More Drilling Operations News

Chevron, BP, ConocoPhillips join to explore, appraise Gulf of Mexico leases

Jan 28, 2015

Chevron Corp. subsidiary Chevron USA Inc., BP PLC unit BP Exploration & Production Inc., and ConocoPhillips Co. have pledged to work together to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico. Chevron will operate the project.

Carrizo cuts drilling, completion spending by 35%

Jan 27, 2015

Carrizo Oil & Gas Inc., Houston, is cutting its drilling and completion capital expenditure plan for the year by 35% to $450-470 million, but expects to keep oil production roughly flat with last year’s fourth quarter.

EIA: Stable oil production outlook in Lower 48 despite near-term rig-count reduction

Jan 26, 2015

According to data from Baker Hughes Inc., between the weeks ended Oct. 31, 2014, and Jan. 23, 2015, the number of active onshore drilling rigs in the Lower 48 dropped 16%, reflecting the sharp decline in oil prices over the last quarter of 2014.

BHI: US rig count falls for 8th straight week, down 43 units

Jan 23, 2015

The US drilling rig count fell 43 units to settle at 1,633 rigs working during the week ended Jan. 23, Baker Hughes Inc. reported.

BHP to reduce US onshore rigs by 40% by July

Jan 21, 2015

Australia’s BHP Billiton will reduce its US onshore rig presence from 26 to 16 by July in response to lower oil prices.

EIA: Continued global oil stock build to keep pressure on oil prices

Jan 19, 2015

In its most recent monthly Short-Term Energy Outlook (STEO), the US Energy Information Administration reported it expects global oil inventories to continue to build in 2015, keeping downward pressure on oil prices.

BHI: US rig count plunges 74 units, hits lowest total since October 2010

Jan 16, 2015

The US drilling rig count plunged 74 units—all on land—to settle at 1,676 rigs working during the week ended Jan. 16, Baker Hughes Inc. reported. That’s the lowest total since the Oct. 29, 2010, rig count, which totaled 1,672.

BHI: US rig count plunges 61 units in last week

Jan 9, 2015

The US drilling rig count plunged 61 units—almost entirely land-based oil rigs—to settle at 1,750 rigs working during the week ended Jan. 9, Baker Hughes Inc. reported.

Barclays sees likely downside to North American E&P budgets

Jan 9, 2015

Global exploration and production spending is expected to decline at least 8.8% in 2015 vs. 2014, according to 225 companies surveyed in the Barclays E&P Spending Outlook. North American budgets, meanwhile, are expected to fall at least 14.1% with significant downside potential, Barclays said.

BHI: US rig count drops 109 units in last month

Jan 5, 2015

Again led by losses in Texas and California, the US drilling rig count dropped 29 units to settle at 1,811 units working during the week ended Jan. 2, Baker Hughes Inc. reported.

Pemex lets offshore jacket contract for Ayatsil-A platform

Jan 5, 2015

Mexico’s Petroleos Mexicanos (Pemex) has let a contract to McDermott International Inc. for installation of the offshore jacket, deck, and piles for the Ayatsil-A drilling platform in Ayatsil field in the Bay of Campeche.

BHI: US land drilling down 35 units in most recent rig count

Dec 29, 2014

The US drilling rig count dropped 35 units to settle at 1,840 units working during the week ended Dec. 26, pushed down entirely by losses on land, Baker Hughes Inc. reported.

BHI: North Dakota, Williston spur continued decline in US rig count

Dec 19, 2014

The US drilling rig count dropped 18 units to settle at 1,875 rigs working during the week ended Dec. 19, pushed down by losses in North Dakota and the Williston basin, Baker Hughes Inc. reported. That total, however, was trumped by the 40-unit drop in neighboring Canada.

Statoil lets contract to Schlumberger for Mariner field

Dec 19, 2014

Statoil ASA has awarded an integrated drilling and well services contract for the Mariner heavy oil field in the UK North Sea to Schlumberger Oilfield UK Plc.

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.

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