The North American rig count stepped up by seven in the tally released by Baker Hughes Inc. on Thursday, one day early because of the holiday. That was enough to push the census to 1,001 for the continent for the week ending July 2.
Articles from Completion
Not long ago, Texas could boast about half of the nation’s operating drilling rigs. The Lone Star State’s slice of the drilling pie — a shrinking pie at that — is now down to 46% as producers drop rigs in a low-price environment. January well completions were down almost 45% from a year ago, according to the Railroad Commission of Texas (RRC).
A multi-pad drilling project to test Marcellus and Utica formations in southern Ohio may answer some of the lingering questions about the real resource potential of the Utica/Point Pleasant Shale, an analyst said Tuesday.
ExxonMobil Corp., Chevron Corp., BP plc and super independent ConocoPhillips are expected to lead all other exploration and production (E&P) spenders in the United States this year, with capital expenditures (capex) on average about 5% higher than in 2012, according to a survey by Barclays Capital. Last year’s No. 2 spender, Chesapeake Energy Corp., dropped to No. 5 after cutting its exploration plans.
An MDU Resources Group Inc. subsidiary on Thursday announced a natural gas pipeline project that would stretch across the Bakken Shale from western North Dakota to western Minnesota, where it would connect with Viking Gas Transmission Co.’s gas system.
ExxonMobil Corp.’s quest to remain the biggest operator in the Ardmore Basin’s Woodford Shale remains on track after the super major agreed to pay $147.5 million to buy the bulk of BNK Petroleum Inc.’s leasehold in the Tishomingo Field.
The Railroad Commission of Texas (RRC) on Tuesday approved RRC staff-recommended revisions to proposed changes to commission rules governing casing, cementing, drilling and completion of wells; cathodic protection wells; and seismic holes and core holes. Changes were initially proposed in September in response to action by the Texas Legislature. The revised proposal for changes takes into account responses received by commission staff during a public comment period. The current 45-day public comment period will end at noon April 1. A public hearing is scheduled for 1:30 CST Feb. 21 at the RRC’s Austin office.