sandra McSurdy, NETL Project Managers, provided oversight and technical guidance. -
Hydraulic Fracturing in the Barnett Shale
Hydraulic Fracturing in the Barnett Shale Samantha Fuchs GIS in Water Resources Dr. David Maidment University of Texas at Austin Fall 2015 Table of Contents I. Introduction ......................................................................................................................3 II. Barnett Shale i. Geologic and Geographic Information ..............................................................6 ii. Shale Gas Production.........................................................................................7 III. Water Resources i. Major Texas Aquifers ......................................................................................11 ii. Groundwater Wells ..........................................................................................13 IV. Population and Land Cover .........................................................................................14 V. Conclusion ....................................................................................................................16 VI. References....................................................................................................................17 2 I. Introduction Hydraulic Fracturing, or fracking, is a process by which natural gas is extracted from shale rock. It is a well-stimulation technique where fluid is injected into deep rock formations to fracture it. The fracking fluid contains a mixture of chemical components with different purposes. Proppants like sand are used in the fluid to hold fractures in the rock open once the hydraulic -
Assessing Undiscovered Resources of the Barnett-Paleozoic Total Petroleum System, Bend Arch–Fort Worth Basin Province, Texas* by Richard M
Assessing Undiscovered Resources of the Barnett-Paleozoic Total Petroleum System, Bend Arch–Fort Worth Basin Province, Texas* By Richard M. Pollastro1, Ronald J. Hill1, Daniel M. Jarvie2, and Mitchell E. Henry1 Search and Discovery Article #10034 (2003) *Online adaptation of presentation at AAPG Southwest Section Meeting, Fort Worth, TX, March, 2003 (www.southwestsection.org) 1U.S. Geological Survey, Denver, CO 2Humble Geochemical Services, Humble, TX ABSTRACT Organic-rich Barnett Shale (Mississippian-Pennsylvanian) is the primary source rock for oil and gas that is produced from Paleozoic reservoir rocks in the Bend Arch–Fort Worth Basin Province. Areal distribution and geochemical typing of hydrocarbons in this mature petroleum province indicates generation and expulsion from the Barnett at a depocenter coincident with a paleoaxis of the Fort Worth Basin. Barnett-sourced hydrocarbons migrated westward into reservoir rocks of the Bend Arch and Eastern shelf; however, some oil and gas was possibly sourced by a composite Woodford-Barnett total petroleum system of the Midland Basin from the west. Current U.S. Geological assessments of undiscovered oil and gas are performed using the total petroleum system (TPS) concept. The TPS is composed of mature source rock, known accumulations, and area(s) of undiscovered hydrocarbon potential. The TPS is subdivided into assessment units based on similar geologic characteristics, accumulation type (conventional or continuous), and hydrocarbon type (oil and (or) gas). Assessment of the Barnett-Paleozoic TPS focuses on the continuous (unconventional) Barnett accumulation where gas and some oil are produced from organic-rich siliceous shale in the northeast portion of the Fort Worth Basin. Assessment units are also identified for mature conventional plays in Paleozoic carbonate and clastic reservoir rocks, such as the Chappel Limestone pinnacle reefs and Bend Group conglomerate, respectively. -
A Comparative Study of the Mississippian Barnett Shale, Fort Worth Basin, and Devonian Marcellus Shale, Appalachian Basin
DOE/NETL-2011/1478 A Comparative Study of the Mississippian Barnett Shale, Fort Worth Basin, and Devonian Marcellus Shale, Appalachian Basin U.S. DEPARTMENT OF ENERGY DISCLAIMER This report was prepared as an account of work sponsored by an agency of the United States Government. Neither the United States Government nor any agency thereof, nor any of their employees, makes any warranty, expressed or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe upon privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States Government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States Government or any agency thereof. ACKNOWLEDGMENTS The authors greatly thank Daniel J. Soeder (U.S. Department of Energy) who kindly reviewed the manuscript. His criticisms, suggestions, and support significantly improved the content, and we are deeply grateful. Cover. Top left: The Barnett Shale exposed on the Llano uplift near San Saba, Texas. Top right: The Marcellus Shale exposed in the Valley and Ridge Province near Keyser, West Virginia. Photographs by Kathy R. Bruner, U.S. Department of Energy (USDOE), National Energy Technology Laboratory (NETL). Bottom: Horizontal Marcellus Shale well in Greene County, Pennsylvania producing gas at 10 million cubic feet per day at about 3,000 pounds per square inch. -
