Oil price shocks and policy implications the emergence of U.S. tight oil production: a case study

How have shocks to supply and demand affected global oil prices; and what are key policy implications following the resurgence of oil production in the United States? Highlights: − The recent collapse in global oil prices was dominated by oversupply. − The future of tight oil in the United States is vulnerable to obstacles beyond oil prices. − Opinions on tight oil from the Top 25 think tank organizations are considered. Global oil prices have fallen more than fifty percent since mid-2014. While price corrections in the global oil markets resulted from multiple factors over the past twelve months, surging tight oil production from the United States was a key driver. Tight oil is considered an unconventional or transitional oil source due to its location in oil-bearing shale instead of conventional oil reservoirs. These qualities make tight oil production fundamentally different from regular crude, posing unique challenges. This case study examines these challenges and explores how shocks to supply and demand affect global oil prices while identifying important policy considerations. Analysis of existing evidence is supported by expert opinions from more than one hundred scholars from top-tier think tank organizations. Finally, implications for United States tight oil production as well as global ramifications of a new low price environment are explored.

Impregnação de metais em xisto retortado para uso como adsorventes

Concern with the environment has lead to an increase in the research for new adsorption techniques, low cost adsorvent materials and with high availability. Many works search the development of higher selectivity modified adsorvents. The Brazil has the second world reserve of oiled shale, because of it, the use of that reject is of great interest. This study has the goal of characterize and analyze the retorted shale, reject of the pirobetuminous shale pyrolysis, and the retorted shale modified through the humid impregnation method, wich the precursors were the metals nitrates ( Cobalt, Nickel and Copper), to the usage has adsorvent materials. The samples were characterized chemically, textually and structurally by the X ray fluorescence (XRF), BET, X ray diffraction (XRD) and scanning electronic microscopy (SEM) techniques. The impregnated samples showed a reduction in the superficial area and in the pore volume when compared with the retorted shale. Besides that, diffractions referred to the impregnated metals where observed in the XRD analysis, wich were the same metals detected in the XRF and SEM analysis. The materials showed homogeneity in it s composition. The results shows that the materials presents adequate adsorption characteristics

Rejeito de xisto como adsorvente para remoção de fenol em águas produzidas na indústria de petróleo

Produced water is the main effluent linked to the activity of extraction of oil and their caring management is necessary due to the large volume involved, to ensure to minimize the negative impacts of discharges of these waters in the environment. This study aimed to analyze the use of retorted shale, which is a reject from the pyrolysis of pirobituminous shale, as adsorbent for the removal of phenols in produced water. The material was characterized by different techniques (grain sized analysis, thermal analysis, BET, FRX, FT-IR, XRD and SEM), showing the heterogeneity in their composition, showing its potential for the removal of varied compounds, as well as the phenols and their derivatives. For the analysis of the efficiency of the oil shale for the adsorption process, assays of adsorption balance were carried through, and also kinetic studies and dynamics adsorption, in the ETE of the UTPF of Petrobras, in Guamaré-RN. The balance assays shown a bigger conformity with the model of Langmuir and the kinetic model more adjusted to describe the adsorption of phenols in retorted shale was of pseudo-second order. The retorted shale presented a low capacity of adsorption of phenols (1,3mg/g), when related to others conventional adsorbents, however it is enough to the removal of these composites in concentrations presented in the produced water of the UTPF of Guamaré. The assays of dynamics adsorption in field had shown that the concentration of phenol in the effluent was null until reaching its rupture (58 hours). The results showed the possibility of use of the reject for removal of phenols in the final operations of the treatment process, removing as well, satisfactorily, the color and turbidity of the produced water, with more than 90% of removal

