Industry at a glance
Industry at a glance
Vol. 232 No. 8
The introduction of 60 million bbl of oil from strategic stocks (including 30 million bbl from the US Strategic Petroleum Reserve) along with increases in OPEC crude supply put a damper on prices in June, although they remain volatile. West Texas Intermediate prices continued to trend down, while Brent Blend and Arabian Light both leveled off and rose moderately. Gas prices remained flat. The US rotary rig count rose by another 30 rigs in June, led by traditional oil drilling in West Texas. The international rig count appeared to drop, but this is an artifact of reporting, since data from Iran and Sudan are no longer available due to the discontinuation of the M-I Swaco rig count.
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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)
