Riding

U.S. Oil, Gas Billionaires Like it On the Rocks

The U.S. oil and gas industry is riding high, and those who have the wherewithal and the talents are catching the wave with it, according to the latest Forbes Billionaires list.

July 1, 2013

Contract Drillers Need ‘Patience,’ Helmerich CEO Says

Riding high on record profits and continuing efficiencies, the contract drilling sector nevertheless faces uncertainties during the first half of next year that require patience and flexibility, said the CEO of Tulsa-based Helmerich & Payne Inc. (HP).

November 19, 2012

Helmerich’s Land-Rig Migration to Horizontal Almost Complete

Riding high on record profits and continuing efficiencies, the contract drilling sector nevertheless faces uncertainties during the first half of next year that require patience and flexibility, said the CEO of Tulsa-based Helmerich & Payne Inc. (HP).

November 16, 2012

Permian Basin in ‘Early Innings’ of Tech-Driven Renaissance

The venerable Permian Basin in West Texas is in the “early innings” of an oil/gas renaissance that promises to be technology driven, riding the wave of horizontal drilling, which still represents only a quarter of Permian rig activity, according to a report released Monday by Houston-based financial services company U.S. Capital Advisors.

June 12, 2012

Report: Permian in Early Part of Tech-Driven Renaissance

The venerable Permian Basin in West Texas is in the “early innings” of an oil/gas renaissance that promises to be technology driven, riding the wave of horizontal drilling, which still represents only a quarter of Permian rig activity, according to a report released Monday by Houston-based financial services company U.S. Capital Advisors.

June 12, 2012

Bakken Rich: MDU Sees Oil Production Soar

Setting aside low natural gas prices and unseasonably warm weather in the first quarter, Bismarck, ND-based MDU Resources Group Inc. is riding the continuing Bakken Shale boom in its home state, growing its oil production 19% for the first three months of this year and increasing its working rig count from two to 10 for its exploration and production (E&P) unit over the most recent quarter-over-quarter period.

May 2, 2012

Canada 2012: Gas is Out; Oil is In

Canadian producers are riding shale gas technology imported from the United States to complete an about-face in drilling targets this year by switching over to tight oil formations.

January 2, 2012

Canadians Plying Tight Oil With U.S. Shale Technology

Canadian producers are riding shale gas technology imported from the United States to complete an about-face in drilling targets next year by switching over to tight oil formations.

December 27, 2011

Canada 2012: Gas is Out; Oil is In

Canadian producers are riding shale gas technology imported from the United States to complete an about-face in drilling targets next year by switching over to tight oil formations.

December 27, 2011

Bakken Shale Pushing North Dakota Oil Production Higher

Riding the Bakken shale rush, North Dakota appears in a good position to jump up to the second biggest oil producing state in the nation behind only Texas. If the upper Midwest state achieves that status next year as expected, it would leapfrog over both Alaska and California, something that would have been unthinkable five years ago.

October 18, 2011
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