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Continued Growth Predicted for U. S. Shale Plays
According to “Rigzone”, the “Well IQ Market Outlook” (published by PacWest Consulting Partners) foresees robust activity for drilling and completion contractors into 2016. Of the basins with significant horizontal drilling activity, major growth is predicted for the Permian in West Texas (22%), and the DJ Basin in Colorado and Wyoming (19%). The Anadarko Woodford/SCOOP (South… Read More
Feds to Resume CA Leasing
“Rigzone” reports that in 2013 environment groups contended that the U. S. Bureau of Land Management (BLM) had not adequately studied the environmental impacts of fracking and other well stimulation techniques being used in the Monterey shale. A federal judge agreed and the state-created California Council on Science and Technology was commissioned to further study… Read More
Texas Railroad Commission Proposes Disposal Well Rules Change
Apparently as a result of the recent seismic event in the Azle, TX, area, the Texas Railroad Commission (TRRC) has proposed rule changes for operating disposal wells for frack waste water, according to a recent article in “Rigzone”. The proposed changes would give the TRRC authority to: -Require applicants for new disposal wells to search… Read More
U. S. to Remain a Dominant Player
Phjani Gadde with the consulting group Wood Mackenzie addressed the recent North American Prospect Expo in Houston. According to a recent article in “Rigzone”, Phjani stated that global upstream spending is, and will continue to be, dominated by North America in general, and the U. S. in particular. With global outlays projected at about $625… Read More
Statoil Chooses Profit over Production
Norwegian oil company Statoil had virtually no U. S. production in 2010 according to a recent article in “Rigzone”. However, now about 10% of its worldwide output is from shale projects here. Most recently, production was around 210,000 barrels of oil equivalent per day (boepd), primarily from the Bakken (North Dakota), Eagle Ford (South Texas)… Read More