An Intelligent System for Petroleum Well Drilling Cutting Analysis

Cutting analysis is a important and crucial task task to detect and prevent problems during the petroleum well drilling process. Several studies have been developed for drilling inspection, but none of them takes care about analysing the generated cutting at the vibrating shale shakers. Here we proposed a system to analyse the cutting's concentration at the vibrating shale shakers, which can indicate problems during the petroleum well drilling process, such that the collapse of the well borehole walls. Cutting's images are acquired and sent to the data analysis module, which has as the main goal to extract features and to classify frames according to one of three previously classes of cutting's volume. A collection of supervised classifiers were applied in order to allow comparisons about their accuracy and efficiency. We used the Optimum-Path Forest (OPF), Artificial Neural Network using Multi layer Perceptrons (ANN-MLP), Support Vector Machines (SVM) and a Bayesian Classifier (BC) for this task. The first one outperformed all the remaining classifiers. Recall that we are also the first to introduce the OPF classifier in this field of knowledge. Very good results show the robustness of the proposed system, which can be also integrated with other commonly system (Mud-Logging) in order to improve the last one's efficiency.

Avaliação do comportamento de argila ativada na presença de água destilada, soluções salinas e inibidores de hidratação catiônicos

The clay swelling is today one of the major problems during the well drilling. Nearly 50% of clays that constitute shale expand easily in the presence of water molecules. During the drilling of a geological formation containing swelling clays, when is feasible the use of water base fluids, it is necessary to apply clay inhibitors. This avoids the incorporation of the cutting to the drilling fluid which is responsible for the wall swelling and crumbling. The aim of this work was to evaluate the synergistic behavior that occurs when swelling clay inhibitors are associated to NaCl and KCl salts. Three swelling clay inhibitors samples, INIB A, INIB B and INIB C, were analyzed. Each inhibitor was characterized by the amount of chlorides and active matter content. For the water-clay interaction evaluation in the presence of various fluids, it was used the Capillary Suction Timer (CST, Fann) and Linear Swell Meter (LSM 2000, Fann). For better interpretation of results, a Design of Experiments (DOE, Umetrics MODDE 7.0 TM) through Result Surface Methodology (RSM) was employed, taking into account the type, the swelling inhibitors concentration and the contact time with the clay. The results showed different efficiencies among the inhibitors employed, and the salt-inhibitors mixtures were more efficient than those products alone. However, for field operation, other parameters should be taking into account, as operational cost, environmental requests and time of application for each product

Análise de sedimento de fundo: uma amostragem representativa do estuário Potengi/RN

The aim of this study is to quantify the presence of major and minor elements in the sediments of estuary Potengi. Four georeferenced sampling points were used in the study, at which sediment samples were collected in the channel of the river and on the right and left banks. In addition, dissolved oxygen, salinity and water conductivity were taken in situ at the time of sample collection. The percentage of organic matter, determined by gravimetry, and granulometric analysis of the sediment samples were conducted in the laboratory. To quantify the major and minor elements a prior test to open the sample was conducted with standard NIST 1646ª estuarine sediment to choose the best methodology to be adopted. The sediment samples were dissolved in microwaves with nitric acid and chloridric acid, according to methodology proposed by US EPA 3051ª. Quantitative analyses of the elements Al, Fe, Cd, Cr, Cu, Mn, Ni, Pb and Zn were conducted by inductively coupled plasma optical emission spectrometry (ICPOES). The results showed that the partial concentrations of the elements analyzed are below average worldwide shale levels, the standard described by Turekian and Wedepohl (1961)

As relações entre tectonismo e seqüências deposiconais no rifte potiguar - porção SW do Graben de Umbuzeiro, bacia potiguar emersa

