Trent Jacobs

1 month ago | jpt.spe.org | Trent Jacobs

The oil and gas industry will spend an estimated $400 billion this year, and the lion’s share—about 90%—will go toward keeping existing production flowing. That figure is a reminder that while new discoveries grab headlines, the heavy lifting in meeting global energy demand happens in the maintenance of aging wells. One of the central pillars of that effort is well intervention—an often underdiscussed but essential component of upstream engineering.

2 months ago | jpt.spe.org | Trent Jacobs

US independent EQT Corp. announced plans to acquire privately held Olympus Energy Holdings in a cash-and-stock transaction valued at $1.8 billion. The deal, revealed during EQT’s first-quarter earnings call, comes amid uncertainty over the potential impact of US tariffs on upstream supply lines.

2 months ago | jpt.spe.org | Trent Jacobs |Asia. Areas

Oil and gas executives across the southwestern US are expressing concern over new tariffs and mixed signals from Washington, DC, even as the White House calls on domestic producers to ramp up output, according to the latest Federal Reserve Bank of Dallas energy survey. Released 26 March, the quarterly survey captures business activity and sentiment across the Federal Reserve’s 11th District, which includes Texas, northern Louisiana, and southern New Mexico.

2 months ago | jpt.spe.org | Trent Jacobs |Asia. Areas

The US exported an average of 11.9 Bcf/D of liquefied natural gas (LNG) in 2024, maintaining its position as the world’s leading LNG exporter, according to a 27 March report issued by the US Energy Information Administration (EIA). The EIA described the export volumes as "essentially flat" compared with 2023, attributing this to factors including unplanned outages at LNG processing facilities, reduced demand from Europe, and minimal capacity expansions since 2022.

2 months ago | jpt.spe.org | Trent Jacobs

Shale producers have long sought to understand how fractures propagate underground, a fundamental question that shapes well spacing, completion strategies, and overall economics. A new study from Devon Energy (SPE 223547) aims to provide answers. It introduces the concept of fracture growth rate, which can “vary drastically” between formations, and examines the key geological and geomechanical factors driving those differences.