With production in the Permian increasing by 93,000 barrels a day year on year and accounting for 68% of overall production in Texas, the basin is without doubt re-establishing itself as one of the most prolific areas within North America for oil & gas exploration. While high liquid rich reserves, horizontal drilling and completions techniques have played a key part in this success, the continued high ultimate recoveries being seen in the...

Production in the last quarter of 2013 averaged at 7.621 million barrels of crude oil per day - the highest daily average in 24 years and the largest year-on-year production growth between 2012 and 2013. Continuous advances and efficiencies in horizontal drilling has enabled operators to access previously unrecoverable oil and gas reserves and as a result, operators are constantly trying to push the envelope and drill further and faster, with...

Latest reports show that the Eagle Ford is currently producing 1.09 million barrels of oil per day - a staggering number that is even outperforming the Bakken. However, the biggest points of contention surrounding Eagle Ford wells are not how to get them producing large volumes of oil but more critically, how to keep them producing. A recent Wood Mckenzie study shows that most Eagle Ford wells typically drop off between 70 - 80 % in the first...

Reports estimate that an additional 2 million mt/year of propylene will be required by 2015 to keep up with derivative market growth. With petrochemical producers continuing to adopt lighter steam cracker feedslates at a time when refineries are also adjusting production strategies in response to gasoline demand trends, propylene supplies in North America have reached unprecedented levels of shortness and price volatility continues to severely...

An unexpected yet highly prosperous volume of crude condensate is now being produced alongside the vast amounts of oil and natural gas being recovered from North American shale plays such as the Bakken and Utica. The Eagle Ford alone reached 153,322 bpd of condensate in 2013 making up an astonishing 40% of total hydrocarbon production in the play. There is a huge commercial opportunity for E&P companies in producing condensate; the number...