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Greetings, & welcome back to the podcast. This episode we are joined by Mr. Dave Burton - CEO of Lycos Energy - a TSX listed energy company with a market capitalization of ~$200 million. Mr. Burton has more than 27 years of experience in the upstream oil and gas industry in all facets of petroleum engineering work including reservoir engineering, evaluations, secondary and tertiary recovery, unconventional oil and gas, area development and acid gas projects including work on CO2 sequestration in coals. He has had numerous executive roles and been involved in founding multiple successful start up energy companies. Prior to founding Chronos, Mr. Burton was a co-founder at Raging River Exploration Inc. (“Raging River”) and Wild Stream Exploration Inc. (“Wild Stream”).Mr. Burton is a professional engineer and a member of the Alberta Association of Professional Engineers and Geoscientists of Alberta. Mr. Burton holds degrees in Petroleum Engineering from the University of Alberta (BSc) and a Master of Engineering degree in Chemical and Petroleum Engineering from the University of Calgary.Among other things we discussed The Remington Days, Fishbone Wells & Why Horizontal Drilling is Evolving.Enjoy.Thank you to our sponsors.Without their support this episode would not be possible:Connate Water SolutionsCanada ActionEnverus5Q Investor RelationsPipelineonline.caSupport the Show.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) CEO Marshall Abbott discusses the first horizontal well at the company's Tapir project in Columbia after it spud the CNB HZ-1 well. Abbott said the successful spudding of the well followed extensive planning and reservoir simulations that have been carried out over the past year. The company has leveraged expertise amounting to 400 horizontal wells of experience. He said the horizontal drilling is expected to be transformative as it will expose 550 meters of the reservoir, significantly more than the 15 feet exposed by vertical wells, thus enhancing oil recovery with less effort and reducing water intrusion. The initial horizontal well, followed by a vertical water disposal well, is part of a strategy to potentially drill up to ten horizontal wells. Production is anticipated to begin in early June, with gradual increases to prevent sand production. Arrow has dedicated disposal wells for water production and plans to produce clean oil with multiple buyers lined up, expecting favourable netbacks due to a $15 discount to Brent and a 12% royalty rate. #ArrowExploration #OilDrilling #HorizontalWells #ColombiaOil #EnergySector #OilProduction #ReservoirEngineering #CapitalBudget #CleanOil #ExplorationWells #OilIndustry #EnergyInvestment #OilRecovery #SeismicSurvey #OilExploration #MarshallAbbott #ProactivInterview #OilReservoir #WaterDisposal #DrillingTechnology #OilMarket #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
Hello, this is your daily dose of news from Onmanorama. Tune in to get updated about the major news stories of the day.
This week Marty is joined by Wes Sellner as part of their O&G 101 series to discuss: - Vertical v. Horizontal drilling - Decline curves - Choking wells - Risks with drilling wells - When vertical wells make sense - much more
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Mailbag: Investing with IRA; What’s better Vertical or Horizontal Drilling?
Greg Stone, the man who made horizontal drilling a viable option explains how to go from the prototype phase to the viable production phase. How to keep morale high when your rate of success is low and more.
In this episode, we learn about some of the extensive planning that must occur before a well is drilled. Our guest, Patrick Schrim, discusses offset research into bit records, geology, cement records, and so much more. He also discusses casing setting points, optimization of drilling time, etc.
For more on Oilfield Basics, check out our website at: https://oilfieldbasics.com/ as well as our social media platforms: Instagram, Facebook, LinkedIn Call in number: 740-538-0379
02:13 - David Introduction and Background 09:00 - David's Work Experience (in Australia!) 14:40 - Starting Gibson Reports 17:05 - Free reports available on Gibson Reports 19:30 - What MWD, LWD, and DD is 22:50 - The purpose of MWD & DD 26:50 - Precision/Accuracy of Tools 32:15 - Operational Information- running the tools, gathering data, etc… 40:00 - Description of a "Survey" 40:50 - The Main MWD Components 48:30 - Audience Questions 60:00 - Limitations of Tools/Technology 63:30 - Current Market Climate and Where to Get into MWD field 74:30 - What's Next for MWD in our Industry? 76:45 - Closing Remarks and Future Collaborations with David & Oilfield Basics For more on David Gibson, check out his LinkedIn To view get the FREE INDUSTRY REPORT & FREE MWD/DD DIRECTORY, vistit Gibson Reports. For more on Oilfield Basics, check out our website at: www.OilfieldBasics.com as well as our social media platforms: Instagram, Facebook, LinkedIn Call in number: 740-538-0379
We are pleased that Geologist and State Chess Champion Charles Unruh has accepted our invitation to be on our show to discuss a host of issues from horizontal drilling to what young people think of current policies. Since Charles works with many young students, he is highly qualified to give us insight as to what the silent young majority is thinking. I expect to be educated. Will you join me? Call in with your questions, or comments, 646-652-4620. Look forward to hearing from you.
December 21, 2010: In today’s episode, Jane Van Ryan interviews David Adams, Halliburton’s vice president for production enhancement, about hydraulic fracturing. He describes the fracking process, the associated benefits as well as the exaggerated risks.
November 9, 2010: In today’s episode, Jane Van Ryan interviews Dr. William B. Harrison, III from Western Michigan University, about the economic benefits of oil and natural gas development in the Michigan Basin.
July 27, 2010: In today’s episode, Jane Van Ryan interviews Dr. Tim Considine of the University of Wyoming about his recent study that quantifies the economic impact of developing natural gas in the Marcellus Shale formation.