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MEG Energy 2018 capital plan suggests 100,000 bpd in 2018

MEG Energy 2018 capital plan suggests 100,000 bpd in 2018

MEG Energy Corp. has announced its 2018 capital investment plan and operational guidance. Highlights include:

  • A 2018 capital budget of $510 million, 24% of which is directed towards the completion of the Phase 2B eMSAGP growth project, 20% towards an expansion of the pilot program involving the company's proprietary eMVAPEX technology and positioning the company to grow beyond 100,000 barrels per day (bpd), 43% towards sustaining and turnaround costs, and the remainder towards field infrastructure, corporate and other initiatives;
  • Financial resources available to the company to fund its 2018 capital program include expected internally generated cash flow and cash on hand;
  • Targeted 2018 average production in the range of 85,000 to 88,000 bpd, 2018 exit production in the range of 95,000 to 100,000 bpd, and non-energy operating costs of $4.75 to $5.25 per barrel. The operational guidance takes into account a major turnaround at the company's Christina Lake Phase 2B processing facilities planned for 2018, with an anticipated 5,000 to 6,000 bpd impact on production for the year. 

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Advanced fluid analysis and sampling while drilling

Advanced fluid analysis and sampling while drilling

Baker Hughes FASTrak Prism fluid analysis and sampling while drilling service uses advanced sensors and proven technology to collect and deliver reliable volumes of high-quality fluid samples and comprehensive, real-time reservoir characterization. These samples provide valuable insight into the reservoir to help operators improve efficiencies and make more informed decisions around their overall well completion and production strategy.

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Selecting the Right Solid Tires for Industry Specific Applications

Approximately twenty years ago, those of us working in the off-road heavy equipment industry regularly witnessed a high amount of failures in machines operating on cement or other hard surfaces. Extended steel rims were used with small, hard, rubber wheels. When these rubber tires chipped and chunked, vibrations and bouncing sent shockwaves into the machine, causing shortened life and expensive repairs, not to mention stress on operators. Drivetrain components (U-joints and articulation joints) in particular often suffered from stress cracks caused by vibrations and a bouncing machine. 

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Churchill sees demand for dart-less activation

Churchill sees demand for dart-less activation

Churchill Drilling Tools has seen a growing demand for its technology with a record number of dart activations in August 2017. Operators are increasingly trusting Churchill's darts to activate downhole devices, with the company announcing the launch of a dart-less version of its Self Filling Float, the popular time-saving tool for running in hole in deep water drilling programs.  

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Lubricant designed for artificial lift systems

ProOne, Inc., which redefined the downhole drilling lubricant market with friction-beating XPL+ technology, has introduced ProFlow Production Lubricant for artificial lift systems (ALS). This nano-tech, patent-pending, bonding technology successfully addresses lubrication problems which cause inefficient production, high maintenance costs and untimely wear and tear. 

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