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horizontal drilling

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Study: Refracturing not all it’s fracked up to be

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A large-scale redo of oil wells won’t make sense until companies see better returns from returning to old wells than from drilling new ones, said Christopher Robart, at IHS.
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Colorado energy companies take trespassing claims to court

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Encana Corp. has sued WPX Energy, saying WPX knowingly drilled a well that passed horizontally through Encana’s mineral estate in the Parachute Creek area without getting Encana’s permission.
A well is drilled at an Apache Energy site in the Permian Basin in Midland, Texas, Feb. 14, 2012. (Jim Wilson/The New York Times)

Shale tech could squeeze 141 billion barrels from oil fields outside the US

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Adapting the technology that powered the shale oil boom in Texas to the deserts of Saudi Arabia and elsewhere could free 141 billion barrels of crude, research firm IHS said Thursday.
Aubrey McClendon, owner of American Energy Partners (F. Carter Smith/Bloomberg )

McClendon’s West Texas venture plans Wall Street debut

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Wildcatter Aubrey McClendon’s oil and gas startup in West Texas may be the latest venture in the Permian Basin to beckon for Wall Street investors, sitting astride one of the most lucrative U.S. shale plays.
(Alexander Zemlianichenko Jr./Bloomberg)

Oil at $80 a barrel muffles forecasts for U.S. shale boom

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The bear market in oil has analysts reassessing the U.S. shale boom after five years of historic growth.
Jose Valdez welds a tank at Kerrville-based Fox Tank Co., which which builds steel oil field tanks. (William Luther/San Antonio Express-News)

Shale boom buoys businesses far removed from oilfields

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The boom has been most generous to companies working in states with the most oil and gas activity, but the economic boost has also trickled down to steel-makers and machine tool manufacturers based in regions with no production, the report said.
(StockMonkeys.com)

Oklahoma lawmakers to unveil new tax rate proposal for wells

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An incentive for a 1 percent tax rate for horizontally drilled oil and gas wells would be increased to 2 percent and extended to all wells drilled in Oklahoma under a bill drafted in the Oklahoma Legislature on Monday.
baker hughes walking rig

Report: Horizontal rigs surging in Permian Basin

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Half the increase in horizontal drilling over the last five months has happened in the Permian Basis, according to a new U.S. Energy Information Administration report.
Oklahoma state Senate President Pro Tem Brian Bingman, right, R-Sapulpa, looks on during a news conference to announce an agreement on the budget, as state Sen. Clark Jolley, left, R-Edmond, answers a question at a news conference in Oklahoma City. (AP Photo/Sue Ogrocki)

Oil tax incentive change part of Oklahoma budget debate

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The Legislature this year also has yet to reach an agreement on a generous tax incentive currently in place for horizontally drilled wells that reduces the tax from its regular rate of 7 percent to 1 percent.
Last Mile - Final fueling

Shale boom sends U.S. crude production to 28-year high

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Output rose 78,000 barrels a day to 8.428 million, the most since October 1986, according to Energy Information Administration data.