Archive for the ‘Fayetteville Shale’ Category
BHP Billiton Ltd. said it’s “actively pursuing options” to sell its US onshore oil and gas assets, which it has classified as noncore amid pressure from shareholders to divest.
A study conducted by the US Geological Survey
shows that unconventional oil and gas production in some areas of
Arkansas, Louisiana, and Texas is not currently a significant source of
methane or benzene to drinking water wells.
A study conducted by the US Geological Survey
shows that unconventional oil and gas production in some areas of
Arkansas, Louisiana, and Texas is not currently a significant source of
methane or benzene to drinking water wells.
Rig deployment in the US continued to pick up steam during the week ended Feb. 3 as Baker Hughes Inc.’s tally of active units recorded its third consecutive weekly double-digit increase.
The US drilling rig count jumped 11 units to 522 rigs working during the week ended Sept. 30, according to data from Baker Hughes Inc. Seven oil-directed and 4 gas-directed units began operations.
Southwestern Energy Co., Houston, plans to reduce its workforce by more than 1,100 employees resulting “primarily from anticipated lower drilling activity,” the company said in a Jan. 21 filing with the US Securities and Exchange Commission.
BHI: US rig count begins 2016 with 34-unit dive
January 8th, 2016 by Latest News
The overall US drilling rig count began the year with its largest decline since last April, plunging 34 units to 664 during the week ended Jan. 8, according to Baker Hughes Inc. data.
The overall US drilling rig count fell 9 units to an even 700 during the week ended Dec. 23—shortened by the Christmas holiday—according to Baker Hughes Inc. data.
The Eagleville oil field in South Texas, discovered only in 2009, is the largest in the US, according to a supplement to a report from the US Energy Information Administration called “US Crude Oil and Natural Gas Proved Reserves, 2013.”