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Drillers added eight oil rigs in the week to May 19, bringing the total count to 720, the most since April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on May 19.
Drillers added nine oil rigs in the week to May 12, bringing the total count up to 712, the most April 2015, energy services firm Baker Hughes Inc. (NYSE: BHI) said on May 12. While that is more than double the same week a year ago when there were only 318 active oil rigs, the pace of those additions has declined with the total over the past four weeks falling to the lowest since March.
Vast gas resources offshore Mauritania and Senegal will benefit the two African countries and spur exploration, the CEO of Kosmos said.
U.S. energy firms added oil rigs for a 16th week in a row, extending a drilling recovery into a 12th month even as the pace of those additions has slowed in recent weeks as crude prices have held below $50 a barrel.
Partridge is a stratigraphic trap comprising deepwater mass flow sands of the Lower Cretaceous scapa sandstone member, the press release said.
Thanks to new innovations, Weir Oil & Gas is taking frack-iron handling and flowback operations where they’ve never been before.
The increasing costs associated with drilling debris prompted M-I SWACO, a Schlumberger company, to transfer lessons and technologies developed over 25 years of experience in pre-completion wellbore cleaning to the drilling environment.
Monster fractures and M&A are boosting regional activity in the ArkLaTex.
Secretary of the Interior Ryan Zinke, U.S. senators tout President Donald Trump’s executive order on offshore drilling while lawyers question his authority to withdrawal certain protections.
Drillers added nine oil rigs in the week to April 28, bringing the total count up to 697, the most since April 2015, energy services firm Baker Hughes Inc . (NYSE: BHI) said on April 28.
Armed with more efficient, less-costly ways to produce oil and gas, the ramp-up in U.S. shale activity is putting pressure on sand suppliers as E&Ps load more proppant in hopes of bigger payouts.
Superior bit performance starts with innovative and dynamic cutting elements.