Cyberthreats to oil and gas companies were rising even before Russia attacked Ukraine. To protect their data, assets and employees, these companies should adopt defensible network architectures and implement other cybersecurity best practices.
According to the latest analysis from the U.S. Energy Information Administration, oil prices in the triple digits will persist for some time.
Henry Hub spot prices have averaged their highest nine-month run in seven years. Much has changed since 2014, and both U.S. natural gas demand and production have expanded by trillions of cubic feet a year.
The unconventional revolution began in the gas-rich Barnett Shale of North Central Texas. But as the first commercial resource play, the Barnett is also the most mature, with the vast majority of wells at least 10 year old.
As many as 2.2 million barrels a day of U.S. tight oil may be unleashed in the event of a supercycle–with oil prices remaining around or above $100 a barrel–driven by growing demand and continued supply tightness, Rystad Energy predicts.
To optimize well economics, operators need both an effective completion design and the ability to implement that design quickly and affordably. For completion crews, the quest for efficiency means constantly revaluating proven processes to eliminate even brief intervals of downtime.