Tag: drilling

Diamondback Energy to delay drilling, push for cuts to service costs in 2015

Diamondback said that it expects the cost of a horizontal well with a 7,500-foot lateral segment to fall to between $6.2 million and $6.7 million.  More »

Sand boom headed for uncertainty, Moody’s says

With crude prices down more than 55 percent since the summer of 2014, sand producers are facing uncertainty about how much of the material will be needed in the next few years.  More »

Halcón offers second round of budget cuts as crude continues fall

The Houston-based company said yesterday it will spend between $375 million and $425 million drilling and completing new wells this year.  More »

NY farmers lament lost opportunity for gas riches

While environmental groups are doing a victory dance over New York’s decision to ban fracking, farmers such as apple grower David Johnson are grieving for dashed hopes and dreams.  More »

Rig count falls for second week

The number of rigs searching and drilling for oil and gas across the U.S. fell by 18 this week to 1,875, according to data from oil service company Baker Hughes.  More »

Rosetta Resources to cut 2015 spending

The company also said it would pare back the number of drilling rigs it will use and announced plans to refocus more of its budget on the Permian Basin.  More »

Crude fall raises prospects of layoffs in Wyoming

The drop in prices carries widespread implications in Wyoming, where a recently revived oil industry has bolstered payrolls and state coffers.  More »

Shale drillers keep output high despite oil price decline

Companies said they expect to pump more from their prime properties while cutting back in their least productive prospects.  More »

Residents’ lawsuit targets Illinois fracking rules

Among the allegations is that Illinois’ natural resources regulator didn’t consider scientific studies in its first rules notice, denying the public a chance to address the specific information the agency relied upon to draft the rules.  More »

New Mexico county passes strict drilling rules as state judge considers wider ban

The new ordinance supersedes a moratorium on oil and gas development that had been in place since 2010.  More »

Halcón to pull back from Tuscaloosa Marine Shale

The decision underscores the wide disparity between the economics of established shale plays and younger ones.  More »

Chevron drillship arrives deep in the Gulf of Mexico

The Pacific Sharav, built to Chevron’s specifications, will work in the Keathley Canyon under a five-year contract with Pacific Drilling, a Houston-based ultra-deepwater drilling contractor.  More »

Eagle Ford, Permian drilling production surges

According to the Texas Petro Index, oil production in Texas rose almost 20 million barrels.  More »

West Virginia opens bids on drilling under Ohio River

Noble Energy, Gastar Exploration and Statoil submitted bids with 20 percent royalty rates. State officials plan to pick winners in the next week or two.  More »

Residents near gas wells twice as likely to report symptoms, study finds

Researchers found that residents living near Marcellus Shale natural gas wells were more likely to report rashes, sinus problems, coughs, sore throats, itchy eyes, nose bleeds and stuffy noses than those who lived farther away.  More »
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