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Drilling

February 5, 2021

Vaca Muerta Crude Oil Production field grew 39%

Drilling, Fracking

After the start-up of the Argentine Natural Gas Production Promotion Plan in January, the activity of the Vaca Muerta hydrocarbon field grew 39% compared to December of last year. …

News
DRILLING RIG COUNT
August 8, 2020

Active Drilling rig count in the U.S. fell to 176, the lowest since 2005

Drilling, Drilling Rigs

Drilling drops to 15-year low in Permian Basin and other U.S. oil patches. The number of active oil rigs in the U.S. fell to 176,…

News
EOG Resources
May 9, 2020

EOG expects to have six rigs for the remainder of 2020

Drilling, Drilling Rigs, EOG Resources

EOG Resources, Bill Thomas. Second Quarter and Full Year 2020 Forecast We entered this downturn in a position of operational and financial strength, and the…

News
ND RIG COUNT
May 6, 2020

North Dakota Current Active Drilling Rig Count has Crashed

Drilling, OilField

North Dakota Rig count has crashed compared to last year, and it could get even worse. The Bakken oil field is in freefall, Companies like…

News
CAIRN Energy Mexico Bust
May 6, 2020

Cairn Energy finds a dry well in Gulf of Mexico.

Cairn Energy, Drilling, OilField

CAIRN Energy has suffered fresh disappointment with the drill bit in the Gulf of Mexico. Edinburgh-based Cairn told investors yesterday that drilling on the last…

News
March 20, 2020

Continental Resources plans to cut rigs and spending in 2020

Continental Resources, Drilling, Drilling Rig

Continental Resources on Thursday cut its 2020 capital spending budget by 55%, reports said. Continental Resources said it intends to spend about $1.2 billion in…

News
March 15, 2020

Hess CEO John Hess said he expects rig count to be half of what it is now

Commodities, Crude Oil Prices, Drilling, Hess Corporation

The rig count is expected to be cut in half as oil prices collapse and as an all-out Crude Oil war between Saudi Arabia and…

News
March 12, 2020

Apache says it will reduce its Permian rig count to zero

Apache, Drilling

Apache says it will reduce its Permian rig count to zero over the coming weeks, and plans to lower activity in Egypt and the North…

News
March 6, 2020

Driller Pioneer Energy Services filed for Chapter 11 bankruptcy protection

Drilling, OilField

Pioneer Energy Services (NOT TO BE CONFUSED WITH PIONEER NATURAL RESOURCES) filed for Chapter 11 bankruptcy protection Sunday. The company hasn’t posted a quarterly profit…

News
February 13, 2020

North Dakota has two to five years tell Peak Oil

Commodities, Drilling

Mineral Resources Director Lynn Helms, the state’s top oil regulator, said about 20% of drilling activity is now outside of the “core” areas of the…

News
October 1, 2019

Drilling permits are down 60% in Colorado

Drilling

Five months after the new anti frac law took effect, drilling permits are down 60% from the last decade average, one operator has declared bankruptcy,…

News
September 3, 2019

More Oil With Less Drilling Rigs

Drilling

According to a recent Bloomberg story: “In June 2014, the U.S. pumped 8.4 million barrels of crude using 1,545 drilling rigs. Last month, it produced…

News
August 28, 2019

Colorado governor Polis: Your jobs are valued, and you’re an important part of the diversity of our state

Drilling

“Your jobs are valued, and you’re an important part of the diversity of our state,” Polis says. Colorado governor tells oil and gas industry that…

News
drilling rig
August 15, 2019

The Second largest oil-producing state? North Dakota

Drilling

Texas is by far the largest oil-producing state in the United States, but number two? North Dakota, Is the nation’s second-largest oil-producing state, Produced 1.42…

News

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