Carolyn Davis joined the editorial staff of Intelligence Press Inc. in Houston in May, 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.
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Articles from Carolyn Davis
Onshore Well Count Dropping Sharply, but Production Capacity Still Strong
U.S. upstream activity has reacted sharply to lower crude oil prices by reducing drilling activity, with January’s new onshore well count down 20% from December. However, new production capacity (NPC) followed the trend but not the magnitude, off 9% for oil and down 6% for natural gas, an assessment by consultant Drillinginfo has found.
February 11, 2015
North America Oil to ‘Loom Even Larger’ on Global Stage as Prices Strengthen, Says IEA
The oil market’s price correction may pause the North American supply “party,” but it won’t bring it to an end as the roaring 2020s kick off an era of even more abundance than earlier forecast, the International Energy Agency (IEA) said Tuesday.
February 10, 2015
NatGas Prices in Quandary as Coal Plants Retired, Onshore Supplies Grow
Large-scale coal plant retirements through 2015 could provide some price recovery for natural gas by year’s end, but the continuing onslaught of supply from a few onshore basins may exert an opposite effect, a quandary that has analysts puzzling over which way the market may trend this year.
February 9, 2015
Hi-Crush Selling ‘Every Grain of Sand’ Produced
Hi-Crush Partners LP, which produces and markets Northern White sand used as proppant in hydraulic fracturing (fracking), may see demand rise this year even as rigs are dropped because production rates are more important than ever, a top executive said last week.
February 9, 2015
Central GOM Lease Sale to Offer 7,788 Offshore Blocks
Producers will have the opportunity in March to bid on 41.2 million acres offshore Louisiana, Mississippi and Alabama in the Central Planning Area of the Gulf of Mexico (GOM), the seventh auction under the current five-year Department of Interior leasing program.
February 6, 2015
U.S. NatGas Prices to Struggle Until Supplies Stall, Says Jefferies
Near-term domestic natural gas prices may struggle to gain momentum this year until there’s more evidence of stalling supply later this year, according to Jefferies LLC.
February 6, 2015
Weatherford Readying to Emerge ‘Stronger,’ Laying Off 5,000 More
The fourth largest oilfield services (OFS) company in the world, Weatherford International plc, plans to lay off 5,000 people, almost 9% of its workforce, by the end of March. Last year the company cut more than 6,200 positions.
February 5, 2015
Patterson-UTI Halves High-Spec Rig Plans, Sees 25% Decline in Pressure Pumping Through March
The day Patterson-UTI Energy Inc. (PTEN) delivered its third quarter results last October, crude oil was trading at $82/bbl, and there was “concern about a little bit of oil price softness,” said Chairman Mark Siegel. It’s since become a “full-fledged downturn, of a magnitude and duration, we do not yet know…”
February 5, 2015
Patterson-UTI’s Onshore Rig Count Down 10% in One Month
Onshore drilling operator Patterson-UTI Energy Inc. (PTEN) lost 10% of its U.S. operating rigs between December and January, the company reported Wednesday.
February 4, 2015
NOV’s Rig Systems Backlog Drops 17%; Customers ‘Very Aggressive’
National Oilwell Varco Inc. (NOV), which designs, manufactures and sells equipment and components used across the drilling spectrum, saw a reversal of fortune in the final three months of 2014, as the backlog for orders in its Rig Systems segment plunged by 17% from a year ago and declined by 13% sequentially.
February 4, 2015