More Drilling Operations News

Mexico moving quickly to implement energy reforms, officials report

Nov 14, 2014

Mexico is moving quickly to implement its aggressive energy reforms, two officials of its government told a conference at the Woodrow Wilson International Center for Scholars. “My office has a very tight schedule where we’ll publish all the terms for the first shared contracts by the end of this month, and into next year,” said Maria de Lourdes Melgar Palacios, hydrocarbons undersecretary in the country’s hydrocarbons secretariat.

BHI: Gains in Utica, Ohio headline latest US rig count

Nov 14, 2014

The US drilling rig count was up 3 units to reach 1,928 rigs working during the week ended Nov. 14, with notable gains in Ohio and more specifically the Utica basin, Baker Hughes Inc. reported.

American Energy unit adds SCOOP, STACK acreage in Oklahoma

Nov 13, 2014

American Energy–NonOp LLC (AENO), an affiliate of American Energy Partners LP (AEP), Oklahoma City, has completed a series of transactions with Double Eagle Energy Holdings LLC, Ft. Worth, and several other parties to acquire nonoperated working interests in the SCOOP and STACK resource plays in southern and central Oklahoma for $251 million.

Encana completes acquisition of Athlon Energy

Nov 13, 2014

Encana Corp. now holds a premier 140,000 net acre spread in the oil-rich Permian basin after successfully acquiring Fort Worth-based Athlon Energy Inc. for $7.1 billion.

FWS lists Gunnison sage grouse as a threatened species

Nov 12, 2014

The US Fish and Wildlife Service listed the Gunnison sage grouse—a ground-dwelling bird found only in southwestern Colorado and southeastern Utah—as a threatened species under the federal Endangered Species Act. Government officials in both states and oil and gas producers called the action unnecessary while environmental organizations said it did not go far enough.

Triple Crown advances Kansas drilling in 2015

Nov 12, 2014

Triple Crown Energy LLC, Tulsa, has closed on separate joint ventures with US Energy Develoment Corp. (USEDC) and Millennial Energy Partners LLC. Triple Crown plans to drill 24 vertical wells on its Kansas acreage holdings in 2015.

New API standards cover offshore drilling, production structures

Nov 11, 2014

The American Petroleum Institute published five new recommended practices (RPs) for the design, construction, and maintenance of structures used in offshore oil and gas drilling and production.

Bakken, deepwater Gulf of Mexico to boost Hess’s production

Nov 11, 2014

Hess Corp. plans to increase its production growth rate forecast by 6-10%/year during 2013-18, assuming $90-100/bbl Brent, anchored by production in the Bakken shale and deepwater Gulf of Mexico, the company said Nov. 10 during an investor presentation in Houston.

TAEP: TPI continues record pace, but threatened by falling oil prices

Nov 10, 2014

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), continued on its record pace in September, reaching a score of 312.3, up 6% compared with September 2013.

BHI: US rig count down slightly during October, past week

Nov 7, 2014

The US drilling rig count dropped 4 units to settle at 1,925 rigs working during the week ended Nov. 7, Baker Hughes Inc. reported.

Overcapacity causes Statoil to suspend two rigs

Nov 6, 2014

Statoil ASA will suspend the Transocean Spitsbergen and Songa Trym drilling rigs for the remainder of the year—and may choose to extend the suspension beyond that period—following completion of work in mid-November because of overcapacity in its rig portfolio.

Sembcorp Marine gets contract for new jack up

Nov 5, 2014

BOT Lease Co. Ltd (BOTL), a leasing company of The Bank of Tokyo-Mitsubishi UFJ, has let a $240-million contract to Sembcorp Marine subsidiary PPL Shipyard to build a jack up drilling rig. Japan Drilling Co. Ltd. (JDC) will serve as project coordinator.

Interpretation-ready datasets unlock exploration, development potential

Nov 3, 2014

Correctness, accuracy, and precision of raw data are critical for accurate petrophysical analysis; otherwise the interpretation of the rocks and fluids that comprise layers in the subsurface could lead to unprofitable development decisions.

BHI: US rig count makes gains in Kansas, modest rise overall

Oct 31, 2014

The US drilling rig count edged up 2 units to reach 1,929 rigs working during the week ended Oct. 31, Baker Hughes Inc. reported.

AEP unit to acquire Wolfcamp acreage for $726 million

Oct 30, 2014

American Energy–Permian Basin LLC (AEPB), an affiliate of Oklahoma City-based American Energy Partners LP (AEP), has completed or entered into definitive agreements with multiple parties to acquire acreage in the Wolfcamp shale of the central Midland basin, primarily in Reagan County, Tex., for $726 million.

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