Chesapeake Energy Declares ‘Propageddon’ With Record Shale Frack
Mega amounts of sand are used to prop open cracks in the rock Production boosted 70 percent as a result of the new method The era of the monster frack Continue Reading
OPEC Price War Offers Meager Rewards as Shale Learns to Survive
Surviving boom and bust cycle affirmed shale viability: Exxon U.S. executives say they can grow output at $50 a barrel When the Organization of Petroleum Exporting Countries started its price Continue Reading
Shale Drillers Are Going Long — Not Deep — in the Oil Patch
SM Energy’s $1.6 billion Permian buy is ripe for long wells A well in Ohio holds the unofficial record at 18,544 feet Long is the new deep. Just ask SM Continue Reading
Oasis Deal Shows Bakken’s Not Dead Yet as Drilling Costs Drop
North Dakota drilling costs have fallen by half since 2014 Exit of other explorers ‘creates some opportunity,’ CEO says Oasis Petroleum Inc.’s double-down on North Dakota’s Bakken oilfields shows the Continue Reading
EIA’s Contradictory Oil And Gas Predictions For 2017
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
Drilling Productivity Report
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 output drop seen for 12th straight month in November: EIA
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
Texas Is Making An Energy Recovery
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
U.S. Rig Count Rises To 8 Month High As Permian, Eagle Ford See Decline
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
U.S. Oil-Rig Count Climbs by Four
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