Two Oklahoma City-based producers reduced their workforces in the second quarter in order to trim general and administrative costs, but one plans to ramp up Northwest Oklahoma exploration while the other looks to Colorado.
Articles from Wells
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.
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.
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.
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.
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.”
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.
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.
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).