Through an integrated approach, using litho, chrono and biostratigraphic data, the relative importance of climate variations and tectonics were recognized in rift sediments of the onshore Potiguar Basin, Northeast Brazil. Concepts of sequence stratigraphy were applied as a template to integrate sedimentological and geochemical data (oxygen isotopes), as well as quantitative palynologic methods to address and recognize the main depositional patterns produced in a rift basin. The main objective was to address the relative importance of climate changes and tectonics to the resultant stratigraphic architecture. The results of computer simulations of sedimentary basin fills of rift basins were quite useful to test working hypothesis and mimic the process of filling a half graben during a rift event. The studied section includes a neovalanginian-eobarremian (Lower Cretaceous) rift interval from the Pendência Formation, located in the southwestern portion of Umbuzeiro Graben, in the offshore Potiguar Basin. The depositional setting is interpreted as progradational deltaic system entering a lake from its flexural margin. Sismoestratigraphyc and well logs analyses allowed to interpret two regressive intervals (Green and Yellow Sequences), separated by a broad transgressive interval (Orange Sequence), known as the Livramento Shale. The depositional history encompass three stages: two tectonically active phases, during the deposition of the Green and Yellow Sequences, and a tectonically quiescent phase, during the deposition of the Orange Sequence. Paleoclimatic interpretation, based on quantitative palynology and geochemical data (��18O), suggests a tendency to arid conditions during the tectonically active phases and wet conditions during the tectonically quiescent phase. Stratigraphic modeling and backstripping techniques, supported by paleoclimatic/paleoecologic interpretations provide a powerful methodology to evaluate the tectonic and climatic controls on tectonic lakes

Pirometamorfismo nos arenitos da Formação Açu, Bacia Potiguar, NE do Brasil

Pyrometamorphism results from conditions of high temperatures and very low pressures provoked by the intrusion of hypabyssal basic bodies into sedimentary or metassedimentary hosting rocks. The onshore portion of the Potiguar Basin in NE Brazil offers examples of this type of metamorphism nearby the contacts of Paleogene to Neogene plugs, sills and dikes of diabases and basalts crosscutting sandstones, siltstones and shales of the Açu Formation (Albian-Cenomanian). The thermal effects over these rocks are reflected on textures and minerals assemblages that characterize the sanidinite facies of metamorphism, often with partial melting of the feldspathic and mica-rich matrix. The liquid formed is potassic and peraluminous, with variably colored rhyolitic glass (colorless, yellow, brown) comprising microcrystals of tridymite, sanidine and clinoenstatite, besides residual detrital clasts of quartz and rarely zircon, staurolite and garnet. Lenses of shale intercalated within the sandstones display crystallites of Fe-cordierite (sekaninaite), mullite, sanidine, armalcolite (Fe-Ti oxide) and brown spinel. The rocks formed due to the thermal effect of the intrusions are called buchites for which two types are herein described: a light one derived from feldspathic sandstone and siltstone protoliths; and a dark one derived from black shale protoliths. Textures indicating partial melting and minerals such as sanidine, mullite, tridymite and armalcolite strongly demonstrate that during the intrusion of the basic bodies the temperature reached 1,000-1,150°C, and was followed by quenching. Cooling of the interstitial melts has as consequences the closure of pores and decrease of the permeability of the protolith, which varies from about 17-11% in the unaffected rocks to zero in the thermally modified types. Although observed only at contacts and over small distances, the number of basic intrusions hosted within the Potiguar Basin in both onshore and offshore portions leaves opened the possibility of important implications of the thermal effects over the hydrocarbon exploration in this area as well in other Cretaceous and Paleozoic basins in Brazil

Tafonomia de biválvios em calcários oolíticos da formação Teresina (Bacia do Paraná, Permiano Médio, Prudentópolis, PR)

Herein, it is presented the first detailed taphonomic study on bivalve mollusk shells preserved in the oolitic limestones of the Teresina Formation (probably Kungurian-Roadian, Lower-Middle Permian) in the eastern margin of the Parana basin. The selected beds are located in two quarries (informally named PRU 1 and PRU 2) in Prudentopolis municipality (Center-South Parana State), and positioned approximately in the middle of the formation and probably in the Pinzonella illusa Zone. The PRU 1 limestone ([approximately]30 cm thick), which is partially silicified and intercalated with predominantly pelitic rocks, is classified as a bivalve oolitic grainstone. The basal contact is erosive and the top shows symmetrical ripple marks, which are draped by shale with mud cracks. There are two fining-upwards successions characterized by dense to dispersed packing of the shells, which are usually disarticulated, randomly oriented (many nested/stacked) and mixed with some Formapelitic intraclasts. Microhummocky cross-stratification occurs a little below the top of the bed. The PRU2 bed is classified as ooidbivalve rudstone[approximately] (~5 cm thick), where all shells are disarticulated and fragmented, showing dense packing. The bivalves probably inhabited a muddy substrate and were mixed (as parautochtonous and allochthonous bioclasts) with ooids during high-energy storm events, including posterior shell displacement as a result of bioturbation. Thus, the calcareous beds represent amalgamated proximal tempestites with a complex taphonomic history, strong temporal/spatial mixing of bioclasts and limited paleoecological resolution. They are a typical example of shell beds generated in a huge epeiric sea, which was not necessarily connected to the ocean and where very low depositional-slope gradient, very slow subsidence and minimum sediment accommodation space caused frequent sediment reworking by storm related processes.

