Drilling Productivity Report
The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs Continue Reading
Behind the Energy Crisis: Fossil Fuel Investment Drops and Renewables Aren’t Ready
An energy price shock is serving as a reminder of the world’s continued dependency on fossil fuels—even amid efforts to shift to renewable sources of energy. Demand for oil, coal and Continue Reading
Column: Global oil market is tight, despite what producers say
Global petroleum inventories have fallen to their lowest seasonal level for seven years as producers have failed to raise output to match the rapid rebound in consumption since last year’s Continue Reading
U.S. drillers add oil and gas rigs for sixth week in a row -Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a sixth week in a row as oil prices soared to their highest since 2014, prompting drillers to Continue Reading
Rising U.S. Oil Production Unlikely To Spoil OPEC’s Party
Permian oil production could reach pre-pandemic levels soon Control over the market’s marginal oil supply and oil prices is firmly in the hands of OPEC+ Overall, America’s production growth next Continue Reading
As Western Oil Giants Cut Production, State-Owned Companies Step Up
After years of pumping more oil and gas, Western energy giants like BP, Royal Dutch Shell, Exxon Mobil and Chevron are slowing down production as they switch to renewable energy Continue Reading
Halliburton Strikes Electric Frac Deal
The multi-year contract is with Aethon Energy. Halliburton Company (NYSE: HAL) has announced that it and VoltaGrid LLC have entered into a multi-year contract with Aethon Energy to deploy an Continue Reading
The U.S. Shale Industry Desperately Needs To Drill
Drilled but uncompleted wells in the U.S. shale patch hit November 2017 levels in July of this year, suggesting the industry desperately needs to start drilling While U.S. shale companies Continue Reading
First Fully Automated Land Rig Drills First Well
The well was drilled to a total measured depth of 19,917 feet. Nabors Industries Ltd. (NYSE: NBR) has announced that the world’s first fully automated land drilling rig has reached Continue Reading
Methane Plume Above New Mexico Gas Wells Spotted From Space
A large cloud of planet-warming methane was detected in the natural gas-rich San Juan Basin in New Mexico by geoanalytics company Kayrros SAS. A large number of gas companies operate Continue Reading