Drilling ///

EIA: Horizontally drilled wells dominate U.S. tight formation production

Wells drilled horizontally into tight oil and shale gas formations continue to account for an increasing share of crude oil and natural gas production in the United States.

Aker BP completes drilling of wildcat, northeast of Gina Krog

Aker BP ASA, operator of production licence 814, has completed the drilling of wildcat well 15/6-15.

Permian oil explorers expand activity as drilling costs decline

Oil explorers deployed more rigs for the first time in four weeks as shrinking drilling costs outweighed concern about sliding crude prices.

Kimmeridge Energy, PDC continue board spat after losing majority vote

Kimmeridge Energy Management fell short in its efforts to revamp the board of PDC Energy Inc. with investors in the driller opting to reelect incumbent directors.

Saipem's S&P Global rating revised from negative

Saipem announces that S&P Global Ratings has published a research update affirming its “BB+” rating for the long term corporate credit rating, revising the outlook to stable from negative, and for senior unsecured facilities, including a $1.116 billion (€ 1 billion) revolving credit facility and four bond issues of $558.27 (€ 500 million) each executed under its Euro EMTN Programme.

Matrrix sells directional drilling assets, focuses on drilling rig division

Matrrix Energy Technologies Inc. is pleased to announce that it has sold all of the assets related to its directional drilling division for approximately $1.5 million cash to a private directional drilling provider.

Mongolian explorer Petro Matad reports operations update

Petro Matad Limited, the AIM-quoted Mongolian oil explorer, is pleased to provide an update on preparations for the 2019 drilling campaign in Block XX and PSC extension applications for Blocks IV and V.

Chairman Craddick applauds legislature for prioritizing railroad commission funding

Railroad Commission Chairman Christi Craddick has thanked the 86th Texas Legislature for prioritizing the important role the Railroad Commission of Texas (RRC) plays in keeping the state's citizens and natural resources safe.

ADES reports strong 2019 start, in line with expectations

ADES International Holding PLC., an oil & gas drilling and production services provider in the Middle East and North Africa (MENA), updates the market on its operational performance over first-quarter 2019 and on recent positive developments. The financial information included below is unaudited.

Schlumberger, Halliburton took a bit of a hit as shale patch tightens belt

Schlumberger Ltd. had its debt rating lowered by S&P Global Inc. as belt-tightening in the U.S. shale patch translates into less drilling and fracing work for the world’s top oilfield services provider.

Supermajors lead the way in high impact exploration

The largest oil companies are playing an increasingly important role in high impact exploration but performance was down in 2018, limited by a lack of depth in the quality of global drilling opportunities, according to experts at research consultancy, Westwood Global Energy Group.

MOL Norge AS completes drilling of wildcat southwest of Trym field

MOL Norge AS, operator of production licence 539, is in the process of completing the drilling of wildcat well 3/7-11 S.

Canada’s first Tier 4 final service rig

Built by CARE Industries, Canada’s first Tier 4 final-certified service rig was recently delivered to Compass Well Servicing in Red Deer.

Italian political faction seeks to end ban on offshore exploration

Matteo Salvini’s League is seeking to overturn a temporary ban on exploration drilling off sections of Italy’s coast.

GEODynamics adds manufacturing, electro-mechanical V.P.'s

GEODynamics, the global technology and manufacturing leader in perforating, downhole completion, intervention, and wireline-conveyed solutions, has added two new V.P.'s to its leadership team. John Berner is the new V.P. of manufacturing and Brian Hurst is the new V.P. of electro-mechanical.

South Africa searches for partners for South Sudan oil block

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1-billion agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.

Houston American Energy announces initiation of fracing operations in Yoakum County

The Frost #1H well is located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas, and targets the exploration component of the San Andres Formation.

Fast-track offshore trial proves new cost-reducing P&A technology, an Equinor field trial

A new cost-reducing, first of its kind well abandonment tool developed by Aberdeen-headquartered Deep Casing Tools has gone from concept to offshore trial with Equinor in just nine months.

Texas drilling permits and completions statistics for April 2019

The Railroad Commission of Texas (Commission) issued a total of 909 original drilling permits in April 2019 compared 1,221 in April 2018.

Gyrodata shares three ways Gyro Surveying tools contribute to greater operational efficiency

Commonly called gyros, gyroscopes are very cool and have special properties that make them invaluable for many things including their use in downhole oil and gas applications.