TXOGA Versus Denton
FILED: 11/5/2014 9:08:57 AM SHERRI ADELSTEIN Denton County District Clerk By: Amanda Gonzalez, Deputy CAUSE NO. __________14-08933-431 TEXAS OIL AND GAS ASSOCIATION, § IN THE DISTRICT COURT OF § Plaintiff, § vs. § § DENTON COUNTY, TEXAS CITY OF DENTON, § § Defendant. § § § _____ JUDICIAL DISTRICT § ORIGINAL PETITION The Texas Oil and Gas Association (“TXOGA”) files this declaratory action and request for injunctive relief against the City of Denton, on the ground that a recently-passed City of Denton ordinance, which bans hydraulic fracturing and is soon to take effect, is preempted by Texas state law and is therefore unconstitutional. I. INTRODUCTION This case concerns a significant question of Texas law: whether a City of Denton ordinance that bans hydraulic fracturing is preempted by the Constitution and laws of the State of Texas. The ordinance, approved by voters at the general election of November 4, 2014, exceeds the limited authority of home-rule cities and represents an impermissible intrusion on the exclusive powers granted by the Legislature to state agencies, the Texas Railroad Commission (the “Railroad Commission”) and the Texas Commission on Environmental Quality (the “TCEQ”). TXOGA, therefore, seeks a declaration that the ordinance is invalid and unenforceable. To achieve its overriding policy objective of the safe, efficient, even-handed, and non-wasteful development of this State’s oil and gas resources, the Texas Legislature vested regulatory power over that development in the Railroad Commission and the TCEQ. Both agencies are staffed with experts in the field who apply uniform regulatory controls across Texas and thereby avoid the inconsistencies that necessarily result from short-term political interests, funding, and turnover in local government. -
Strategic Center for Natural Gas and Oil R&D Program
Driving Innovation ♦ Delivering Results The National Energy Technology Laboratory & The Strategic Center for Natural Gas and Oil R&D Program Tribal leader forum: U.S. Department of Energy Albert Yost oil and gas technical assistance capabilities SMTA Strategic Center for Natural Gas & Oil Denver, Colorado August 18, 2015 National Energy Technology Laboratory Outline • Review of Case History Technology Successes • Review of Current Oil and Natural Gas Program • Getting More of the Abundant Shale Gas Resource • Understanding What is Going On Underground • Reducing Overall Environmental Impacts National Energy Technology Laboratory 2 Four Case Histories • Electromagnetic Telemetry • Wired Pipe • Fracture Mapping • Horizontal Air Drilling National Energy Technology Laboratory 3 Development of Electromagnetic Telemetry Problem • In early 1980s, need for non-wireline, non-mud based communication system in air-filled, horizontal or high-angle wellbores grows. • Problems with drillpipe-conveyed and hybrid-wireline alternatives sparked interest in developing a “drill-string/earth,” electromagnetic telemetry (EMT) system for communicating data while drilling. • Attempts to develop a viable EM-MWD tool by U.S.-based companies were unsuccessful. DOE Solution • Partner with Geoscience Electronics Corp. (GEC) to develop a prototype based on smaller diameter systems designed for non-oilfield applications • Test the prototype in air-drilled, horizontal wellbores. • Catalyze development of a U.S.-based, commercial EM-MWD capability to successfully compete with foreign service companies. National Energy Technology Laboratory 4 EMT System Schematic Source: Sperry-Sun, March 1997, Interim Report, DOE FETC Contract: DE-AC21-95MC31103 National Energy Technology Laboratory 5 EMT Path to Commercialization • 1986 – Initial test of GEC prototype tool at a DOE/NETL Devonian Shale horizontal drilling demonstration well in Wayne county, WV (10 hours on- bottom operating time). -
Draft Plan to Study the Potential Impacts of Hydraulic Fracturing on Drinking Water Resources, EPA/600/001/February 2011
