New Low for Active US Crude Oil and Natural Gas Rigs
In 2 months, the US saw a 56% decline in rig count, reaching a 33-year low.
Three Basins Driving Big Year-Over-Year Increase in US Gas Output
A marked change from a decade ago, Appalachia, the Permian, and the Haynesville now represent almost half of total US gas production, EIA reports.
BP To Buy US Shale Assets From BHP for $10.5 Billion
BP ends a year of speculation as to who will buy BHP Billiton’s much-coveted US unconventional business, transforming its Lower 48 portfolio in the process.
Double-Digit Growth Forecast in US Drilling and Completion Market
Drilling and completion expenditure and activity is projected to show multiyear double-digit growth from 2018–2022 despite a flattening of rig count increases.
After Drop in Activity, Haynesville Shale Sees Resurgence
After a drop in drilling activity in recent years, the Haynesville shale has become a hot area for natural gas production in the US, and companies are looking to bolster their positions in the area.
Drawdown Management Critical To Mitigating EUR Losses in Shale Wells
In drawdown management, operators can exert control over the downhole flow pressure, reservoir pressure, and choke size to avoid estimated ultimate recovery (EUR) losses.
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