Thursday, July 17, 2025

U.S. Drilling Continues to Rise: Baker Hughes

Three more rigs this week bring total up to 981 U.S. drilling activity increased this week, marking four weeks since a decrease in operations, according to the latest edition of Baker Hughes’ Rig Count. The total number of rigs operating in the U.S. rose by three to 981 this week, the highest rig count since April 2015. Offshore activity decreased

EP Energy: Completed 71 Permian, 43 EF Wells in 2017

‘A couple of engineers are significantly less expensive than a poorly completed well – EP’s Russell Parker’ On February 28, 2018 Ep Energy Corporation (ticker: EPE) announced fourth quarter and year-end 2017 financial and operational results. Key highlights New leadership team in place 3 thousand barrels of oil equivalent per day (MBOEPD), including 46.1 thousand barrels of oil production per

Big Data is Here—Not Five Years Out

Flotek/IBM partnership on ‘Reservoir Cognitive Consultant’ seeks to identify trends and make predictions Big data came to the Oilfield Tech and Innovation Conference last week in Dallas with several presenters focusing on the access to big data as the avenue to take oil and gas field development to the next level. Houston-based Flotek (ticker: FTK) CEO John Chisholm discussed the

global petroleum consultancy Netherland, Sewell & Associates (NSAI) hosts a series of oil and gas property evaluation seminars. Oil & Gas 360

Oil’s Boom & Bust Cycle May Be Over – Here’s Why

From Harvard Business Review In November, United States’ crude oil production exceeded 10 million barrels per day for the first time since 1970, according to the US Energy Information Administration (EIA). Analysts have predicted that U.S. could become the world’s largest oil producer in 2018, surpassing Saudi Arabia and Russia. How did we get here, and what does it mean for the industry?