A surprise increase in natural gas prices could allow Cabot Oil & Gas Corp. to deploy a sixth drilling rig in the Marcellus Shale by the fall, helping the company accelerate its plans for pad drilling and move more primary term acreage into production.
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Patterson-UTI’s Surprisingly Strong Results Upend Forecasts
Patterson-UTI Energy Inc. did something in the final three months of 2012 that no other onshore oilfield services provider has announced yet: hydraulic fracturing (fracking) services climbed and sales surpassed expectations — surprising even company executives.
February 11, 2013
Schlumberger: North America Onshore to See More Wells, Less Rigs
The U.S. and Canadian rig count may recover a bit this year, but it still will be lower than it was in 2012, according to Schlumberger Ltd. CEO Paal Kibsgaard.
January 22, 2013
Newfield Lifts 2012 Output Forecast — Again — on Oil, Liquids Growth
For the second time this year, Newfield Exploration Co. raised its full-year production forecast based on rising output from key U.S. onshore oil and natural gas liquids (NGL) plays.
July 20, 2012
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