Drilled

Oil, Gas Operators Drilling Wells to the Moon and Back

Oil, Gas Operators Drilling Wells to the Moon and Back

Rystad Energy is forecasting oil and gas drillers to reach for the moon and beyond in the next five years, at least in terms of drilling depths, with North America’s shale and tight resources propelling it into a “league of its own.”

April 30, 2019
First Rogersville Shale Test Shows Poor Results; More Work Ahead

First Rogersville Shale Test Shows Poor Results; More Work Ahead

Cimarex Energy Co.’s first test of the Rogersville Shale appears to be a disappointment, a review of data released on Thursday by the Kentucky Division of Oil and Gas (KDOG) shows.

August 20, 2015
U.S. Drilling Deeper, More Efficiently, API Says

U.S. Drilling Deeper, More Efficiently, API Says

The average depth of horizontal and vertical wells, as well as the total distance drilled, showed a marked increase between 2012 and 2013, according to the latest Joint Association Survey on Drilling Costs (JAS).

April 10, 2015
Raymond James Devises Substitute for Rig Count

Raymond James Devises Substitute for Rig Count

The move to horizontal drilling and longer laterals has made the domestic land rig count not so simple anymore, leading Raymond James & Associates Inc. on Monday to launch well and footage count forecasts.

September 25, 2013

BNP Sees Something to Look Forward to for Gas Price Bulls

Demand between now and 2015 will prop up natural gas prices, even with a backlog of drilled wells awaiting connection, and from 2016 to 2018 a “dramatic structural increase” in demand could outpace supply additions and send gas prices to as high as $6.00/MMBtu, BNP Paribas’ Teri Viswanath, director of commodity strategy, said Friday.

August 5, 2013

Midland, Delaware Basin Wolfcamp Outlook Seen ‘Greatly Improved’

Permian Basin-focused Energen Resources Corp., said Wednesday its first well to test the upper Wolfcamp Shale in the Midland Basin and three upper Wolfcamp wells in the Delaware Basin have shown “excellent results.”

August 1, 2013
Chesapeake Sells $1B in Eagle Ford, Haynesville Assets to Exco

Chesapeake Sells $1B in Eagle Ford, Haynesville Assets to Exco

Exco Resources Inc. is paying Chesapeake Energy Corp. $1 billion for something wet and something dry: about 55,000 acres in the liquids-rich Eagle Ford Shale of Texas and about 9,600 acres in the drier Haynesville Shale in North Louisiana.

July 5, 2013
Eastern Kentucky Shales Await Higher NatGas Prices

Eastern Kentucky Shales Await Higher NatGas Prices

The Kentucky Oil and Gas Association’s (KOGA) first comprehensive research of the economic impact of the oil and gas industry found that the state had 14,632 producing natural gas wells in 2011 and produced more than 3 million bbl of oil in 2012, but the number of horizontal well permits issued has declined each year since 2009.

June 20, 2013

New Brunswick Shale Gas Support Waning

New Brunswick could see C$13 million in development for every shale gas well drilled in the province, opening up opportunities for the province to prosper, according to an analysis by Deloitte. However, a recent poll found that critics of development are gaining support.

June 17, 2013
Pennsylvania 2012 Impact Fee Made $102.7M for Localities

Pennsylvania 2012 Impact Fee Made $102.7M for Localities

The Pennsylvania Public Utility Commission (PUC) said Thursday that localities affected by oil and gas drilling in 2012 will collectively receive $102.7 million from impact fee revenue generated by Act 13, the state’s omnibus Marcellus Shale law.

June 14, 2013
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