U.S. energy firms added oil rigs for the first time in the past three weeks despite sharp declines in crude futures to their lowest since the summer of 2017.
Drilling
Drilling and completion operations within the Wolfcamp play
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.
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.
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….
Patterson-UTI Energy: Pressure Pumping Segment
This comes as the consultancy forecasts the number of horizontal wells fractured to rise 32% in 2018 and 13% in 2019. Total frac stages are…