Shale Gas: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

ExxonMobil Awards Weatherford A Technology License

Source: www.gulfoilandgas.com 3/26/2012, Location: North America

Share |

ExxonMobil Upstream Research Company (URC) announced the licensing of its award-winning Multi-Zone Stimulation Technology (MZSTSM) well treatment process to a subsidiary of Weatherford International Ltd. The MZST process can be used to rapidly and reliably stimulate multiple zones in a single operation, yielding improved well economics.

The MZST process can be particularly beneficial for hydraulic fracturing operations in tight gas, shale gas and coal bed methane wells that target multiple reservoir zones, thick reservoir sections or long reservoir intervals where multiple stimulation treatments are required.

“The MZST process is a proven technology for rapidly completing wells in tight reservoirs such as shale gas,” said URC President Sara Ortwein. “As shale gas takes on growing significance, this technology will play a key role in improving the economics of developing this unconventional resource.”

The MZST process will enable Weatherford to optimize its stimulation operations by combining the deployment of perforating and hydraulic fracturing equipment simultaneously in the wellbore to enable "single-trip" multi-zone stimulations. The technology dramatically increases the number of zones that can be fractured per day compared to traditional fracturing and stimulation operations.

“We are always looking for proven technology to reduce completion costs without sacrificing safety or well integrity,” said Gary Flock, Weatherford vice president of pressure pumping. “The MZST process is an excellent fit with our existing portfolio of completion and well stimulation technologies and services and will help us add value to our customers in the unconventional gas business.”

The MZST process was developed by ExxonMobil Upstream Research Company, an affiliate of Exxon Mobil Corporation. The technology was recognized with Platts Global Energy Award for Most Innovative Commercial Technology in 2005 and has been licensed to numerous service companies.



Shale Gas News in United States >>

Gastar Resumes Unrestricted Marcellus Shale Production
United States >>  4/15/2014 - Gastar Exploration Inc reported that production from its Marshall County, West Virginia operations has resumed with no restrictions following the succ...
Chevron, YPF Continue Development of Vaca Muerta Shale in Argentina
Argentina >>  4/10/2014 - Chevron Corporation confirmed that subsidiaries of the company have signed agreements with the Argentine oil company YPF S.A. to continue development ...

Gastar Resumes Marcellus Shale Production
United States >>  4/10/2014 - Gastar Exploration Inc. reported the production from its Marshall County, West Virginia operations resumed Wednesday night at reduced rates following ...
BNK Petroleum Provides Operations Update
Poland >>  4/8/2014 - BNK Petroleum Inc. is providing an update on its Polish shale gas project as well as its Tishomingo Field, Caney oil shale operations in Oklahoma. ...

Athlon Energy to Acquire Northern Midland Basin
United States >>  4/8/2014 - Athlon Energy has entered into multiple definitive agreements with five unrelated third-party sellers to acquire certain producing properties and unde...
Donnycreek Reports Test Results in Upper Montney Zone
Canada >>  4/7/2014 - Donnycreek Energy Inc. reports that its eighth Kakwa horizontal Montney well at 02/14-30-63-5 W6 (the "02/14-30 Well") (Donnycreek 50% working interes...



Related Categories: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 |


More News

Oil & Gas Companies in United States >>

Related Links

Countries Quick Links

CA US
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us