More Drilling Operations News

BLM proposes higher onshore oil, gas royalty rates

Apr 17, 2015

The US Bureau of Land Management is proposing changes to federal onshore oil and gas royalty rates, rental payments, lease sale minimum bids, civil penalty caps, and financial assurances, US Interior Secretary Sally Jewell announced. Comments on the Advanced Notice of Possible Rulemaking (ANPR) will be accepted for 45 days following its publication in the Federal Register next week.

BHI: US rig count cut in more than half since Dec. 5

Apr 17, 2015

The US drilling rig count fell 34 units—all on land—to 954 rigs working during the week ended Apr. 17, according to data from Baker Hughes Inc.

More rig day rate, fleet use declines seen

Apr 17, 2015

Drilling contractors, onshore and offshore, face further declines in day rates and fleet utilization this year as operators slash activity in response to a crude-price slump that shows no sign of early recovery, warns Fitch Ratings.

BOEM, BSEE extend comment period for proposed Arctic drilling rules

Apr 17, 2015

The US Bureau of Ocean Energy Management and Bureau of Safety and Environmental Enforcement extended the comment period for proposed oil and gas drilling regulations on the US Arctic Outer Continental Shelf by 30 days.

IHS: Eagle Ford completions pending

Apr 13, 2015

US oil producers operating in the Eagle Ford shale in South Texas built an inventory of nearly 1,400 drilled but uncompleted (DUC) wells, said an analysis from IHS, which noted that the most promising of these wells belong to a few operators.

BHI: US rig count falls under 1,000 for first time since 2009

Apr 10, 2015

After noticeably slowed declines over the previous 2 weeks, the US drilling rig count fell 40 units to 988 rigs working during the week ended Apr. 10, settling under 1,000 for the first time since Sept. 11, 2009, according to data from Baker Hughes Inc.

MARKET WATCH: Crude oil prices rebound on volatile New York, London markets

Apr 10, 2015

US light, sweet crude oil prices and Brent crude oil prices regained some strength Apr. 9 after both plunged by more than $3.50/bbl the previous day on a volatile market for the week while many traders anticipate a recovery for crude oil although the timing of the recovery is uncertain.

Partners curtail drilling at Manora development off Thailand

Apr 9, 2015

Development drilling in Manora oil field offshore Thailand has been curtailed with operator Mubadala Petroleum and joint-venture partner Tap Oil Ltd. deciding to postpone indefinitely the drilling of two production wells and one injection well.

PGC report: US gas resource base reaches a record 2,515 tcf

Apr 8, 2015

Unconventional natural gas production is proving to be more durable than many people expected, officials said as the Potential Gas Committee released its 2014 yearend report indicating that the US has a record 2,515 tcf technically recoverable gas resource base.

Cairn India seeks to triple gas production from RJ block

Apr 6, 2015

Cairn India Ltd. is seeking to triple natural gas production from the RJ block in Rajasthan by drilling a minimum of 42 wells in the next 3 years.

Western governors group releases 2014 greater sage grouse inventory

Apr 6, 2015

Western US governors released their 2014 Sage Grouse Inventory, which highlights conservation efforts by public, private, and nongovernment organizations during the past year to protect the bird’s 11-state habitat. Several Rocky Mountain oil and gas producers are actively involved.

GOM Revenue Sharing-2: GOMESA Phase II revenues impacted by several factors

Apr 6, 2015

The first phase of the 2006 Gulf of Mexico Energy Security Act (GOMESA) regulated revenue sharing in the gulf's 181 Area and 181 South Area.

Novel completions increase horizontal well production

Apr 6, 2015

Two novel completion techniques that solve the problems of acid fracturing in complex carbonate horizontal wells have been successfully implemented in China. Using them has enhanced production in the Tarim, Sichuan, Bohai Gulf, and Ordos basins.

BHI: US rig count decline slows; production increases

Apr 2, 2015

The US drilling rig count dropped 20 units—with just slightly more than half targeting oil—to settle at 1,028 rigs working during the shortened week ended Apr. 2, according to data from Baker Hughes Inc.

Strike extends Sea Lion play off Falklands

Apr 2, 2015

Premier Oil PLC will plug a discovery well on the Zebedee prospect after successfully testing a southward extension of its Sea Lion oil field under development north of the Falkland Islands.

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