North America’s unconventional supply is expected to grow even with stagnant oil prices, according to Rystad Energy forecasts.
Decline
Articles from Decline
North Dakota’s Bakken Oil, Natural Gas Production Dip Viewed as Temporary
Bakken Shale oil and natural gas production declined in September but North Dakota’s top oil and gas regulator said Tuesday the numbers could reverse in the next report covering October.
‘Clear Evidence’ U.S. Oil Well Productivity Gains Maxing Out
Surging onshore oil production wrested from wells using unconventional drilling techniques may have reached its maximum level and could decline as producers deal with well interference and “rock quality deterioration.”
BHI’s Domestic Rig Count Drops Amid Both Oil, NatGas Oil Declines
The U.S. rig count fell by five units for the week ended Friday thanks to a drop in both oil and natural gas activity, including declines in the Haynesville and Eagle Ford shales and in the Williston Basin, according to data from Baker Hughes Inc.
DJ-Niobrara, Permian Still in Producers’ Focus Based on Rig Count
The last North American rig count of 2017 went out with a whimper instead of a bang as the number of rigs actively drilling for oil and gas for the week ending Dec. 29 declined by two units to 929, according to Baker Hughes data.
Doing ‘More For Less,’ ConocoPhillips Slashes 2017 Capex 10%
ConocoPhillips 3Q2017 earnings were up for a second consecutive quarter, even as production declined, according to the Houston-based independent, which said Thursday it has cut its 2017 capital expenditures (capex) budget by 10%.
Seven U.S. Oil Rigs Pack Up Shop; Texas, Louisiana Lead Declines Among States
A pullback in oil-directed drilling fueled an eight-rig decline in the U.S. rig count for the week ended Friday, according to data released by Baker Hughes Inc. (BHI).
U.S. Onshore Drilling Declines Focused in Texas; Rig Counts Steady Elsewhere
Driven by a sharp drop in natural gas drilling, five U.S. rigs packed up for the week ended Friday (Aug. 11), according to data released Friday by Baker Hughes Inc. (BHI).
Mexico Non-Associated NatGas Production Hits 15-Year Low
Production from Mexico’s leading principal natural gas basins — Burgos, Sabinas, Burro-Picachos and Veracruz — is at a 15-year low, the National Hydrocarbons Commission (CNH) reported this week.
U.S. Gas Exports to Mexico Climbed Last Year as Pemex Drilling Declined
Mexico’s Petroleos Mexicanos (Pemex) reported a smaller financial loss for 2016 than 2015. Natural gas production also declined while imports from the United States climbed.