As the Baker Hughes rig count ticks upwards, oilfield services providers (OFS) are seeing a much-awaited revenue rebound in the heart of the United States’ most prominent drilling areas. Spending Continue Reading
The shale oil and natural gas sector in Oklahoma is on better footing now that OPEC has agreed to cut its production, the state’s governor said. Oklahoma is one of Continue Reading
The number of rigs drilling for oil in the U.S. rose by three in the past week to a total of 477, according to oil-field services company Baker Hughes Inc. Continue Reading
This week’s Baker Hughes count shows a three-site increase for the United States oil rig count, bringing the number of active oil rigs to its highest point since the end Continue Reading
Oil rig Although OPEC’s decision to take 1.2 million bpd off the market as of January is undoubtedly good news for the U.S. shale patch, companies would likely wait to Continue Reading
In a November 15 press release , the United States Geological Survey (USGS) announced that there might be lot more oil in Texas than previously estimated: The Wolfcamp shale in Continue Reading
If anyone is cheering the news of an OPEC deal it is U.S. shale producers. The OPEC agreement sent oil prices shooting up this week, with WTI and Brent quickly Continue Reading
In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Continue Reading
Oilfield services company Baker Hughes said it formed a business venture with Goldman Sachs and others that would focus on North American hydraulic fracturing. Baker Hughes will own a 46.7 Continue Reading
Two shale counties in Texas dominated the landscape, though crude oil production is holding relatively stable, data from the state show. The Railroad Commission of Texas, the state energy regulator, Continue Reading
