Post Tagged with: "horizontal drilling"

The Permian Oil Boom Is Showing Signs of Overheating

The Permian Oil Boom Is Showing Signs of Overheating

Shortages of sand, pipelines, and manpower could jeopardize America’s future as an energy superpower

At 10:30 p.m. on an 85F August night in Penwell, in West Texas, a 69-year-old repairman is hammering away at the frame of an 18-wheeler in …

Source: Callon Petroleum

Upstream Oil Merger: Callon Acquires Carrizo in $3.2 Billion Texas Combo

By Tyler Losier, Energy Reporter, Oil & Gas 360

Callon adds oil-weighted assets in the Permian and Eagle Ford through all-stock transaction
Callon Petroleum Company (stock ticker: CPE), an independent E&P focused on unconventional assets in the Permian, has struck

What Energy Security Looks Like: 90% of Natural Gas Used in U.S. Is Produced Domestically

What Energy Security Looks Like: 90% of Natural Gas Used in U.S. Is Produced Domestically

By Tyler Losier, Energy Reporter, Oil & Gas 360


The United States has been a net exporter of natural gas since 2017

In the United States, natural gas is one of the most prevalent sources of energy, and according to

Equals to Merge

Equals to Merge

By Tyler Losier, Energy Reporter, Oil & Gas 360

Oilfield service consolidation rolls on
C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of

Source: Federal Reserve Bank of Dallas

Dallas Fed: Oil Companies Need $50 per Barrel to Break Even

Average breakeven fell 4% over the past year
With the price of oil in a pretty constant state of volatility as of late, the breakeven point for crude is an important number to keep in mind.

According to the Federal

Are Today’s High-Speed Horizontals Drilling Too Fast for the Humans?

Are Today’s High-Speed Horizontals Drilling Too Fast for the Humans?

Increasingly fast pace of drilling horizontal wells is squeezing the limits of software, people
by Bevo Beaven, Editor, Oil & Gas 360

It was only a few years back, during the early-middle years of the downturn, that operators began bragging

Codell Sandstone Attracting Oil Drillers to Wyoming

Codell Sandstone Attracting Oil Drillers to Wyoming

Success in the Codell sandstone: Wyoming Geological Survey examines 119 producing Codell horizontal oil wells in Laramie County 

The Codell sandstone could be a formation that operators might begin to take seriously. A new report from the State of Wyoming …

Renewable Energy could Replace Fossil Fuels for Power Gen by 2066: an OAG360® Exclusive Interview with NREL Director Martin Keller

Renewable Energy could Replace Fossil Fuels for Power Gen by 2066: an OAG360® Exclusive Interview with NREL Director Martin Keller

If Martin Keller’s prediction comes true, in 50 years the U.S. won’t be using nearly the amount of crude oil, refined petroleum products, natural gas or coal as the legacy energy industry has been supplying for the past 100 years

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

An Exclusive Interview with CPE’s CEO Fred Callon

Callon Petroleum (ticker: CPE) became a pure-play Permian Basin E&P no more than one year ago, but its efficiency in the United States’ greatest oil producing play is apparent. In a news …

First Quebec Horizontal Oil Well can Withstand Prices – Junex

First Quebec Horizontal Oil Well can Withstand Prices – Junex

Canadian oil company Junex says their new horizontal well is commercial, even at today’s oil prices

Quebec oil and gas company Junex (ticker: JNX) announced earlier this week that it plans to restart production of its Galt No. 4 horizontal …

February 4, 2015 - 5:15 pm Canada, Oil and Gas 360 Articles
Resolute Energy Posts Production Increase, 2015 Coming into View

Resolute Energy Posts Production Increase, 2015 Coming into View

Resolute Energy Corp. (ticker: REN) is an exploration and production company with producing assets in the Permian Basin (Texas), the Hilight Field of the Powder River Basin (Wyoming) and the Aneth Field of the Paradox Basin (Utah). REN is developing …

E&Ps Finding the Powder River Basin is an Oil Play

E&Ps Finding the Powder River Basin is an Oil Play

The Powder River Basin (PRB), an area in Wyoming traditionally exploited for its coal resources and coalbed methane gas opportunities, has more than doubled its oil output since 2009. The Energy Information Administration’s (EIA) Today in Energy segment for September …

September 15, 2014 - 5:03 pm Fracing, Oil and Gas 360 Articles, Oilfield Services
Utica Shale Graduates to EIA’s Drilling Productivity Report

Utica Shale Graduates to EIA’s Drilling Productivity Report

The Utica Shale made its first ever appearance on the Energy Information Administration’s (EIA) Drilling Productivity Report on August 12, 2014. The Report first debuted on October 22, 2013, and detailed various elements of six major plays, including production rates, …

August 12, 2014 - 5:41 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Bellatrix Exploration: An Introduction to a Company at the Forefront of Canada’s Oil Revival

Bellatrix Exploration: An Introduction to a Company at the Forefront of Canada’s Oil Revival

Bellatrix Exploration Ltd. (ticker: BXE) is a Calgary-based E&P operating in the Western Canada Sedimentary Basin. Its main targets are the Cardium and Notikewin/Falher intervals located near Edmonton. The company was formed in 2009 through a plan of arrangement with …

June 6, 2014 - 4:41 pm Canada, Fracing, Oil and Gas 360 Articles

Unit Corporation Announces 2014 Budget, Forecasts Production Growth of up to 18%

Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and …

January 14, 2014 - 5:17 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Energy XXI Bumps up Production Rates in Q2’14, Ramps up Activity in the West Delta

Energy XXI Bumps up Production Rates in Q2’14, Ramps up Activity in the West Delta

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a …

January 14, 2014 - 5:09 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles
2013 in Review: Horizontal Drilling & Increased Efficiency Paces Historic Year for the United States

2013 in Review: Horizontal Drilling & Increased Efficiency Paces Historic Year for the United States

2013 is winding to a close, and the United States oil and gas industry will cement the year as one of the most productive in history. In October, the Energy Information Association predicted the U.S. will surpass Russia as the …

Emerald Oil Reports Q3’13 Results; Clear Path to Double Production during 2014

Emerald Oil (ticker: EOX) is an independent exploration and production operator that is focused on acquiring acreage and developing wells in the Williston Basin of North Dakota and Montana, targeting the Bakken and Three Forks shale oil formations.

Recent Earnings

November 7, 2013 - 4:41 pm Fracing, Oil and Gas 360 Articles

Resolute Announces Initial Results from Horizontal Drilling Program in Third Quarter Earnings Release

Resolute Energy Corp. (ticker: REN) is engaged in the acquisition, development and production of onshore domestic hydrocarbons, principally crude oil. Resolute’s producing assets are the Aneth Field in the Paradox Basin of Utah and Hilight Field in the Powder River …

November 7, 2013 - 3:18 pm Earnings, Fracing, Oil and Gas 360 Articles

Unit Corporation Announces Q3’13 Results; Doubles E&P Rig Count to Accelerate Activity

Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and …

November 7, 2013 - 2:51 pm Midstream, Oil and Gas 360 Articles
Saratoga Resources Adds Gulf of Mexico Leases Following Zeke Well Test Results

Saratoga Resources Adds Gulf of Mexico Leases Following Zeke Well Test Results

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately …

September 13, 2013 - 3:50 pm Offshore, Oil and Gas 360 Articles