EPA/600/D-11/001/February 2011/www.epa.gov/research Draft Plan to Study the Potential Impacts of Hydraulic Fracturing on Drinking Water Resources United States Environmental Protection Agency Office of Research and Development EPA/600/D-11/001 February 2011 &EPA United States Environmental Protection Ag""" Draft Plan to Study the Potential Impacts of Hydraulic Fracturing on Drinking Water Resources Office of Research and Development U.S. Environmental Protection Agency Washington, D.C. February 7, 2011 DRAFT Hydraulic Fracturing Study Plan February 7, 2011 -- Science Advisory Board Review -- This document is distributed solely for peer review under applicable information quality guidelines. It has not been formally disseminated by EPA. It does not represent and should not be construed to represent any Agency determination or policy. Mention of trade names or commercial products does not constitute endorsement or recommendation for use. DRAFT Hydraulic Fracturing Study Plan February 7, 2011 -- Science Advisory Board Review -- TABLE OF CONTENTS List of Figures ................................................................................................................................................ v List of Tables ................................................................................................................................................. v List of Acronyms and Abbreviations ............................................................................................................ vi Executive Summary .................................................................................................................................... -
Perryman Denton Fracking Ban Impact
June 2014 The Adverse Impact of Banning Hydraulic Fracturing in the City of Denton on Business Activity and Tax Receipts in the City and State THE PERRYMAN GROUP 510 N. Valley Mills Dr., Suite 300 Waco, TX 76710 ph. 254.751.9595, fax 254.751.7855 [email protected] www.perrymangroup.com The Adverse Impact of Banning Hydraulic Fracturing in the City of Denton on Business Activity and Tax Receipts in the City and State Contents Introduction and Overview .............................................................................. 1 The Barnett Shale ............................................................................................... 3 Study Parameters and Methods Used ............................................................. 4 Summary of Methods Used .......................................................................................... 4 Input Assumptions and Losses Measured ................................................................... 5 Projected Economic and Fiscal Harms Stemming from a Ban on Hydraulic Fracturing in the City of Denton .................................................... 8 Economic Harms Over 10 Years .................................................................................. 8 Lost Tax Revenue Over 10 Years .............................................................................. 11 Conclusion ......................................................................................................... 12 APPENDICES ..................................................................................................... -
The Exxonmobil-Xto Merger: Impact on U.S
THE EXXONMOBIL-XTO MERGER: IMPACT ON U.S. ENERGY MARKETS HEARING BEFORE THE SUBCOMMITTEE ON ENERGY AND ENVIRONMENT OF THE COMMITTEE ON ENERGY AND COMMERCE HOUSE OF REPRESENTATIVES ONE HUNDRED ELEVENTH CONGRESS SECOND SESSION JANUARY 20, 2010 Serial No. 111–91 ( Printed for the use of the Committee on Energy and Commerce energycommerce.house.gov U.S. GOVERNMENT PRINTING OFFICE 76–003 WASHINGTON : 2012 For sale by the Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov Phone: toll free (866) 512–1800; DC area (202) 512–1800 Fax: (202) 512–2104 Mail: Stop IDCC, Washington, DC 20402–0001 VerDate Mar 15 2010 00:51 Nov 06, 2012 Jkt 076003 PO 00000 Frm 00001 Fmt 5011 Sfmt 5011 E:\HR\OC\A003.XXX A003 pwalker on DSK7TPTVN1PROD with HEARING COMMITTEE ON ENERGY AND COMMERCE HENRY A. WAXMAN, California, Chairman JOHN D. DINGELL, Michigan JOE BARTON, Texas Chairman Emeritus Ranking Member EDWARD J. MARKEY, Massachusetts RALPH M. HALL, Texas RICK BOUCHER, Virginia FRED UPTON, Michigan FRANK PALLONE, JR., New Jersey CLIFF STEARNS, Florida BART GORDON, Tennessee NATHAN DEAL, Georgia BOBBY L. RUSH, Illinois ED WHITFIELD, Kentucky ANNA G. ESHOO, California JOHN SHIMKUS, Illinois BART STUPAK, Michigan JOHN B. SHADEGG, Arizona ELIOT L. ENGEL, New York ROY BLUNT, Missouri GENE GREEN, Texas STEVE BUYER, Indiana DIANA DEGETTE, Colorado GEORGE RADANOVICH, California Vice Chairman JOSEPH R. PITTS, Pennsylvania LOIS CAPPS, California MARY BONO MACK, California MICHAEL F. DOYLE, Pennsylvania GREG WALDEN, Oregon JANE HARMAN, California LEE TERRY, Nebraska TOM ALLEN, Maine MIKE ROGERS, Michigan JANICE D. SCHAKOWSKY, Illinois SUE WILKINS MYRICK, North Carolina CHARLES A. -
Shale Oil Production Performance from a Stimulated Reservoir Volume
