North Dakota rig count moves lower
North Dakota exploration and production activity held below the most recent historic low point Monday, with the No. 2 oil producer losing a rig from last week. State data show Continue Reading
Initial production rates in tight oil formations continue to rise
Tight oil production in the United States increased from 2007 through April 2015, based on estimates in EIA’s Drilling Productivity Report (DPR), and accounted for more than half of total Continue Reading
It’ll Take More Than An Oil Rally To Restart Shale Boom
Explorers in US oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again. (Bloomberg) Continue Reading
More Drinking Water Contamination
Two recent drinking water investigations in Texas show dangerous levels of contamination. The larger study tested 550 water samples collected from public and private water wells in the north Texas Continue Reading
Continental’s proven reserves drop
U.S. shale leader Continental Resources reported its proved reserves for the year ending Dec. 31 declined by millions of barrels. Value of the company’s portfolio declined by about 10 percent Continue Reading
Oil Industry Caused 2005 Swarm of California Earthquakes: Newly Published Study
Oil and gas wastewater disposal has been tied to a series of earthquakes in California for the first time, in a peer-reviewed study published last Thursday. A string of quakes Continue Reading
U.S. shale oil output to double by 2035: BP
U.S. shale oil production will double over the next 20 years as drillers that became more efficient amid a slump in oil prices unlock new resources, British energy giant BP Continue Reading
Stung by Low Oil Prices, Companies Face a Reckoning on Debts
On the 15th floor of an office tower in Midland looms a five-foot-long trophy black bear, shot by the son of an executive at Caza Oil & Gas. But it Continue Reading
U.S. shale oil output to peak in 2020: Russia’s Sechin
Shale oil production in the United States will decline in the long-term and reach its peak by 2020, the head of Russian state-run oil company Rosneft said on Wednesday. “Shale Continue Reading
North Dakota continues shedding rigs
Lower crude oil prices continued to pressure upstream operations in North Dakota as the state shed two rigs since last week, state data show. The state government shows 42 rigs Continue Reading