According to the Congressional Research Service, the United States has seen resurgence in petroleum production, mainly driven by technology improvements—hydraulic fracturing and directional drilling—developed for natural gas production from shale formations. Application of both these technologies enabled natural gas to be economically produced from shale and other unconventional formations, and contributed to the United States becoming the world’s largest natural gas producer in 2009. The use of these technologies has also contributed to the rise in U.S. oil production over the last few years. In 2009, annual oil production increased over 2008, the first annual rise since 1991, and has continued to increase each year since then. Between October 2007 and October 2013, U.S. monthly crude oil production rose by 2.7 million barrels per day, with about 92% of the increase coming from shale and related tight oil formations in Texas and North Dakota. Other tight oil plays are also being developed, and helped raise the prospect of energy independence, particularly for North America.
The rapid expansion of oil and gas extraction using hydraulic fracturing—both in rural and more densely populated areas—has raised concerns about its potential environmental and health impacts. These concerns have focused primarily on potential impacts to groundwater and surface water quality, public and private water supplies, and air quality. Yet, the methods used to recover oil and gas resources from unconventional reserves, especially hydraulic fracturing, have always had a "black box" image. This is partly due to the knowledge about these methods, which occur thousands of feet below the surface, being generally controlled by specialists and engineers out of the reach of the public domain.
To fill in this information gap, this conference by Dr. Barry Stevens focuses on the advanced technologies used to recover oil and gas from oil formations and shale gas formations. Barry will talk about how the industry uses science and technology to improve production through unconventional recovery methods, both improved and enhanced. He will also explain on-shore oil extraction and shale gas hydrofracturing.
In this program, you will learn
Who should attend
Dr. Barry Stevens
Dr. Barry Stevens is the founder and president of TBD America, Inc. a Technology Business Development consulting group serving the public and private sectors in the energy, fuels and water treatment industries. Barry has deep industry knowledge and front line experience in unconventional gas development (shale gas... More info