Tag: drilling

North American production bolsters Halliburton profits 21 percent

Halliburton cleared a 21 percent profit boost in the second quarter as demand for oil production equipment climbed in North America and drills kept spinning in the eastern hemisphere, the company said Monday.  More »

Report: 10 percent more Eagle Ford wells this year

Operators working in the Eagle Ford Shale started drilling 2,364 new wells in the first six months of the year, according to the latest Baker Hughes Well Count.  More »

Expert: Pa. didn’t address fracturing health impacts

By Kevin Begos Associated Press PITTSBURGH — Pennsylvania’s former health secretary says the state has failed to seriously study the potential health impacts of one of the nation’s biggest natural gas drilling booms. Dr. Eli Avila also says the state’s current strategy is a disservice to people and even to the industry itself because health […]  More »

Noble Corp. spinoff Paragon announces $1.2 billion debt offering

Paragon Offshore Ltd., the spinoff of offshore drilling contractor Noble Corp., today announced plans to issue $1.2 billion in private debt.  More »

Research links Oklahoma quakes to drilling activity

A recent surge in central Oklahoma earthquakes is likely linked to the disposal of oil and gas wastewater in a handful of high-volume underground wells in the state, according to research released Thursday.  More »

Fracking study finds new gas wells leak more

Newer and unconventional wells leak far more often than older and traditional ones, according to a study of state inspection reports for 41,000 wells.  More »

New York cities win right to ban fracking

New York’s cities and towns can block hydraulic fracturing within their borders, the state’s highest court ruled, dealing a blow to the oil industry.  More »

Oklahoma looks for answers on earthquakes

Earthquakes used to be almost unheard of on the vast stretches of prairie that unfold across Texas, Kansas and Oklahoma, but they’ve become common in recent years.  More »

Horizontal drilling fuels latest Oklahoma oil boom

More than 4,600 oil and natural gas wells were completed in Oklahoma last year as part of a domestic boom that is affecting many parts of the nation, according to reports filed with state regulators.  More »

Four in 10 higher risk wells aren’t inspected by feds

Four in 10 new oil and gas wells near national forests and fragile watersheds or otherwise identified as higher pollution risks escape federal inspection, unchecked by an agency struggling to keep pace with America’s drilling boom.  More »

Feds: Eagle Ford will lead shale production growth in July

The U.S. Energy Information Administration expects that the Eagle Ford Shale will produce 1.4 million barrels of crude oil and other liquids daily in July.  More »

Drug gangs attacks block Mexican shale boom

Violent drug traffickers are the latest challenge facing Mexico as it attempts to replicate the kind of shale bonanza taking place in Texas.  More »
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