Industry News

Drilling and Completions

Drill rigs in Canada double in January
A bullish US crude oil market is rippling north as the number of rigs drilling for oil and gas in Canada more than doubled to 203 last week.This new exploration activity comes on the back of American crude futures.....

US oil drillers face growing issue of water disposal: Fuel for Thought
For every barrel of oil produced from the average Permian Basin well, about three barrels of water get pumped out with it. The water-to-oil ratio is lowest in the established Midland Basin, but more exaggerated........

New University of Michigan Report Details State and Future of Hydraulic Fracturing
The University of Michigan’s Graham Sustainability Institute released a report today about the potential future of natural gas extraction in the state. Researchers focused specifically on hydraulic fracturing, and state

Hydraulic fracturing set to reduce greenhouse gases using waterless solution
Millennium Stimulation Services is introducing a patented process of using Energized Natural Gas (ENG) as a fluid solution for hydraulic fracturing. This process allows a virtually complete replacement of water volumes

Eagle Ford Geology Assessment and Activity Update
The Eagle Ford is located in South-Central Texas extending from the Maverick Basin, through the Central Texas Platform, across the San Marcos Arch and ending in the East Texas Basin. Overall the Eagle Ford is about 50..

The Leading US Land Driller Is Waiting For The Next Shoe To Drop
The number of rigs drilling unconventional oil wells in the Lower 48 has been surprisingly resilient over the past few months. After the massive decline through April, stability (and even a bit of an uptick) has been...

COMMODITY INDEX

NEWS CATEGORIES