Archive for the ‘Bakken Shale’ Category
The US drilling rig count jumped 21 units to 789 during the week ended Mar. 17, continuing a recent surge in a drilling rally that dates back to May 27, 2016, according to Baker Hughes Inc. data.
EIA: Oil output from major US onshore regions to rise 109,000 b/d in April
March 14th, 2017 by Latest News
Crude oil production from the seven major US onshore oil and gas
producing regions is forecast to increase 109,000 b/d during April to
4.962 million b/d, according to data from the US Energy Information
Administration’s Drilling Productivity Report.
ExxonMobil increases 2017 capital spending by 16%
March 1st, 2017 by Latest News
ExxonMobil Corp. has set its capital spending budget for 2017 at $22
billion, up 16% from 2016. Capital and exploration expenses through the
end of the decade will average $25 billion/year.
The US drilling rig count increased a mere 3 units during the week ended Feb. 24 following 5 straight weeks of double digit gains, according to Baker Hughes Inc. data.
EIA sees 80,000 b/d rise in March from major US onshore producing regions
February 13th, 2017 by Latest News
The US Energy Information Administration projects crude oil production from seven major US onshore producing regions to climb 80,000 b/d month-over-month in March to 4.873 million b/d.
Oneok to acquire remaining stake in Oneok Partners for $9.3 billion
February 1st, 2017 by Latest News
Tulsa-based Oneok Inc. will acquire all of the outstanding common units of Oneok Partners LP not already owned by Oneok for $9.3 billion in Oneok common stock.
BHI: US rig count up 17, surpasses 700 mark
January 27th, 2017 by Latest News
The US drilling rig count increased by 17 during the week ended Jan. 27 to 712 active units, according to data collected by Baker Hughes Inc.
The overall rise continues to reflect a resurgence in units targeting
crude oil, drilling horizontally, and …
The US rig count has posted its largest increase since the beginning of the shale oil and gas boom.