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RMP Energy announces Elmworth battery start-up

RMP Energy Inc. has announced the recent successful commissioning and start-up of its 100% owned and operated Elmworth 2-23 oil battery and gas handling facility in the Elmworth (Gold Creek) field of West Central Alberta. The 2-23 Facility is presently handling the initial crude oil and natural gas production from two (2.0 net) of RMP's Middle Montney drilled wells (3-22-68-3W6M and 4-18-68-2W6M). Early-stage well production results are encouraging and the Company anticipates providing detailed production data once the wells produce for at least thirty calendar days. The start-up of the 2-23 Facility marks an important corporate milestone for RMP as it enables the Company to begin realizing commercial benefit and return of its capital investment from its new core area, which encompasses 82.5 net sections (52,800 net acres) of acreage prospective in the Middle Montney reservoir. The 2-23 Facility, which can be expanded as required, has initial design capacity to handle 1,500 bbls/d of crude oil, 8.2 MMcf/d of natural gas and 7,500 bbls/d of emulsion.   

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Drilling & Production

CAODC revises 2017 drilling forecast upwards

The Canadian Association of Oilwell Drilling Contractors (CAODC) has announced its revised 2017 Drilling Forecast. The organization forecasts the following:

  • Projected 2017 wells drilled: 6,842 — an increase of 2,177 from original forecast
  • Projected 2017 operating days: 71,839 — an increase of 22,859 from original forecast
  • Projected rig count in for Year End 2017: 635 — a decrease of 30 rigs 

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Drilling & Production

Torsional energy efficiently and safely sets liners

The unique PowerScrew liner hanger from Seminole Services utilizes torsional energy from the top drive to efficiently and safely set a liner, eliminating any need for high pressure in the setting process.  In the PowerScrew's setting mechanism, rotation of the top drive provides all of the energy required to helically stretch-form the liner top without the application of pressure. This unique mechanical setting process provides a liner top that's ISO 14310 V0 rated, for improved pressure containment, increased hanging capacity, and an overall higher standard of reliability and safety.

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Drilling & Production

Less trips cut costs with extended-life bit

Baker Hughes Incorporated has announced the commercial release of its Dynamus extended-life polycrystalline diamond compact (PDC) drill bit which can significantly reduce drilling costs by eliminating trips to replace bits or bottomhole assembly (BHA) tools that wear out in high horsepower drilling operations. The Dynamus bit is built on a robust frame that incorporates stabilizing elements to prevent lateral vibrations as well as proprietary cutters engineered to minimize wear. Reducing vibrations not only extends bit life, it also helps extend the life of other BHA tools and deliver smoother drilling performance for improved borehole quality.

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Drilling & Production

SpectraSphere service allows understanding of reservoir properties during drilling

Schlumberger's SpectraSphere fluid mapping-while-drilling service is the industry’s first to deliver downhole fluid composition during drilling with real-time pressure measurements-while-drilling. Applicable in a variety of environments, from exploration wells to highly deviated development wells, SpectraSphere lowers risks associated with fluid analysis and sampling operations while enhancing well placement, maximizing reservoir contact and ultimately boosting future production.

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Drilling & Production
Offshore Technology

Deepwater multistage fracturing service saves millions of dollars

Baker Hughes' DEEPFRAC deepwater multistage fracturing service can save operators hundreds of millions of dollars in offshore developments through unprecedented efficiency gains across the completion phase. Using multiposition sleeves and patented flowback control technology, the service accelerates or eliminates certain steps of conventional multizone completion operations and enables rapid stimulation of 20+ stages. This translates into significantly greater reservoir contact, with an average OPEX savings of USD$30 to $40 million per well.

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Drilling & Production

PSAC revises drilling forecast upward after strong first quarter

The Petroleum Services Association of Canada (PSAC), in its second update to the 2017 Canadian Drilling Activity Forecast, announced its revision of the forecasted number of wells drilled (rig released) across Canada for 2017 to 6,680 wells. This represents an increase of 2,505 wells and a 60 per cent increase from PSAC’s original 2017 Drilling Activity Forecast released in early November 2016 of 4,175 wells rig released. PSAC based its updated 2017 forecast on average natural gas prices of $3.00 CDN/mcf (AECO), crude oil prices of US$52.50/barrel (WTI) and the Canada-US exchange rate averaging $0.74.

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