http://www.worldoil.com WorldOil nanoActiv treatment preserves wells during shut-in periods https://www.worldoil.com/news/2020/5/28/nanoactiv-treatment-preserves-wells-during-shut-in-periods Treating a well with nanoActiv can alter the wettability of the rock surface, providing a preferential coating of nanoparticles which may help prevent asphaltene, condensate, and/or paraffin deposition. Precision Drilling CEO sees shale’s recovery a year away, at best https://www.worldoil.com/news/2020/5/28/precision-drilling-ceo-sees-shale-s-recovery-a-year-away-at-best Even if the economy continues to recover and a second wave of the pandemic is less damaging than the first, U.S. shale drillers may still take at least a year before moving rigs back into the field, according to the leader of an oilfield-services company. Epiroc introduces DH350 ultra-mobile drilling rig https://www.worldoil.com/news/2020/5/27/epiroc-introduces-dh350-ultra-mobile-drilling-rig “The DH350 combines the mobility of carrier drive rigs with the power density of conventional skidded systems to produce one of the most agile and capable drilling rigs in the marketplace today,” said Cole Carpenter, product manager at Epiroc Drilling Solutions. Swift production declines may keep shale operators on oil rebound’s sidelines https://www.worldoil.com/news/2020/5/22/swift-production-declines-may-keep-shale-operators-on-oil-rebound-s-sidelines Less than 20% of this year’s expected drop in overall U.S. crude output will come from shuttering existing wells, according to IHS Markit. Rather, the vast majority of the supply drop will be the direct result of canceled drilling projects. Distressed oil drillers find major analysts dropping stock guidance https://www.worldoil.com/news/2020/5/22/distressed-oil-drillers-find-major-analysts-dropping-stock-guidance The smallest shale oil drillers have endured their fair share of pain in this spring’s energy collapse and, with ailing stock prices, analysts are finding it even tougher to cover the group. Shale rout drives working rigs to lowest count since 2009 https://www.worldoil.com/news/2020/5/22/shale-rout-drives-working-rigs-to-lowest-count-since-2009 Shale explorers extended their retreat into a 10th week, dropping the number of oil rigs at work in the U.S. to the lowest since 2009 as some struggle to stay afloat. High premiums, price swings driving decline in shale hedges https://www.worldoil.com/news/2020/5/21/high-premiums-price-swings-driving-decline-in-shale-hedges After oil’s crash below zero, explorers face hefty premiums for the financial instruments they rely upon to insure against price swings. Meanwhile, they’re also unwilling to lock in future supply with forward prices for crude remaining lackluster. Daily Brief Podcast: Simon Watkins on Saudi moves, Shale 3.0, and recovering demand https://www.worldoil.com/news/2020/5/19/daily-brief-podcast-simon-watkins-on-saudi-moves-shale-30-and-recovering-demand The real result of Saudi Arabia's production cuts, how recovering global markets impact large and small shale players differently, and what that means for the future of the industry. Permian leads U.S. shale decline as output reaches 2018 low https://www.worldoil.com/news/2020/5/19/permian-leads-us-shale-decline-as-output-reaches-2018-low Overall production is seen falling by 197,000 barrels a day next month to 7.822 MMbbl, which would be the lowest since late 2018. The expected decline would have been even more dramatic if not for a downward revision to May’s output estimate in the order of half a million barrels a day. Daily Brief podcast: How higher oil prices can threaten a recovering market https://www.worldoil.com/news/2020/5/18/daily-brief-podcast-how-higher-oil-prices-can-threaten-a-recovering-market Oil reaches its highest price since March, which could lead to a new production imbalance in U.S. shale, and Oxy is left holding the bag on a major asset sale.