Rising productivity in the Wolfcamp, like in other plays in the Permian Basin, has been driven mostly by drilling longer horizontal laterals and optimizing completions, according to EIA. The length of laterals in the Wolfcamp increased from an average of 2,500 linear feet in 2005, to more than 8,500 linear feet in 2018.
Author: News
NYSE:LBRT – Liberty Oilfield Services Stock Outlook
Bank of America Corp DE grew its stake in shares of Liberty Oilfield Services
Optimism Over End to Oil Glut
Crude posted its biggest gain in almost two months as the world’s largest oil exporters prepare to discuss global supplies.
Futures rose 2.4 percent in New York on Monday after registering the worst weekly swoon in more than 2 1/2 years. All eyes are on this week’s G20 gathering in Argentina that will include Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin. That event will be followed by a key OPEC meeting next week in Vienna.
The Mexico City-based company Vista Oil & Gas plans to invest $157.4 million in Argentina’s Vaca Muerta
Vista Oil & Gas plans to invest $157.4 million in its first pilot projects in Vaca Muerta, betting on the Argentinian shale play for oil and natural gas production growth.
$50 oil is bad for the US, Goldman Sachs commodity chief warns
Goldman Sachs contradicts Trump: $50 oil is bad for the US, commodity chief warns
$50 oil is bad for the U.S. because it hurts American drillers and threatens to create problems in the credit market, Goldman Sachs’ Jeff Currie warns.
President Donald Trump has been cheering oil’s plunge into a bear market and urging Saudi Arabia to drive the cost of crude even lower.
Currie thinks Saudi Arabia and Russia will prevail in convincing Trump that price-boosting production cuts are necessary at this week’s G-20 meeting.
EOG Will Boosts Spending, Oil Production Guidance After Record Quarter
EOG Resources Inc. is increasing its 2018 exploration and development expenditure forecast and raising its target for full-year crude oil production growth after posting record volumes during the third quarter, management said.
Trump’s quest to drive down oil prices turns the screws on American drillers
After a stunning plunge in the price of oil over the last seven weeks, President Donald Trump has rooted for oil prices to fall even further.
Yet the U.S. oil and gas industry, a pillar of Trump’s political base, might be decidedly likely less enthusiastic.
The U.S oil boom is now hitting the market / Justices to Decide Whether Rule of Capture Applies to Fracking
The U.S oil boom is now hitting the market, thanks to (frac) fracking, it has stunned global energy markets. The U.S. has already leapfrogged both…
Russia’s energy ministry is discussing potential oil production cuts
Russia’s energy ministry is discussing potential oil production cuts with local producers and will continue the production cut talks to come up with a position…
North Dakota oil industry is likely to slow down in upcoming months
Falling prices are a key reason for a decline in the oil-rig count in North Dakota from 67 in October to 62 currently, Helms said….
CIA: Saudi Crown Prince Mohammed bin Salman ordered the assassination of journalist Jamal Khashoggi
The CIA has determined that the Oil rich Saudi Crown Prince Mohammed bin Salman ordered the assassination of journalist Jamal Khashoggi, The Washington Post reported…
Russian Crude Is highly valued by Asian refiners for its strong middle distillates yield
Spot premiums for Russian crude oil grades Sokol and ESPO Blend sold in Asia stayed firm on Friday, supported by strong demand for crude that…
