According

Fracking Lifted U.S. Oil and Gas Proved Reserves in 2011

Fracking Lifted U.S. Oil and Gas Proved Reserves in 2011

U.S. oil and natural gas exploration and production companies added 31.2 Tcf of wet natural gas proved reserves and almost 3.8 billion bbl of crude oil and lease condensate proved reserves in 2011, the Energy Information Administration (EIA) said in a report issued Thursday.

August 2, 2013
North American Drilling Market ‘Remains Uninspiring,’ Says Nabors CEO

North American Drilling Market ‘Remains Uninspiring,’ Says Nabors CEO

Nabors Industries Inc., the largest onshore drilling fleet operator and the biggest supplier of pressure pumping equipment, is not optimistic about seeing gains in the U.S. oil or gas patch through the rest of this year, CEO Tony Petrello said Wednesday.

July 25, 2013
Gulfport’s Strong Results in Utica Continue

Gulfport’s Strong Results in Utica Continue

Gulfport Energy Corp. smashed its natural gas, oil and liquids production records in 2Q2013 with total output at 815,300 boe, with the Utica Shale the outstanding contributor. A year earlier the operator produced a total of 663,300 boe.

July 24, 2013

Macondo Flowed Less Oil than Government Claims, Says Expert

The Macondo well blowout spilled much less oil than the U.S. government estimates of 4.9 million bbl, according to a reservoir engineering expert hired by operator BP plc.

July 2, 2013

Global Deepwater Drilling Spend Escalating

Global deepwater drilling activity is going on a rampage, with spending set to more than double over the coming decade, according to Wood Mackenzie.

July 1, 2013

Revised British Shale Gas Resource Could Equal Barnett or Marcellus

The Bowland-Hodder Shale of northern England has between 822 and 2,281 Tcf of natural gas in place, according to a new study that is the first to integrate all existing seismic data, geological analyses and well samples from the shale, the British Geological Survey (BGS) said Thursday. The assessment is higher than earlier estimates.

July 1, 2013

Global Deepwater Drilling Spend Escalating

Global deepwater drilling activity is going on a rampage, with spending set to more than double over the coming decade, according to Wood Mackenzie.

July 1, 2013

Eagle Ford, Permian Counties Lifted Texas Production in April

According to the Railroad Commission of Texas (RRC), the state’s preliminary April crude oil production averaged 1.6 million b/d, up from nearly 1.2 million b/d in April 2012. The preliminary production figure for April is 48.2 million bbl, up from 35.9 million bbl in April 2012.

July 1, 2013
Britain’s Bowland-Hodder Shale Has 1,329 Tcf, Give or Take

Britain’s Bowland-Hodder Shale Has 1,329 Tcf, Give or Take

The Bowland-Hodder Shale of northern England has between 822 and 2,281 Tcf of natural gas in place, according to a new study that is the first to integrate all existing seismic data, geological analyses and well samples from the shale, the British Geological Survey (BGS) said Thursday. The assessment is higher than earlier estimates.

June 28, 2013

U.S. Doing Global Gas Heavy Lifting

Natural gas last year expanded its share of the global energy mix even though demand growth was hindered by a weak economy in Europe, according to the International Energy Agency (IEA), which said the United States was a standout among gas-producing countries.

June 24, 2013
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