Archive for the ‘Woodford Shale’ Category
Downward trend continues for US drilling
August 18th, 2017 by Latest News
The overall US rig count has declined for the third straight week and fifth time in 8 weeks, advancing what could be a partial reversal of a drilling rebound that lasted more than a year.
Major US operators entered 2017 with increased capital budgets and plans to ramp up drilling in the Lower 48’s most promising regions, namely the Permian basin and Sooner Trend Anadarko basin Canadian and Kingfisher counties (STACK) play.
The overall US drilling rig count declined during the week ended Aug. 11 for the fourth time in the past 7 weeks, and gas-directed rigs led the losses for a second straight week.
The overall US rig count has recorded its largest decline since
before the drilling rebound commenced in late May-early June of 2016.
EnLink Midstream LLC,
Dallas, has let a contract to Saulsbury Industry Inc., Odessa, Tex., to
build the Chisholm III natural gas cryogenic processing plant as part
of an expansion of its existing system in the Sooner Trend Anadarko
basin Canadian a…
The overall US rig count failed to record an increase this week for
the second time in 3 weeks as oil-directed rigs edged up. The drop in
activity comes just a few days after the US Energy Information
Administration slightly lowered its crude oil pr…
Devon reports record rate for STACK well
July 11th, 2017 by Latest News
Devon Energy Corp., Oklahoma City, reported a production rate of 6,000 boe/d from a well drilled in southwest Kingfisher County, Okla.
BHI: US rig count rises by 12
July 7th, 2017 by Latest News
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.