Is The Oil Production Efficiency Boom Coming To An End?
“How much more productive can these new wells get?” I asked my host who had kindly invited me on a field trip to some of western Canada’s most prolific oil Continue Reading
Too Big to Frack? Oil Giants Try Again to Master Technology That Revolutionized Drilling
The oil-and-gas well BP PLC BP 1.21 % is drilling here in the Texas Panhandle looks ordinary enough from the surface. Yet a mile-and-a-half underground, horizontal pipes shoot off for Continue Reading
U.S. shale output drop seen for 10th straight month in September: EIA
U.S. shale oil production is expected to fall for a tenth consecutive month in September, according to a U.S. government forecast released on Monday, as low oil prices continue to Continue Reading
Private Explorers Lead U.S. Rig Count to Longest Rally in Years
Closely held E&Ps account for nearly half of U.S. working rigs Public companies grew rigs 11% vs private explorers’ 77% climb The longest rally for U.S. oil rigs in years Continue Reading
North Dakota rig count lower for second week
As of Monday, the number of rigs actively exploring for or producing oil and natural gas in North Dakota was lower for a second straight week, state data show. State Continue Reading
Shale’s Efficiency Drive And The Coming Frac Sand Boom
Preoccupied with oil prices, API and EIA production reports and rig counts, most U.S. oil industry watchers miss one quiet segment of this industry that is actually thriving and will, Continue Reading
In appeal of US fracking ruling, arguments center on precedent
A recent judge’s decision that overturned Obama administration rules on hydraulic fracturing on federal and Indian lands ignores more than a century of regulatory precedent, an attorney appealing that decision Continue Reading
Industry advocate downplays report that reignited fracking debate
A drilling industry advocacy group on Monday downplayed a report released last week by a scientific panel that called into question a major finding that the Environmental Protection Agency had Continue Reading
North Dakota Bakken/Three Forks Update
The North Dakota Industrial Commission (NDIC) reported June crude plus condensate (C+C) output on August 12, 2016. North Dakota(ND) Bakken/Three Forks (BTF) output fell by 20.46 kb/d in June to Continue Reading
North Dakota oil output seen falling below 1 million barrel/day mark
Multiple oil well sites are seen on the Fort Berthold Indian Reservation in North Dakota, in a November 1, 2014 file photo. North Dakota’s daily oil production will soon drop Continue Reading