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. …
Drilling
Active Drilling rig count in the U.S. fell to 176, the lowest since 2005
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,…
EOG expects to have six rigs for the remainder of 2020
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…
North Dakota Current Active Drilling Rig Count has Crashed
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…
Cairn Energy finds a dry well in Gulf of Mexico.
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…
Continental Resources plans to cut rigs and spending in 2020
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…
Hess CEO John Hess said he expects rig count to be half of what it is now
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…
Apache says it will reduce its Permian rig count to zero
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…
North Dakota has two to five years tell Peak Oil
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…
Drilling permits are down 60% in Colorado
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,…
More Oil With Less Drilling Rigs
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…
Colorado governor Polis: Your jobs are valued, and you’re an important part of the diversity of our state
“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…
The Second largest oil-producing state? North Dakota
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…