November 01, 2023
The wells will provide a significant near-term production boost and are expected to generate substantial cashflows for the company, which can be reinvested into the development of its project in the Paradox basin, Utah.
January 04, 2023
With these transactions, ProFrac has expanded its geographic footprint to include the Rockies and Bakken, and increased its pressure pumping and manufacturing presence in the Northeast.
November 21, 2022
Zephyr Energy Plc, the Rocky Mountain oil and gas company focused on responsible resource development and carbon-neutral operations, announced on Monday that drilling operations have commenced on the State 36-2 LNW-CC well at its flagship project in the Paradox Basin, Utah.
The catastrophic demand decline initiated by coronavirus lockdowns significantly damaged the U.S. oil industry, with oversupply, historically low storage capacity, and low prices. Operators responded by stacking rigs and shutting-in production.
October 10, 2019
Halliburton is reducing its workforce in the Rockies as the biggest oilfield service contractor to announce job cuts grapples with a protracted spending slump in the shale patch.
Elected officials are doing their best to kill off the golden goose in two states that have benefitted mightily from the shale revolution.
Shale operators are increasing U.S. crude production in response to oil prices that are, so far, trending more favorably this year, due largely to decisions by OPEC and Russia to curb production.
Drilling activity is noticeably higher, as American drillers climb out from historically low levels.
May 11, 2017
Foothills Exploration, Inc., an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, today announced that it has entered into a purchase and sale agreement with an undisclosed seller.