Micronucleus test and observation of nuclear alterations in erythrocytes of Nile tilapia exposed to waters affected by refinery effluent

Micronuclei and nuclear alterations tests were performed on erythrocytes of Oreochromis niloticus (Perciformes, Cichlidae) in order to evaluate the water quality from Paraiba do Sul river, in an area affected by effluents from an oil shale processing plant, located in the city of Sao Jose dos Campos, Brazil-SP. Water samples were collected on 2004 May and August (dry season) and on 2004 November and 2005 January (rain season), in three distinct sites, comprising 12 samples. It was possible to detect substances of clastogenic and/or aneugenic potential, as well as cytotoxic substances, chiefly at the point corresponding to the drainage of oil shale plant wastes along the river. The highest incidence of micronuclei and nuclear alterations was detected during May and August, whereas the results obtained in November and January were insignificant. This work shows that the effluent treatment provided by the oil shale plant was not fully efficient to minimize the effect of cytotoxic and mutagenic substances in the test organism surveyed. (c) 2006 Elsevier B.V. All rights reserved.

Radioactivity distribution in some Permian sediments from the Irati and Corumbatal formations of the Parana basin, southeastern Brazil

in the city of Limeira, southeastern Brazil, an important exposure of Permian sediments of the Parana basin was revealed by an open pit mine that exploits limestone for production of soil correction compounds and raw materials for the ceramic industry. The radioactivity of these sediments was investigated in some detail and the results provided a general view of the vertical distributions of uranium, thorium and potassium concentrations and of the element ratios U/K, U/Th and Th/K. In general, the concentrations of the main natural radioactive elements are low, with uranium being enriched in some limestone and shale levels. In addition the results showed that the U-238 series is in radioactive disequilibrium in many of the analyzed samples. Although the origin of the observed disequilibrium has not been investigated, the results suggest that it is due to weathering processes and water interaction with the rock matrix. (C) 2003 Elsevier Ltd. All rights reserved.

Camadas de tempestito grosso (coarse grained storm beds): exemplos do Permiano da bacia do Paraná

Tempestitos grossos constituem camadas delgadas de conglomerado gradando a arenito, com estratificação cruzada seguida de laminação ondulada truncante a simétrica e de drape/flaser de siltito/folhelho. Cinco exemplos extraídos do Permiano da bacia do Paraná ilustram esse tipo de depósito: três deles são de rochas siliciclásticas, contendo bioclastos de bivalves e vertebrados (Formação Rio Bonito-Membro Triunfo e Formação Palermo), enquanto os outros dois são de rochas carbonática e fosfática (respectivamente, formações Teresina e Corumbataí do Grupo Passa Dois). O componente tracional da base do tempestito grosso apresenta-se como arenite quartzoso/lítico ou grainstone oolítico com cimento calcífero preenchendo poros (casos das formações Palermo e Teresina). em sua maioria, os tempestitos grossos constituem pavimentos transgressivos intercalados em folhelhos ou tempestitos finos (arenitos muito finos a folhelhos com estratificação ondulada truncante-hummocky). em outro caso, extraído de subsuperfície, o pavimento transgressivo ocorre na base de uma sucessão progradante de barra de plataforma. O tempestito grosso da Formação Teresina constitui um evento transgressivo sobreposto a depósitos de barra de plataforma.

