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Energy Industry Articles – Week of Oct. 18, 2020

Energy Industry Articles This Week

Written and Edited by Debora Martogi

Howdy!

The TAMU-SPE and the Well Log committee are initiating the “Energy Industry Articles This Week”, which covers the articles read by students and faculty recently. If you would like to share and be featured, please feel free to share them through the following form. The following are articles shared by Obi Edmond (Master’s student) and Dr. Siddharth Misra (Associate Profesor) this week.  Many thanks to Obi and Dr. Misra for sharing. Have a great week and stay well, all!


Fracture Closure Stress: Reexamining Field and Laboratory Experiments of Fracture Closure Using Modern Interpolation Methodologies    [SPE 187038] – D.P. Graig, N.R. Warspinski, and T.A. Blasingame    

There are not much work on relating the hydraulic fracture closure obtained in the lab to established fracture closure interpretation methods, such as G-function derivative analysis, log-log storage diagnostics, and the changing-compliance method. Recent inter- pretation methods tend to predict higher closure method compared to the traditional fracture closure interpretation methods. The following work re-examined the laboratory and field experiments of hydraulic fracture closure. The fracture closure is determined through measured bottomhole pressure and downhole tiltmeters in the field, while the laboratory fracture closure experiments are done in the lab. Results from both experiments are comparable to the fracture closure interpreted from the pressure falloff and the relationship to the minimum horizontal stress.


Controlling Subsurface Fractures and Fluid Flow: A Basic Research Agenda                                              L.J. Pyrak-Nolte and D.J. DePaolo [DOE Report]

80% of the energy consumed in the United States each year are obtained from the subsurface. In the future, subsurface can serve as storage for energy produced from wind and solar, and also store excess carbon dioxide, energy waste, and other hazardous materials. To improve our understanding of energy-rated subsurface engineering that will benefit both the economy and the environment, the US Department of Energy established SubTER – the Subsurface Technology and Engineering RD&D Crosscut team. The team is made up of scientists and engineers from national laboratories working together to produce a plan for “adaptive control subsurface fractures and fluid flow”. The plan revolves around four core technological pillars: “Intelligent Wellbore Systems that sustain the integrity of the wellbore environment; Subsurface Stress and Induced Seismicity programs that guide and optimize sustainable energy strategies while reducing the risks associated with subsurface injections; Permeability Manipulation studies that improve methods of enhancing, impeding and eliminating fluid flow; and New Subsurface Signals that transform our ability to see into and characterize subsurface systems.” The following report goes through some fundamental issues of energy-related subsurface engineering.


     U.S. Oil and Natural Gas: Providing Energy Security and Supporting Our Quality of Life                                                                                 – Office of Fossil Energy [DOE Report]

The following document is a recent report (published in October 2020) on how oil and natural gas play will still play an essential role in near foreseeable future. Technology advancement in past 20 years has result in the increase in domestic oil and natural gas production and enabled the US to move from being an energy importer to a net energy exporter. “The Office of Oil and Natural Gas at the U.S. Department of Energy (DOE) produced this report to recognize the critical role of advanced energy technology innovation in maintaining U.S. economic success and providing a sustainable domestic energy supply for the future.” The report includes review of innovations in oil and natural gas recovery, benefits of the increased in domestic oil and natural gas, and how oil and gas will remain as an integral part of transition toward a lower carbon future.


Bonus : Principles – Ray Dalio [excerpt    

“Ray Dalio, one of the world’s most successful investors and entrepreneurs, shares the unconventional principles that he’s developed, refined, and used over the past forty years to create unique results in both life and business—and which any person or organization can adopt to help achieve their goals.

In Principles, Dalio shares what he’s learned over the course of his remarkable career. He argues that life, management, economics, and investing can all be systemized into rules and understood like machines. The book’s hundreds of practical lessons, which are built around his cornerstones of “radical truth” and “radical transparency,” include Dalio laying out the most effective ways for individuals and organizations to make decisions, approach challenges, and build strong teams. He also describes the innovative tools the firm uses to bring an idea meritocracy to life, such as creating “baseball cards” for all employees that distill their strengths and weaknesses, and employing computerized decision-making systems to make believability-weighted decisions. While the book brims with novel ideas for organizations and institutions, Principles also offers a clear, straightforward approach to decision-making that Dalio believes anyone can apply, no matter what they’re seeking to achieve.” – About the book taken from Simon & Schusters

If you would like to get a brief preview of the Principled approach, check out his 15-minute TED talk here or see below.


Disclaimer: The Well Log is a non-profit publication aimed “purely” to educate students at Texas A&M University and beyond on information pertinent to the petroleum engineering industry. All articles are written by student volunteers based on information obtained through online sources and SPE publications. If you are the owner of any materials we cited and would like us to remove it from our publications, please contact The Well Log Editors at thewelllog@gmail.com


Sources: 

Craig, D. P., Barree, R. D., Warpinski, N. R., & Blasingame, T. A. (2017, October 9). Fracture Closure Stress: Reexamining Field and Laboratory Experiments of Fracture Closure Using Modern Interpretation Methodologies. Society of Petroleum Engineers. doi:10.2118/187038-MS

L.J. Pyrak-Nolte, D.J. DePaolo. (2015). Controlling Subsurface Fractures and Fluid Flow: A Basic Research Agenda. Department of Energy (2015)

Office of Fossil Energy. (2020, October 5). U.S. Oil and Natural Gas: Providing Energy Security and Supporting Our Quality of Life. US Department of Energy (2020)

https://www.bridgewater.com/principles-and-culture

https://www.simonandschuster.com/books/Principles/Ray-Dalio/9781501124020

https://www.ted.com/talks/ray_dalio_how_to_build_a_company_where_the_best_ideas_win?language=en

2020-10-18T19:13:13+00:00

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