January 2013
News & Resources
Industry at a glance
Industry at a glance
Vol. 234 No. 1
Crude oil prices extended their downward trend in November, as fears of a worldwide economic slump offset political instability in the Middle East. The price of a barrel of West Texas Intermediate dropped into the mid-$80 range, while Brent Blend remained more stable at around $109/bbl. Production outside the OPEC countries recovered from a seasonal slump, while crude in the U.S. approached 6.8 million bpd, led by substantial increases in Texas and the Bakken shale of North Dakota. Natural gas prices continued to recover in November, exceeding $3.50/Mcf on the Henry Hub. U.S. rotary rigs running dropped once again, to average just above 1,800 units.
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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)