Decline

Paper: Domestic Gas Drilling Down 11% Without Tax Breaks to Industry

Paper: Domestic Gas Drilling Down 11% Without Tax Breaks to Industry

If Congress repealed three tax preferences for oil and natural gas producers, domestic gas drilling could decline by about 11%, depending on gas prices, and domestic gas prices could increase 7-10% by 2030, according to a paper published by the Council on Foreign Relations.

August 9, 2016
U.S. Onshore Completions Activity Forecast to Sharply Outpace Drilling

U.S. Onshore Completions Activity Forecast to Sharply Outpace Drilling

Rystad Energy is forecasting horizontal oil completion activity in the U.S. onshore will outpace drilling operations by 30% in the second half of 2016, resulting in a sharp contraction in the drilled but uncompleted (DUC) inventory by 800 wells.

June 23, 2016
Drop in Oil Prices Cripples OPEC’s Net Oil Export Revenues, EIA Finds

Drop in Oil Prices Cripples OPEC’s Net Oil Export Revenues, EIA Finds

The collapse in crude oil prices has decimated net oil export revenues for the Organization of the Petroleum Exporting Countries (OPEC) over the last three years, and the decline is expected to continue into 2016, according to the U.S. Energy Information Administration (EIA).

June 15, 2016
Production Slowdown Out of Unconventional Plays to Continue Into July, EIA Says

Production Slowdown Out of Unconventional Plays to Continue Into July, EIA Says

The downward trend in natural gas and oil production that has plagued the nation’s seven largest unconventional plays since last autumn will continue next month, according to the Energy Information Administration (EIA).

June 14, 2016

NatGas Production From Big Seven Plays to Continue Lower in June, EIA Says

In what has become a familiar refrain, the Energy Information Administration (EIA) said Monday that natural gas and oil production from the nation’s seven largest unconventional plays is likely to decline next month compared with May figures.

May 16, 2016

NatGas Production From Big Seven Plays to Continue Lower in June, EIA Says

In what has become a familiar refrain, the Energy Information Administration (EIA) said Monday that natural gas and oil production from the nation’s seven largest unconventional plays is likely to decline next month compared with May figures.

May 16, 2016
Helmerich & Payne Keeping High-Tech Rigs Ready, but Expecting More Deterioration in U.S. Land

Helmerich & Payne Keeping High-Tech Rigs Ready, but Expecting More Deterioration in U.S. Land

Contract driller Helmerich & Payne Inc. is keeping its fleet in top-notch shape for an eventual industry upturn, but management conceded on Monday that a return to business-as-usual is unlikely before the second half of the year.

May 2, 2016
Helmerich & Payne Keeping High-Tech Rigs Ready, but Expecting More Deterioration in U.S. Land

Helmerich & Payne Keeping High-Tech Rigs Ready, but Expecting More Deterioration in U.S. Land

Contract driller Helmerich & Payne Inc. is keeping its fleet in top-notch shape for an eventual industry upturn, but management conceded on Monday that a return to business-as-usual is unlikely before the second half of the year.

May 2, 2016

One Rig Comes Back to Barnett Shale as Analyst Anticipates Declining Supply

One rig returned to the Barnett Shale in the latest tally of active rigs compiled by Baker Hughes Inc. (BHI). Meanwhile, analysts at Jefferies are looking for a natural gas supply response.

April 29, 2016

One Rig Comes Back to Barnett Shale as Analyst Anticipates Declining Supply

One rig returned to the Barnett Shale in the latest tally of active rigs compiled by Baker Hughes Inc. (BHI). Meanwhile, analysts at Jefferies are looking for a natural gas supply response.

April 29, 2016