News

August 8, 2019: Here’s what is really happening in the Permian Basin

A recently published opinion article by energy analyst David Blackmon in Forbes paints a slightly rosier picture for the immediate future of Permian Basin shale plays, in contrast to many recent “doom and gloom” articles heralding their imminent decline.  While acknowledging that some operators have been overly-aggressive with well spacing, he reports that average per-well recoveries continue to grow.  According to Allen Gilmer, Founder and COB of DrillingInfo, one reason why so many analysts acquire false beliefs about the health of the Permian play is due to a tendency to apply poor results of one operator to the entire basin.  Inherent heterogeneities in unconventional rocks makes such widespread assumptions misleading.

The full article may be viewed here:   https://www.forbes.com/sites/davidblackmon/2019/08/08/heres-what-is-really-happening-in-the-permian-basin/#d30e18f81ab2

July 16, 2019: Historic horizontal well completed in Permian Basin

Ft. Worth, Texas-based Basic Energy Services announced they completed a record 17, 935 ft lateral well in the Wolfcamp shale in the Delaware Basin.  The well is operated by Houston-based Surge Energy.  The completion consisted of 52 frac stages placing 2,200 lbs. of proppant/ft.

The story appeared in the Odessa American online edition: https://www.oaoa.com/inthepipeline/oil_news/article_cc7ab8f3-8b71-5844-b092-403b0bba69c5.html

Surge Energy news release: https://www.surgeenergya.com/InvestorRelations.News.html

July, 2019: New publication on the diagenesis of the Wolfcamp D

A new article concerning diagenesis of the Wolfcamp D (Cline shale) of the Midland Basin has been published in the journal Chemical Geology.

In the paper, the main author, Alex Reis, of the University of Kentucky, along with co-workers Andrea Erhardt and Michael McGlue, University of Kentucky, and Lowell Waite, Pioneer Natural Resources, evaluated carbon and oxygen isotope trends within marine carbonates from select basinal cyclothem intervals of the Wolfcamp D.  A main conclusion from this work is that diagenesis of the carbonates in this mud-rich interval was controlled primarily by fluctuations in bottom-water redox chemistry, which influenced the extent of deep-burial carbonate cementation.

Abstract

 

June 13, 2019: Fender Natural Resources visits the PBRL

The UTD PBRL was recently honored by a visit from Maryanne Fender of Fender Natural Resources.  Fender Natural Resources collects and sells rare and precious minerals to the public (see link below).   The Fenders have recently made a generous donation to the UTD Department of Geosciences, and were visiting to receive an update on departmental growth.  We were able to meet with Mrs. Fender to showcase the lab, discussing the importance of having a facility like the PBRL to educate students on the oil and gas industry.  Also present at the meeting were Anna LeBlanc, Director of Gift Planning, Dane Richardson, Director and Development of Alumni Relations, School of Natural Sciences and Mathematics, and Dr. John Ferguson, Department of Geosciences and who hosted the visit, and Mr. David Williamson, UTD Geoscience Alum and Vice President of Geosciences, Monadnock Resources.

 

(l to r, Dave Williamson, Lowell Waite, Maryanne Fender, Dane Richardson, Anna LeBlanc)

 

 

Fender Minerals:

https://www.etsy.com/shop/FenderMinerals