A survey of 30 economists and analysts forecast Brent crude would average $89.37 a barrel in 2023, about 4.6 per cent lower than the $93.65 consensus in a November survey
U.S. Rig Count Sees Small Increase In Thanksgiving Week
The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Wednesday instead of Friday this week due to the Thanksgiving holiday.
U.S. Rig Count Sees Highest Weekly Gain Since July
The number of total active drilling rigs in the United States rose by 9 this week, according to new data from Baker Hughes published on Friday. It is the largest single-week increase since the end of July.
A global oil shortage and high fuel prices has triggered calls from President Joe Biden’s administration for U.S. shale producers to spend more of their profits to boost output.
Shale Refracs: Next Big Thing, or a Piece of the Big Puzzle?
Recent studies have reignited the question of whether US oil and gas companies are ignoring the opportunity to refracture large swaths of maturing assets.
With frac crews and equipment tight, is smooth sailing still an option for upstream oil in 2023?
The pace of drilling and well completions activity in US oil and gas fields has slowed in late 2022 from the ramp up seen earlier in the year as premium equipment and crews to run it have become increasingly tight.
Repeated downward revisions to EIA forecasts of US oil production have halved the expected rate of growth in the shale patch since the middle of this year.
U.S. oil service firms' results to show impact of demand, inflation
Oct 18 (Reuters) - Oilfield service firms are poised to deliver the strongest third quarter results in years as demand for equipment and services has risen despite supply chain snags and higher costs from inflation, according to analyst forecasts.
Following the strategic decision of OPEC+ to curb oil production from November to ensure market stability, the reaction from politicians in the United States seems to be blown out of proportion, analysts observed.
Expanding the U.S. Natural Gas, Oil Security Conversation – Listen Now to NGI’s Hub & Flow
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Expanding the U.S. Natural Gas, Oil Security Conversation – Listen Now to NGI’s Hub & Flow
By NGI Staff Reports
September 29, 2022
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Click here to listen to the latest episode of NGI’s Hub & Flow, which discusses refracturing existing natural gas and oil wells as a means of advancing U.S. energy security and easing price volatility.
NGI Podcast
In the podcast, NGI Associate Editor Matthew Veazey talks with Houston-based CEO Matt Johnson of Primary Vision about how the U.S. energy industry can raise domestic natural gas and oil production while bypassing the extra cost and controversy associated with hydraulic fracturing.
Shale Refracs: Next Big Thing, or a Piece of the Big Puzzle?
Recent studies have reignited the question of whether US oil and gas companies are ignoring the opportunity to refracture large swaths of maturing assets.