Drilling
News
May 28, 2024
Following comprehensive evaluation of the well data, including wireline logs, cuttings and gas data, preliminary interpretations confirm the presence of reservoirs over an interval of approximately 200 m gross thickness, corresponding to the pre-drill targets.
News
May 27, 2024
The well remains on schedule to begin drilling in June 2024 and is targeting 163 MMbbl of unrisked prospective oil resources or 843 Bcf of unrisked prospective natural gas resources based on the most recent prospective resources report.
News
May 23, 2024
President Javier Milei, who’s just months into a four-year term, pledges to go where no Argentine leader has successfully ventured for three decades by deregulating the country’s tightly controlled economy. But his signature legislation, which would stamp his libertarian vision on the economy — including free oil markets — still needs to win approval in congress.
News
May 20, 2024
The Dartois target has Best Estimate recoverable prospective resources of 12 Bcf, Chariot said in an online statement. Chariot is also testing an independent prospect targeting a different trapping style to the Gaufrette prospect drilled by the RZK-1 well
News
May 13, 2024
Shale operators drilled more crude wells than they fracked in April, marking the first back-to-back increase in drilled-but-uncompleted projects since late 2022, according to a report from the U.S. Energy Information Administration on Monday.
News
May 07, 2024
Earlier this year, using Nabors provided technology, Vista electrified the first drilling rig in Vaca Muerta, Nabors PACE® F24, which is entirely powered by renewable energy.
News
May 03, 2024
Energy companies in the United States have reduced the number of operating oil and natural gas rigs for the second consecutive week, reaching the lowest count since January 2022, according to Baker Hughes' latest report.
News
May 03, 2024
Nabors, a leading provider of drilling solutions, has announced the launch of Nabors Integra Surface Services, a new offering aimed at revolutionizing drilling operations.
News
May 02, 2024
SilverBow Resources Inc. has successfully executed a horseshoe lateral in the Austin Chalk formation of South Texas, transforming a one-mile well into an 8,900-foot U-shaped hole.
News
May 02, 2024
The company, serving as operator with a 75% stake alongside ONHYM at 25%, has initiated drilling at the Gaufrette prospect with the spudding of the RZK-1 well.
News
May 02, 2024
TAQA’s Threlix is designed to assist operators in mitigating drilling dysfunctions across multiple axis in Rotary Steerable Systems applications, improving drilling efficiency and cost reduction.
News
April 28, 2024
After better-than-expected production from fewer rigs in 2023, U.S. shale executives now are in the midst of slowing down amid a shrinking inventory of top-tier drilling locations, weak natural gas prices, and industry consolidation.
News
April 24, 2024
While production is at record levels, productivity per well in the Permian basin has declined 15% since 2020, due to factors like interference with underground pressure from extensive drilling. However, innovations like longer lateral wells and simultaneous fracking (simul-frac) are improving efficiency and lowering costs.
News
April 23, 2024
After better-than-expected production in 2023, the U.S. shale patch is now in the midst of slowing down amid dwindling inventory for top-tier drilling locations, weaker natural gas prices and industry consolidation.
News
April 19, 2024
The Energy Workforce & Technology Council released a statement strongly condemning the administration’s move to block oil and gas drilling across over 13 million acres of the National Petroleum Reserve, a vital component of the U.S.’ energy security.
News
April 18, 2024
In June, 2024, ReconAfrica expects to begin drilling operations at the Naingopo exploration well. The well is targeting 163 MMbbl of unrisked prospective oil resources, or 843 Bcf of unrisked prospective natural gas resources.
News
April 15, 2024
Overall, U.S. shale-oil production is expected to be steady at about 9.86 MMbpd in May, below the record 10 MMbpd seen in December, according to the report. Production from the Permian basin hasn’t completely returned to the December high and is expected to be roughly 6.17 MMbpd next month.
News
April 11, 2024
KCA Deutag has announced the award of $204 million of onshore drilling contracts in Oman, Saudi Arabia, Peru and Bolivia.
News
U.S. shale drillers to reduce Permian drilling emissions, increase reliability with nuclear reactors
April 01, 2024
Diamondback, the largest independent producer headquartered in the shale-oil region, has signed a nonbinding letter of intent with Oklo Inc. to deploy small reactors for some of its future power needs, according to Diamondback President Kaes Van’t Hof.
News
March 28, 2024
Chesapeake Energy Corp. plans to put 80 new natural gas wells into suspended animation by the end of this year with an eye to turning them on when prices for power-plant and heating fuel rebound from the lowest prices in years.
News
March 27, 2024
Drillers in the Permian basin told the survey they could profitably bore new wells with a crude price of $65 a bbl, well below the $83 actual price during the period in which opinions were gathered. The snag, however, is concern that the Biden administration may impose costly regulatory changes that would gut future profitability, survey respondents said.
