Energen Corp.’s Permian Basin returns look strong enough — despite commodity prices — to boost drilling later this year and begin a “multi-year acceleration” in 2016, the company said Wednesday.
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Rig Declines Modest Across Shales; Analyst Gauges Horizontal Productivity
The Baker Hughes Inc. count of rigs running in unconventional basins declined by two to end at 650 on Friday (June 12). Most of the basins held steady for the week, and the declines were spread out.
June 12, 2015
Rig Declines Modest Across Shales; Analyst Gauges Horizontal Productivity
The Baker Hughes Inc. count of rigs running in unconventional basins declined by two to end at 650 on Friday (June 12). Most of the basins held steady for the week, and the declines were spread out.
June 12, 2015
U.S. Onshore Output Dipping, But Drilling Productivity Improving, Says EIA
Daily natural gas and oil production from the big U.S. unconventional plays is declining, but as better technology and more efficiencies are put into place…
June 9, 2015
U.S. Onshore Output Dipping, But Drilling Productivity Improving, Says EIA
Daily natural gas and oil production from the big U.S. unconventional plays is declining, but as better technology and more efficiencies are put into place, new wells are seeing stronger output, the Energy Information Administration (EIA) said.
June 9, 2015
Feds Say Oil/Gas Downturn Surprised Investors, Dented Manufacturing Sector
The breadth of the downturn in the oil and gas industry took investors by surprise and negatively impacted the manufacturing sector in more than half of the country, especially in states that are dependent on the energy sector or are big energy producers themselves, according to a report by the Federal Reserve Board (FRB).
June 8, 2015
Feds Say Oil/Gas Downturn Surprised Investors, Dented Manufacturing Sector
The breadth of the downturn in the oil and gas industry took investors by surprise and negatively impacted the manufacturing sector…
June 8, 2015
Producers More ‘Comfortable’ as Costs Decline, High Grading Continues
The sharp decline in oilfield service (OFS) costs and a focus by explorers on the best drilling locations may mitigate the drastic drop in commodity prices and improve the bottom line for the exploration and production (E&P) sector, according to experts.
June 2, 2015
Producers More ‘Comfortable’ as Costs Decline, High Grading Continues
The sharp decline in oilfield service (OFS) costs and a focus by explorers on the best drilling locations may mitigate the drastic drop in commodity prices and improve the bottom line for the exploration and production (E&P) sector, according to experts.
June 2, 2015
Enterprise Buying Eagle Ford Gathering System From Pioneer-Reliance
Enterprise Products Partners LP has inked a $2.15 billion deal to acquire EFS Midstream LLC, which has 460 miles of natural gas gathering pipelines and other assets in the Eagle Ford Shale, from Pioneer Natural Resources Co. and Reliance Industries Ltd. Pioneer plans to use sale proceeds to fund its Permian Basin program.
June 1, 2015
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