US oil, gas rig count drops for first time this year, losing 11 rigs
The US oil and gas rig count took a step back, falling 11 to 530 on the week, rig data provider Enverus said April 22 – the first rig count Continue Reading
Oilfield Services Giants Optimistic About Drilling Recovery
Two of the world’s largest oilfield services providers, Baker Hughes and Halliburton, reported on Wednesday profits beating expectations and expressed optimism that oil demand and oil drilling activity will grow Continue Reading
Diesel Frac Glut Hinders Lower-Carbon Fleet Adoption
Billionaire Alejandro Bulgheroni’s dream of making fracking more environmentally friendly is running up against the reality of shale-patch economics. The Argentine oil tycoon has pumped about $250 million into developing Continue Reading
Oilfield Services Company Turn To Tech To Boost Profitability
Artificial intelligence, the cloud, robots – these are concepts and products we associate with the IT industry. But there is one notoriously traditional, slow to innovate industry that is now Continue Reading
Landmen Who Once Staked Claims for Oil and Gas Now Hunt Wind and Sun
Carter Collum used to spend mornings shoulder to shoulder with competitors in the record rooms of East Texas courthouses, hunting for the owners of underground natural-gas deposits. At night, he Continue Reading
Oil And Gas Bankruptcies Jump Despite Rise In Crude Prices
The oil and gas sector is currently enjoying a mini-boom cycle as economies gradually re-open and oil demand begins to return to a semblance of normalcy. The oil markets are Continue Reading
U.S. Rig Count Increases As Oil Prices Hold Above $60
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 7 this week, bringing the total rig count to 439. Last Continue Reading
U.S. Oil Bankruptcies Shoot Up In Q1 2021
The number of North American producers that filed for bankruptcy protection in the first quarter of 2021 reached the highest number for a first quarter since 2016, yet the wave Continue Reading
Bakken gas production, rig count slower to recover than other US basins
Bakken natural gas production continues to show slight declines, allowing for additional Canadian exports to the US Midwest as Watford City hub prices fall to nearly $2/MMBtu. Receive daily email Continue Reading
Decade of efficiency gains deliver the most commercial wells in US shale’s history
An overwhelming amount of attention has been paid to the US tight oil industry’s financial wellbeing following the unprecedented Covid-19-induced downturn of 2020, while the aspect of operational efficiency gains Continue Reading