October 2012
News & Resources
Industry at a glance
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Vol. 233 No. 10
Rotary rigs running in the U.S. continued a slow slide in August, dropping down near 1,900 rigs and actually falling below year-ago levels. Worldwide, the rig count rose modestly, buoyed predominantly by increases in Canada. Crude oil prices extended their gains, with West Texas Intermediate finishing the month at just below $100/bbl. Demand jumped by some 1.2 million bopd, spurred largely by Japanese utilities, which were making up for lost nuclear capacity. Production was down in the U.S., most notably in Alaska and Texas, where declines offset healthy increases in North Dakota and Louisiana. Natural gas prices continued to recover somewhat.
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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)
