Archive for the ‘Haynesville Shale’ Category
Crude oil production in August from the Permian and Bakken is expected to remain below the benchmarks of 2 million b/d and 1 million b/d, respectively, according to projections from the US Energy Information Administration.
TAEP: Upstream job losses in Texas eclipse 100,000 despite rising oil prices
June 27th, 2016 by Latest News
An increase in crude oil prices in Texas to $43.38/bbl in May from $27.08/bbl in February couldn’t prevent the tally of upstream job losses from surpassing 100,000, according to the Texas Alliance of Energy Producers’ latest Texas Petro Index (TPI).
Upward movement in the US rig count halted for the week ended June 27, declining 3 units to 421 rigs working, indicates the latest data from Baker Hughes Inc. The overall count was weighed down by a 7-unit drop in oil-directed rigs.
Shell keen on its shale potential worldwide
June 21st, 2016 by Latest News
Royal Dutch Shell PLC considers its shale holdings a growth priority for 2020 and beyond now that the major divested roughly half its US and Canada unconventional properties in recent years, executives told reporters during a June 20 media event at its…
The overall US drilling rig count increased for the second consecutive week, perhaps signifying the beginning of a light rebound in wake of a year-and-a-half-long drilling dive.
The overall US rig count heads into the Memorial Day weekend unchanged compared with the week-ago total, a sign that the US drilling segment could finally be stabilizing.
The overall US oil and gas drilling rig count recorded its smallest decline of the year thus far, shedding just 2 units—both targeting gas—to settle at 404 rigs working, according to Baker Hughes Inc. data.
Crude oil production in June from the seven major US shale regions is expected to fall 113,000 b/d month-over-month to 4.85 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR).