Archive for the ‘Haynesville Shale’ Category

US rig count growth appears to be slowing.

Crude oil production from the seven major US onshore regions is
projected to rise 113,000 b/d month-over-month in August to 5.585
million b/d, the US Energy Information Administration says in its Drilling Productivity Report.

Last week’s slight decline in the US rig count may have been more of fluke than a sign of an impending plateau in drilling.

After rising in 23 consecutive weeks, the overall US drilling rig count has finally given up a unit.

The US drilling rig count has now increased in 22 consecutive weeks, according to Baker Hughes Inc. data.

The US Energy Information Administration
forecasts crude oil production from the seven major US onshore regions
to expand 127,000 b/d month-over-month in July to average 5.475 million
b/d. The Permian and Eagle Ford are projected to account for 108,…

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.

Oklahoma’s Cana Woodford and the New Mexico Permian served as the primarily catalysts behind the 21st consecutive US rig count increase.

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.

The US drilling rebound that extends back almost a year has surpassed another benchmark, rising above 900 in its 18th straight week of gains.