Monday’s drilling productivity report from the EIA shows the agency’s somewhat pessimistic expectations for domestic U.S. production. From October to November, the EIA estimates total new-well oil production in the Continue Reading
Offshore exploration has been a rare bright spot for the global oil and gas industry lately. Some of the movement in the offshore sector is coming as governments get more Continue Reading
New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region October 2016 November 2016 change October 2016 November 2016 change Bakken 900 923 23 1,247 Continue Reading
U.S. shale oil production was expected to fall for a 12th consecutive month in November, according to a U.S. government forecast released on Monday, on the back of a two-year Continue Reading
For more than two years the oil industry has suffered through its worst down cycle since the 1980s, and relief may not come until the middle of 2017 at the Continue Reading
Oil majors including Statoil, Shell and Chevron are experimenting with various technologies, from drones and drill design to data management, to drive down costs and weather a deep downturn. Crude Continue Reading
In the midst of the shale boom in 2013, Texas added more than 19,000 new jobs in the oil and gas production sector, leading the U.S. job increase in the Continue Reading
Eagle Ford rig Houston oilfield services company Baker Hughes, Inc. showed a four-rig increase in the United States oil count, marking 16 straight weeks of no-decline in the active oil Continue Reading
The number of rigs drilling for oil in the U.S. climbed four in the past week to 432, continuing a trend of increases, according to oil-field services company Baker Hughes Continue Reading
Don’t expect a major ramp-up of oil production in Oklahoma’s hot new shale plays any time soon, even as companies invest billions of dollars in the region, said Newfield Exploration Co.’s chief Continue Reading
