Archives July 2016

Jul
5
2016

Guide to World Crudes: BP issues assay for Basrah Heavy

BP Oil International Ltd., a subsidiary of BP PLC, has published an assay for Basrah Heavy crude oil based on a sample taken June 4, 2015. …read more Source: Oil Gas Journal   

Jul
5
2016

Well-kill model forecasts pressure for deepwater horizontal well

Well-control operations using the wait-and-weight method (W&W) in a deepwater horizontal well are harder to implement than in a vertical well. Simulations of well-killing procedures for future projects provide guidance to drilling engineers. …read more Source: Oil Gas Journal   

Jul
5
2016

Texas Supreme Court rules on post-production costs, royalty payments

Producers calculate oil and gas royalties using a relatively straight-forward formula, but litigation can still arise from any of its variables. The royalty payment equals the royalty owner’s net interest multiplied by the total value of production from a well minus the royalty owner’s share of post-production expenses. …read more Source: Oil Gas Journal   

Jul
1
2016

BHI: Land, oil rigs lift overall US rig count by 10 units

Lifted entirely by onshore oil-directed units, the US drilling rig count jumped 10 units during the week ended July 1 for the second time in 3 weeks, tallying 431 rigs working, according to data from Baker Hughes Inc. …read more Source: Oil Gas Journal   

Jul
1
2016

EIA: US oil output fell 8% year-over-year in April

US crude oil production during April amounted to 8.933 million b/d, a decline of 2.5% from the March average and 7.9% from the April 2015 average, according to the US Energy Information Administration’s latest monthly production survey. …read more Source: Oil Gas Journal   

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