More Drilling Operations News

Comstock to suspend 2015 oil drilling in Eagle Ford, TMS

Dec 19, 2014

Due to low crude oil prices, Comstock Resources Inc., Frisco, Tex., plans to suspend its 2015 oil-directed drilling activity on properties in the Eagle Ford shale in Texas and Tuscaloosa Marine shale (TMS) in Mississippi.

Wintershall hikes estimates of recoverable resources for Maria field

Dec 18, 2014

Wintershall Holding GMBH reported higher recoverable resource estimates for the Maria field in the Norwegian Sea. The revised estimate is 180 million boe, an increase of 40 million boe.

ExxonMobil begins Bass Strait drilling campaign

Dec 18, 2014

The ExxonMobil Corp.-operated joint venture with BHP Billiton Ltd. and Santos Ltd. has begun a $335 million (Aus.) offshore drilling campaign in Bass Strait encompassing five Turrum field wells to bolster the $4.5-billion Kipper-Tuna-Turrum development project that came on stream in November 2013.

Rumaila to ramp up production 50% by end of decade

Dec 17, 2014

The Rumaila Operating Organization (ROO)—a partnership of South Oil Co., BP PLC, PetroChina Co. Ltd., and Iraq’s State Oil Marketing Organization (SOMO)—plans to increase production by 50% from Iraq’s giant Rumaila oil field to 2.1 million b/d by the end of the decade.

Senate passes Defense bill with BLM drilling permit program provision

Dec 15, 2014

The US Senate approved a Department of Defense appropriations bill on Dec. 13 containing a provision extending and making permanent a drilling permit processing pilot program the 2005 Energy Policy Act established in several Rocky Mountain US Bureau of Land Management field offices. The measure now heads to the White House, where it is expected to be signed.

BHI: US rig count forced down by large losses in Texas

Dec 12, 2014

Forced down by large losses in Texas and specifically the Permian basin, the US drilling rig count plummeted 27 units to settle at 1,893 rigs working during the week ended Dec. 12, Baker Hughes Inc. reported. This week’s report comes on the heels of sub-$60/bbl crude oil prices on NYMEX.

TAEP: TPI still peaking, but ‘contraction unavoidable’ as oil prices fall

Dec 12, 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), set well-permitting and employment records in October, resulting in another record high score overall.

Independent assessment hikes Husky heavy oil resources

Dec 12, 2014

Husky Energy Inc., Calgary, says an independent assessment increases its heavy oil resources in the Lloydminster region of Alberta and Saskatchewan.

ConocoPhillips slashes 2015 capital budget

Dec 8, 2014

ConocoPhillips has elected to reduce its 2015 capital budget to $13.5 billion, down 20% compared with this year’s budget. The news comes on the heels of crude oil prices hitting 5-year lows.

BHI: Kansas, Granite Wash lead week of modest changes in US rig count

Dec 5, 2014

The US drilling rig count opened the month by adding 3 units to reach 1,920 rigs working during the week ended Dec. 5, Baker Hughes Inc. reported. The US has 145 more units compared with this week a year ago.

Statoil extends rig suspensions

Dec 5, 2014

Statoil ASA has elected to extend the suspensions of the COSL Pioneer, Scarabeo 5, and Songa Trym drilling rigs for additional 7.5, 1.5, and 1-month periods, respectively.

House passes defense bill with BLM drilling permit program provision

Dec 5, 2014

The US House of Representatives approved a fiscal 2015 defense appropriations bill that includes a provision to extend and make permanent an onshore drilling permit processing pilot program in several US Bureau of Land Management field offices.

Freeport-McMoRan hits oil pay in two gulf development projects

Dec 4, 2014

Freeport-McMoRan Oil & Gas, a subsidiary of Freeport-McMoRan Inc., encountered a total of 234 net ft of Miocene oil pay with the Holstein Deep delineation well on Green Canyon Block 643 in the deepwater Gulf of Mexico.

Stone updates Cardona project in deepwater gulf

Dec 4, 2014

Stone Energy Corp., Lafayette, La., has started production testing from the Cardona Nos. 4 and 5 wells, both part of the Cardona deepwater development project in the Gulf of Mexico.

CAMAC signs contract for Oyo drilling

Dec 4, 2014

CAMAC Energy Inc., Houston, will use the Transocean Ltd. Sedco Express semisubmersible rig to drill and complete at least two wells in Oyo oil and gas field offshore Nigeria while the first two producing wells are being plugged.

Market Connection

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PUBLIC AUCTION: Complete Liquidation of Offshore/Onshore Heavy Fabrication Facility

  PUBLIC AUCTION: Complete Liquidation of 300-Acre Facility. McDERMOTT, INC.: AMELIA (MORGAN CITY), LOUISIANA. SEPTEMBER 8-12, 2014. ONE OF AM...
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