Productivity

Lower 48 E&Ps Working Down DUC Count as Development Looks to Accelerate

Lower 48 E&Ps Working Down DUC Count as Development Looks to Accelerate

U.S. oil and gas producers have held the line on capital spending and concentrated on completing wells rather than costly new development, the Energy Information Administration (EIA) said.  The EIA’s Drilling Productivity Report (DPR) issued earlier this month noted that the backlog of drilled but uncompleted wells, aka DUCs, had declined in May by 247…

June 28, 2021
Penn State Researchers Tout Low-Cost Method for Discovering Marcellus Gas

Penn State Researchers Tout Low-Cost Method for Discovering Marcellus Gas

Pennsylvania State University researchers have developed a method that may help producers more easily identify natural gas-rich areas in the Marcellus Shale for exploratory wells.

September 6, 2019

U.S. Well Productivity Said Still Improving, Albeit More Slowly

U.S. well productivity gains posted last year may not repeat in 2019 with the same magnitude, but domestic output still should drive the global market in the next decade, according to Raymond James & Associates Inc.

April 16, 2019

Shale Breakeven Overall Estimated Below $55/bbl as E&Ps Do More With Less

U.S. shale producers are pulling out more oil and gas at a much lower cost, setting them on course to accelerate activity later this year and into 2018.

February 21, 2017
Goldman Credits ‘Shale Productivity Scenario’ in Higher U.S. Oil Price Forecast

Goldman Credits ‘Shale Productivity Scenario’ in Higher U.S. Oil Price Forecast

U.S. oil prices should hold between $50-60/bbl through 2020 on improved unconventional productivity and increased overseas supplies, Goldman Sachs is forecasting.

May 23, 2016
Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Productivity gains made in U.S. unconventional oilfields were solid last year and now are melding into more quality driven gains, improved by optimizing targets and increasing fractures, Goldman Sachs & Co. said Wednesday.

April 13, 2016
Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Plethora of Productive Oil Wells in U.S. Onshore, Says Goldman

Productivity gains made in U.S. unconventional oilfields were solid last year and now are melding into more quality driven gains, improved by optimizing targets and increasing fractures, Goldman Sachs & Co. said Wednesday.

April 13, 2016

Energy Operators Still Cite Digital Tech Investments as Keys to Improve Wells, Capital Efficiencies

Upstream operators may be scrutinizing their dwindling finances, but they haven’t stopped investing in digital technologies to improve well completions and capital efficiencies, according to a new global survey.

March 9, 2016

Production From Major Shale Plays Expected to Decline Through February, EIA says

Natural gas production from the seven major U.S. unconventional shale plays is projected to decline through February, with the Marcellus and Eagle Ford expected to see the biggest drops, according to the Energy Information Administration’s (EIA) updated Drilling Productivity Report released Monday.

January 11, 2016

Marcellus Growth Finally Leveling Off Amid Steep Drop in Rig Count, Says EIA

Total monthly natural gas production from the Marcellus Shale is projected to decline slightly year/year in December and January for the first time since the play emerged as a major gas producing region, according to data from the Energy Information Administration’s (EIA) latest Drilling Productivity Report (DPR).

December 9, 2015
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