US oil, gas rig count climbs 8 to 538, gas rigs hit 1-year high: Enverus
The US oil and gas rig count climbed eight to 538 in the week ended April 28, rig data provider Enverus said, as the number of active gas rigs hit Continue Reading
Oil-rich Bakken Shale shows promise of natural gas growth despite fewer rigs
Although oil production in most US shale basins is not expected to reach pre-coronavirus levels until at least late 2023, additional processing and higher gas-to-oil ratios might still lead to Continue Reading
Texas Upstream Adds 4,300 Jobs
TXOGA reports the Lone Star State added 4,300 jobs in March. The Texas Oil and Gas Association (TXOGA) reported Tuesday that the state’s upstream sector added 4,300 jobs in March. Continue Reading
Schlumberger names new executives to energy transition business – memo
The exterior of a Schlumberger Corporation building is pictured in West Houston January 16, 2015. REUTERS/Richard Carson Top oilfield services firm Schlumberger NV (SLB.N) on Monday named new executives to Continue Reading
U.S. Oil Inventories Rise Beyond Expectations
The American Petroleum Institute (API) on Tuesday reported an extensive build in crude oil inventories of 4.319 million barrels for the week ending April 23. Analysts had predicted a much Continue Reading
Cautious Hedging Costs U.S. Drillers Billions
A month ago, ConocoPhillips warned it would book a $600-million impairment to its first-quarter profits from its acquisition of Concho Resources and, as Reuters reported at the time, related oil Continue Reading
Number of wells drilled in Permian, Eagle Ford make substantial recovery
After the number of drilled but uncompleted wells demonstrated a dramatic drop across multiple US basins in the past year, heightened drilling activity and stable commodity prices are starting to Continue Reading
April’s EIA Oil Growth Projections
Normally near the end of the month an update on world oil output is posted here. However this month the EIA’s world oil report will appear too close to the Continue Reading
New Use for Orphaned Oil Wells and More
A New Use for Orphaned Oil and Gas Wells? Petrolern LLC, an Atlanta-based service and technology firm specializing in subsurface engineering and downhole tools, is looking to repurpose some orphaned Continue Reading
Schlumberger sees drilling, construction activity ramp worldwide in 2021
Highlights North America sees activity growth going forward International activity likely strengthens in H2 Offshore presents unique opportunities for industry Houston — Drilling, well construction and reservoir activity around the Continue Reading