Wells

Bakken Said Last Holdout for Positive Parent-Child Well Relations

The Bakken Shale underlying North Dakota and parts of Montana could be the last oil and gas production zone where child wells are increasing output from parent wells, said James West, senior managing director of research at Evercore ISI.

July 25, 2019
Permian Pure-Play Ring Cuts Capex with Cash Flow Still Focus

Permian Pure-Play Ring Cuts Capex with Cash Flow Still Focus

Ring Energy Inc. on Monday reduced its capital expenditures (capex) for this year after it trimmed the number of new horizontal wells to be drilled and reallocated funds to upgrading existing wells and infrastructure.

July 23, 2019

EPA Seeking Input on Managing Oil, Natural Gas Wastewater

The U.S. Environmental Protection Agency (EPA) is accepting public comment on a draft study that examines how onshore oil and natural gas wastewater can be better managed as it continues to increase in basins across the country.

May 21, 2019

Diversified Sees Production Spike with Addition of Appalachian Shale Wells

Diversified Gas & Oil plc, Appalachia’s largest conventional producer, has seen a significant boost in volumes after it acquired a package of unconventional shale wells from HG Energy II Appalachia LLC in the first quarter.

May 20, 2019
Oil, Gas Operators Drilling Wells to the Moon and Back

Oil, Gas Operators Drilling Wells to the Moon and Back

Rystad Energy is forecasting oil and gas drillers to reach for the moon and beyond in the next five years, at least in terms of drilling depths, with North America’s shale and tight resources propelling it into a “league of its own.”

April 30, 2019

CNX Increases Spending to Carry More Utica Wells into 2020

CNX Resources Corp. said Tuesday it would increase spending this year and drill more wells that won’t come online and benefit the company until 2020, despite investors who continue to expect capital discipline.

April 30, 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
Los Angeles Drill Site Shuttering Some Operations

Los Angeles Drill Site Shuttering Some Operations

A controversial drilling site near the University of Southern California campus in Los Angeles is ending some operations because of low production and a lack of payments to the state.

March 19, 2019

BLM Oil, Natural Gas Inspection Program Still Problematic, GAO Says

Despite four years of trying to fix the problem, the Bureau of Land Management (BLM) inspection program for oil and natural gas wells still has a significant workforce imbalance, according to a report by the Government Accountability Office (GAO).

March 13, 2019

Laredo Reports Record Permian Production, Plans Wider Well Spacing

Permian pure-player Laredo Petroleum Inc. reported record production in 3Q2018, but moving forward the company expects to drill infill wells on wider spacing and may consider spending less in 2019.

November 6, 2018