Archive for the ‘Niobrara’ Category
SandRidge Energy Inc., Oklahoma City, has emerged from Chapter 11 having eliminated $3.7 billion in pre-petition funded debt.
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.
Estimates by the US Energy Information Administration indicate the August count of drilled but uncompleted (DUC) wells in the seven major US tight oil and shale gas producing regions totaled 5,031, down slightly from the 5,065 counted in July.
Estimates by the US Energy Information Administration indicate the August count of drilled but uncompleted (DUC) wells in the seven major US shale oil- and gas-producing regions totaled 5,031, down slightly from the 5,065 counted in July.
BHI: US rig count nears return to 500 despite drop in gulf activity
September 2nd, 2016 by Latest News
A week in which offshore operators braced for a potential hurricane strike didn’t prevent another rise in the overall US rig count.
The Permian held out roughly a year before joining the other major US shale regions in crude-oil production declines during the current downturn. Now, after a string of losses, growth from the West Texas and southeastern New Mexico basin is expected ag…