Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Shale Boom Creates New U.S. Oil Export Hub
Soaring Permian oil production, increased pipeline takeaway capacity, and a port expansion to accommodate larger vessels position the Texas port of Corpus Christi to become the U.S. oil export hub Continue Reading
Oil Bust Was Actually Good for a Town Called ‘Shale City’
As the price of oil goes, so goes Williston, North Dakota. Now, though, the community located deep in the state’s Bakken shale play is working to break free from the Continue Reading
EIA: U.S. Shale Oil Output To Jump 131,000 Bpd In April
Shale output at seven major U.S. oil and gas plays will climb by 131,000 barrels per day next month to hit a 6.954 million bpd according to a new report Continue Reading
U.S. Oil Rig Count Falls As Gas Rig Count Soars
Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 984, which is Continue Reading
Permian Investments Represent $2 Of Every $10 In Global OFS Spend
Investments in the Permian Basin represent $2 of every $10 spent on oilfield services and equipment worldwide, according to analysis by an Oklahoma-based consulting firm. Spears & Associates said spending Continue Reading
With higher oil prices holding, producers stick to restraint
The fourth quarter upstream earnings season raised multiple issues in the oil patch. But the biggest theme was really a single, solid dilemma: can E&P operators hit their production growth Continue Reading
Saudi Arabia Plans Its Own Shale Revolution
Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants Continue Reading
BHP says will consider asset swaps as part of shale exit
Global miner BHP will consider swapping certain onshore oil and gas assets with competitors’ offshore assets, as part of its effort to exit U.S. shale formations, Steve Pastor, BHP’s president Continue Reading
ESTIMATING TEXAS PRODUCTION-BRIDGING THE GAP
) The Texas Railroad Commission (RRC) had the oil and gas production reported online in early 2005, and became fully online for producers and the public on Feb 14, 2005. Continue Reading