unconventional

U.S. Rig Count Flat as Industry Takes Stock After Week of Tumult

U.S. Rig Count Flat as Industry Takes Stock After Week of Tumult

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…

February 19, 2021
Colombia’s Ecopetrol Sets Aside $600 Million in 2021 Capex for Permian, Local Shale Plays

Colombia’s Ecopetrol Sets Aside $600 Million in 2021 Capex for Permian, Local Shale Plays

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…

December 22, 2020
U.S. Rig Count Rises for Fourth Straight Week as Oil Activity Grows

U.S. Rig Count Rises for Fourth Straight Week as Oil Activity Grows

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…

October 9, 2020
Natural Gas Production Continued Climbing in Ohio, Pennsylvania Last Year

Natural Gas Production Continued Climbing in Ohio, Pennsylvania Last Year

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.

March 3, 2020
NatGas Production Up Again Last Year in Ohio and Pennsylvania

NatGas Production Up Again Last Year in Ohio and Pennsylvania

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.

March 2, 2020

‘Big 3’ Unconventionals Again Drive ConocoPhillips Production Gains

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.

October 30, 2019
Most Lower 48 E&Ps Reportedly Facing Uphill Climb to Positive Cash Flow

Most Lower 48 E&Ps Reportedly Facing Uphill Climb to Positive Cash Flow

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.

May 30, 2019

Millions Available for Oil, Natural Gas Recovery Enhancements, Says DOE

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.

January 15, 2019
Colombia Looks to Fracking to Revert Declining Production

Colombia Looks to Fracking to Revert Declining 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.

December 17, 2018
Fracking in Mexico Nothing New, Mexican Energy Secretary Reminds Legislators

Fracking in Mexico Nothing New, Mexican Energy Secretary Reminds Legislators

Mexico has used hydraulic fracturing (fracking) for considerably more than half a century, and the technique is currently applied to about one in five conventional oil and gas wells, Energy Secretary Pedro Joaquin Coldwell said during a hearing last Thursday before the Chamber of Deputies, the nation’s lower legislative chamber.

October 16, 2018
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