February 2013
News & Resources
Industry at a glance
Industry at a glance
Vol. 234 No. 2
Crude oil prices trended upwards as 2012 came to a close, and cold temperatures stimulated demand. West Texas Intermediate climbed into the mid-$90 range, while Brent Blend crossed the $110 threshold. Oil production outside of OPEC rose to over 54 million bpd, while OPEC output sagged to its lowest level of the year, 30.65 million bpd, with Saudi Arabia and Iraq leading the way. The U.S. rotary rig count fell to under 1,800 rigs running, though it should be pointed out that the drop is not necessarily reflective of decreased activity, but rather the increased tendency towards longer lateral drilling. Worldwide, the rig count held steady at over 1,600.
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- Applying ultra-deep LWD resistivity technology successfully in a SAGD operation (May 2019)
- Adoption of wireless intelligent completions advances (May 2019)
- Majors double down as takeaway crunch eases (April 2019)
- What’s new in well logging and formation evaluation (April 2019)
- Qualification of a 20,000-psi subsea BOP: A collaborative approach (February 2019)
- ConocoPhillips’ Greg Leveille sees rapid trajectory of technical advancement continuing (February 2019)
