Hydraulic Fracturing Archives

$U.S oil operators are drilling shale wells faster than fracking them following “record” 2023 production EIA reports- oil and gas 360$

U.S oil operators are drilling shale wells faster than fracking them following “record” 2023 production, EIA reports

April 15, 2024

World Oil (Bloomberg) – Shale operators are drilling wells faster than they’re fracking them. Oil companies added to the number of drilled-but-uncompleted wells, known as the fracklog, last month for the first time in more than a year, according to a report from the US Energy Information Administration on Monday. The tally is a key indicator of near-term crude flows

$How fracking helped the U.S. become the world’s top LNG exporter- oil and gas 360$

How fracking helped the U.S. become the world’s top LNG exporter

January 12, 2024

Oil Price In 2003, the late author and investment banker Matther Simmons predicted that with “certainty,” by 2005 the U.S. would enter a long-term natural gas crisis for which the only solution was “to pray.” T. Boone Pickens and a number of high-profile energy insiders concurred. ConocoPhillips and ExxonMobil made large acquisitions of natural gas companies, betting on a future

SeismicAI collaborates with oil, gas industry to protect infrastructure from earthquakes in Oklahoma

July 28, 2023

World Oil (WO) – SeismicAI joined The Petroleum Alliance of Oklahoma in order to facilitate the implementation of innovative EEW advanced technology in the oil and gas industry. Additionally, SeismicAI is working with the Oklahoma Geological Survey to apply the SeismicAI early-warning techniques with data from a real-time statewide seismic network. Since 2009, Oklahoma has been experiencing a surge in

$Ban on gas fracking in England lifted in push for energy independence- oil and gas 360$

Ban on gas fracking in England lifted in push for energy independence

September 22, 2022

Yahoo Fracking can go ahead in England, the government said on Thursday, lifting a ban on the controversial process. A moratorium was put in place in 2019 following concerns over earth tremors. But with the energy crisis worsening globally and world leaders scrambling to secure energy supplies, the question has been reopened. The decision comes alongside the publication

$UK lifts shale gas fracing ban in hopes of boosting fuel supply- oil and gas 360$

UK lifts shale gas fracing ban in hopes of boosting fuel supply

September 8, 2022

World Oil (Bloomberg) — New British Prime Minister Liz Truss removed a ban on drilling for shale gas, an effort to boost domestic energy supply that will have to overcome the same obstacles that stymied the industry for the past decade. The lifting of the moratorium on so-called fracing was part of a package of measures announced on Thursday to tackle soaring

$The price of frac sand has spiked 150% for Permian oil producers- oil and gas 360$

The price of frac sand has spiked 150% for Permian oil producers

July 6, 2022

World Oil (Bloomberg) — Bumping along the desolate highways of the Permian Basin, the world’s busiest oil field, there are long stretches where all you see are drilling rigs, sage brush and miles upon miles of sand. That’s why it’s so strange that Texas crude producers are facing a sand shortage of more than 1 million tons and prices that have jumped 150%. Frac sand, which

$Liberty Oilfield posts best sales in years on fracing boom- oil and gas 360$

Liberty Oilfield posts best sales in years on fracing boom

April 21, 2022

World News (Bloomberg) — Liberty Oilfield Services Inc. posted its best quarterly sales since going public more than four years ago as the global energy crisis spurs a boom in demand for fracing. The second-biggest provider of frac work in the U.S. shale sector rose 9.8% to $19.15 at 10:53 a.m. in New York after earlier climbing as much as

$Permian explorers drill deep into fraclog, leaving shelves bare- oil and gas 360$

Permian explorers drill deep into fraclog, leaving shelves bare

April 19, 2022

World Oil (Bloomberg) — Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade. The number of wells that have been drilled and await a frac crew to complete them, also known

Santos dispute with ConocoPhillips snags Alaska oil project, stake sale

April 1, 2022

World Oil Australia’s Santos Ltd. is locked in a dispute with ConocoPhillips over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both companies to the U.S. state’s government. The dispute could also delay Santos’s planned sale of its majority stake in the project, which could thwart its target of raising $2 billion

$Halliburton sees frac equipment orders double as shale rebounds- oil and gas 360$

Halliburton sees frac equipment orders double as shale rebounds

January 25, 2022

World Oil HOUSTON (Bloomberg) –Shale-oil companies are using almost all of the frac equipment and crews available as exploration expands, accelerating cost inflation and pointing to worsening supply-chain disruptions across the industry. North American oil drillers appear likely to expand spending by more than 25% this year while overseas explorers are on course for a more modest increase in the

Russia says EU carbon border tax may impinge on global trade rules

June 17, 2021

Reuters MOSCOW – Russian Deputy Prime Minister Alexander Novak said on Thursday that the European Union’s plans to impose carbon emission costs on imports of goods may clash with the global trade rules and threaten the safety of energy supplies. The EU plans to impose carbon emission costs on imports of goods including steel, cement and electricity, according to a

$Calfrac -oilandgas360$

Calfrac Announces 2021 Capital Program

December 7, 2020

Calfrac Announces 2021 Capital Program CALGARY, AB , Dec. 7, 2020 /CNW/…

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