unconventional

In a week that saw a deep freeze disrupt operations for many Lower 48 producers, the U.S. rig count went unchanged overall, ending at 397 as of Friday (Feb. 19), according to the latest data from Baker Hughes Co. (BKR). A one-rig increase in natural gas-directed drilling offset a one-rig decline in oil rigs, putting…

Colombia’s state oil company Ecopetrol SA will continue its foray into shale plays in 2021, principally in the prolific Permian Basin in the United States but also in a pilot program at home. The company will spend more than $600 million in unconventional plays next year, part of an overall capital expenditure (capex) plan of…

Continuing on a modest upward trajectory from recent pandemic-induced lows, the U.S. rig count climbed three units to 269 for the week ending Friday (Oct. 9), according to the latest Baker Hughes Co. (BKR) tally. A four-rig increase in oil-directed drilling offset a one-rig decline in the natural gas patch, leaving the combined domestic count…

Unconventional natural gas production in Ohio and Pennsylvania again posted gains last year, but the annual growth rate in both states slowed as operators have cut budgets amid a slide in commodity prices.

Unconventional natural gas production in Ohio and Pennsylvania again posted gains last year, but the annual growth rate in both states slowed as operators have cut budgets amid a slide in commodity prices.

Assets across the Lower 48 continued to drive production growth for ConocoPhillips in the third quarter, with output from the global producer’s “Big 3” unconventionals leading the way.

Nearly 90% of U.S. unconventional operators are burning cash, and many have not achieved a positive cash flow balance, according to a study of the financial performance of 40 companies.

The U.S. Department of Energy’s (DOE) Office of Fossil Energy is offering up to $88 million total in research and development grants for projects to improve enhanced oil recovery (EOR) and unconventional oil and natural gas production.

Though hydraulic fracturing (fracking) has transformed the energy sector in the United States, only Argentina in Latin America has followed its lead in commercially developing hydrocarbons through unconventional drilling.