SHALE OIL PRODUCTION PERFORMANCE FROM A STIMULATED RESERVOIR VOLUME A Thesis by ANISH SINGH CHAUDHARY Submitted to the Office of Graduate Studies of Texas A&M University in fulfillment of the requirements for the degree of MASTER OF SCIENCE August 2011 Major Subject: Petroleum Engineering Shale Oil Production Performance from a Stimulated Reservoir Volume Copyright 2011 Anish Singh Chaudhary SHALE OIL PRODUCTION PERFORMANCE FROM A STIMULATED RESERVOIR VOLUME A Thesis by ANISH SINGH CHAUDHARY Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of MASTER OF SCIENCE Approved by: Chair of Committee, Christine Ehlig-Economides Committee Members, Robert A. Wattenbarger Maria A. Barrufet Head of Department, Stephen A. Holditch August 2011 Major Subject: Petroleum Engineering iii ABSTRACT Shale Oil Production Performance from a Stimulated Reservoir Volume. (August 2011) Anish Singh Chaudhary, B.Tech, Indian School of Mines, Dhanbad Chair of Advisory Committee: Dr. Christine Ehlig-Economides The horizontal well with multiple transverse fractures has proven to be an effective strategy for shale gas reservoir exploitation. Some operators are successfully producing shale oil using the same strategy. Due to its higher viscosity and eventual 2- phase flow conditions when the formation pressure drops below the oil bubble point pressure, shale oil is likely to be limited to lower recovery efficiency than shale gas. However, the recently discovered Eagle Ford shale formations is significantly over pressured, and initial formation pressure is well above the bubble point pressure in the oil window. This, coupled with successful hydraulic fracturing methodologies, is leading to commercial wells. -
US Becomes India's Second Biggest Oil Supplier, Saudi
March 15, 2021 U.S. becomes India's second biggest oil supplier, China's Jan-Feb refinery output up 15% on solid Saudi plunges to No. 4 demand for fuels The United States overtook Saudi Arabia as India's China's daily refinery throughput rose 15% in the first two second biggest oil supplier after Iraq last month, as months of the year, from a low base a year earlier, as fuel refiners boosted cheaper U.S. crude purchases to record demand remains solid and refineries rush to hike levels to offset OPEC+ supply cuts, data from trade production ahead of maintenance season. sources showed. Refinery processing reached 114.24 million tonnes in the The switch in supplies, triggered by lower U.S. crude January-February period, data from the National Bureau demand, coincided with Saudi Arabia's voluntary extra 1 of Statistics showed on Monday, equivalent to about million barrel per day (bpd) output cut, on top of an 14.13 million barrels per day (bpd). The agency didn't agreement by the Organization of the Petroleum disclose numbers for January and February separately. Exporting Countries and its allies (OPEC+) to maintain The daily rate is about the same level as in December lower production. 2020, up from 12.07 mln bpd in Jan-Feb 2020 and also India's imports from the United States - the world's top above the 12.68 million bpd recorded in the first two producer - rose 48% to a record 545,300 bpd in February months of 2019. from the prior month, accounting for 14% of India's overall Chinese refineries slashed output in the first quarter last imports last month, the data obtained by Reuters showed. -
Q4 Year End 2014 Report
news release Encana reports strong performance in 2014, reduces 2015 capital Calgary, Alberta (February 25, 2015) TSX, NYSE: ECA Encana reported strong results from a transformative 2014 in which the company restructured its organization, transformed its portfolio and delivered solid operational results. The company delivered on all of its strategic targets and achieved enduring efficiency improvements throughout the business. Highlights include: Average annual liquids production of 86,800 barrels per day (bbls/d) up 61 percent from 2013 Fourth quarter liquids production averaged 106,400 bbls/d, up 61 percent year-over-year Two-thirds of fourth quarter 2014 upstream operating cash flow, including hedging, derived from liquids production Successful base production optimization reduced base decline from 34 percent to 29 percent Seamless operational transition into the Eagle Ford and Permian Basin with immediate capital efficiencies $150 million in operating and administrative cost savings The best safety record in company history based on total recordable injury frequency rate “The transformation of Encana occurred at a pace that exceeded even our own expectations and our accomplishments in 2014 shouldn’t be overshadowed by today’s low commodity price environment,” said Doug Suttles, Encana President & CEO. “We resized the company, focused our capital investment on our most strategic assets and enhanced operational performance. Consistent with our strategy to grow higher margin production, we successfully transitioned to a more liquids-weighted portfolio which helped to deliver a marked increase in year-over-year cash flow.” Encana’s strategic focus on growing value was evident in the first year of its new strategy through the 14 percent increase in year-over-year cash flow to approximately $2.9 billion, or $3.96 per share.