A growing number of producers are shying away from dry gas drilling and instead pointing their drillbits at liquids-rich and oil targets, but drillers are “soldiering on” despite stubbornly low natural gas prices and “are set to do what they do best: drill,” according to energy analysts with Barclays Capital Markets.
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Schlumberger’s Reservoir Modeling Systems Build Fan Base
Schlumberger Ltd. is seeing continued strength in its North American operations in part because of its hydraulic fracturing (fracking) technology, which is reducing time and costs to complete a well, management said Friday.
July 25, 2011
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