Metodologia para determinar parâmetros petrofísicos de corte em um campo de petróleo: o caso Socororo, bacia do Oriente, Venezuela

Coordenação de Aperfeiçoamento de Pessoal de Nível Superior (CAPES)

PALEOCLIMATIC CONTROLS ON STABLE OXYGEN AND CARBON ISOTOPES IN CALICHE OF THE ABO FORMATION (PERMIAN), SOUTH-CENTRAL NEW-MEXICO, USA

The stable oxygen and carbon isotopic composition of caliche in fluvial and supratidal rocks of the Abo Formation (Permian), south-central New Mexico, is controlled by palecoclimate and depositional environment. Fluvial caliche consists of low-Mg calcite nodules and vertically oriented tubules that display stage II texture. Micrite matrix support, brecciation, ooids/pisoliths, aveolar-septal texture, and peloids are common in the fluvial caliche and, along with red color and slickensides in the host shale, indicate pedogenesis in a well-oxidized vadose zone. In contrast, periodic waterlogging of the supratidal paleosols, probably due to high water table, is indicated by drab colors, carbonaceous flecks, horizontal rhizoliths, and the paucity of vadose textures in the stage II caliche nodules.Stable oxygen isotopes are similar in the fluvial and supratidal caliches and range from 21.6 to 30.5 parts per thousand (SMOW). The data exhibit a crude bimodality and delta-O-18 enrichment with a decrease in age (higher in the section). Consideration of these data in the context of delta-temperature relations suggests that 1) surface waters responsible for caliche formation increased in delta-O-18 (from roughly -8 to + 1 parts per thousand) over the 18 m.y. time interval that separated the lowest stratigraphic nodule horizon from the highest, 2) the increasing delta-O-18 values also reflect a warming trend (approximately 15-degrees to nearly 30-degrees-C) in the mean monthly temperature over this same time period, with perhaps an associated increase in Permian ocean temperatures, and 3) the significant variation in delta-O-18 from oldest to youngest caliche was probably enhanced by the amount effect, such that as the temperature increased, the amount of precipitation decreased, resulting in high delta-O-18 values.Caliches in the Abo are enriched in heavy carbon (-7.2 to -1.5 part per thousand PDB) compared to that of soil carbonate derived exclusively from C3 plants (-12 part per thousand PDB), and the supratidal caliches contain somewhat heavier carbon compared to the fluvial caliche. The delta-C-13 values for both environments increase with a decrease in caliche age. These results indicate that as the temperature increased and rainfall decreased with time, the level of C3 plant productivity apparently declined, allowing a greater influx of atmospheric CO2 into the soil. This can only occur when soil respiration rates are quite low or at very shallow depths (less than 10 cm), or both. Atmospheric CO2 seems to have invaded the supratidal soils to a somewhat greater extent than the fluvial soils.

A seqüência mafra superior \ Rio Do Sul inferior (Grupo itararé, permocarbonífero) em sondagens testemunhadas da região de mafra (SC), Margem Leste da Bacia do Paraná

The Permo-Carboniferous Harare Group crops out in the Matra area, represented by Campo do Tenente, Mafra and Rio do Sul formations; they correspond in subsurface to Lagoa Azul, Campo Mourão and Tacïba formations. A composite sampling of the Group was performed through drilling of six wells, which average 60 m in depth; three of them cored the depositional sequence here designated as Upper Mafra\Lower Rio do Sul. The Upper Mafra Formation were sampled by TC-4 and BR-5 wells, and it consists of three units: the lower two are sandy, glacial-deltaic and fluvial-deltaic in origin, corresponding to a lowstand tract. The last unit is composed of two dirtying-upward successions of sandstone, diamictite and rhythmite, interpreted as deglaciation/transgressive events, and well represented in BR-5 drilling. The Lower-Rio do Sul Formation (Lontras Shale) is formed by two marine units: the lower one is represented by shale and bioturbated siltstone which culminate the previous deglaciation, transgressive succession, while the upper one, sampled by SL-2 well, is formed by shale and thin, turbidite sandstone, attributed to a highstand tract.