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.
Articles from Lengths
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