tight oil
To be a world-leading Energy and Chemical Company China Petrochemical Corporation (Sinopec Group) was established in July 1998 on the basis of the former China Petrochemical Corporation. Sinopec Group is a state wholly owned company with Headquartered in Beijing, China and a registered capital of RMB 182 billion ($30 billion). As a state-owned company, Sinopec Group […]
Anadarko is providing for today, innovating for tomorrow Headquartered in The Woodlands, in Texas, USA, Anadarko Petroleum Corporation (Anadarko) is listed in the NYSE (APC). Anadarko sits among the largest independent oil and gas companies in the world. Focusing on exploration and production, Anadarko holds 2.54 billion of barrels oil equivalent (boe) of proven reserves […]
Definition Oil shale refers to solid hydrocarbon (kerogen) rock resulting from a decomposed organic matter still at solid state, in a sedimentary rock unit. The oil shale may also be called black shale. Oil shale and shale oil must not be confused as they do not mean the same thing since shale oil designates tight oil or tight shale […]
Definition Recoverable reserves are defined as the proportion of resources, here oil and gas, that can be technically, economically and legally possible to extract. The recoverable reserves may also be called proven reserves. Comments The recoverable reserves may be far different from the total resources called total Petroleum Initially-In-Place (PIIP). This Petroleum Initially-In-Place (PIIP) is an estimation resulting from exploration campaign […]
Devon and Sumitomo to develop Permian Basin tight oil Devon Energy Corporation (Devon) and Sumitomo Corporation (Sumitomo) entered an Agreement to jointly develop the Cline Shale and the Midland-Wolfcamp tight oil fields within the Permian Basin. The Cline Shale and the Midland-Wolfcamp tight oil fields are part of Devon‘s operations in USA where Devon has still a vast inventory of undrilled […]
Definition Tight oil refers to the light crude oil trapped in shale, limestone and sandstone formations characterized by very low porosity and permeability. Tight oil is normally a light crude oil found in the sedimentary formations that may also be called light tight oil (LTO) or tight shale oil or even shale oil. Comments But […]
