Precision Drilling says that on Monday, it expects to finalize a partial redemption of US$50 million of is 6.5 per cent senior notes which were to come due in 2021. Company photo. Precision Drilling also [Read more]
As rig counts recover from decreases during 2015 and 2016, producers have increasingly targeted Permian Basin in West Texas US tight crude oil production increased in 2017, accounting for 54% of total U.S. crude oil [Read more]
Montney wells drilled in 2016 each expected to produce a total of 7.2 Bcf of gas, 4 times the 2005 value Two things determine how much oil or gas a well will produce: the quality of the [Read more]
Drilling rig count in state increased, averaging 20 rigs in 2016 and 33 in 2017 Pennsylvania’s marketed natural gas production averaged a record 15 billion cubic feet per day (Bcf/d) in 2017, 3% higher than the [Read more]
Crescent Point Energy now has over 355,000 acres in the Duvernay Shale Basin play Crescent Point Energy Corp. announced that it bought 355,000 net acres in the Alberta East Shale Duvernay light oil resource play, [Read more]
PSAC estimates 3,807 wells to be drilled in Alberta, down from 3,998 wells in original forecast The Petroleum Services Association of Canada (PSAC) has revised its forecasted number of wells drilled (rig released) across Canada [Read more]
As of 2016, 670,000 of 977,000 producing wells in the United States were hydraulic fractured and horizontally drilled In 2016, hydraulically fractured horizontal wells accounted for 69 per cent of all oil and natural gas [Read more]
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