Deroy Murdock: We should be drilling for oil in the USKnox News
U.S. oil futures were down about 6% so far this year after gaining about 7% in 2022. U.S. gas futures, meanwhile, have plunged about 35% so far this year after rising about 20% last year. Even as lower prices prompt some producers to cut back on new drilling, oil and gas o...
The number of active drilling rigs targeting oil in the US fell as the calendar flipped into the new year,according to data from oil-field services provider Baker Hughes.However,the losses were confined to more marginal areas,while major oil plays largely held their ground or registered small ...
The number of rigs drilling for oil in the U.S. fell 49 to 1,317, about 100 less than a year earlier, according to Baker Hughes data released on Friday. Last week, oil rig counts saw their second-sharpest weekly drop in 24 years, according to Reuters. Last week, Pickens hosted alive...
But withoil pricesstill up about 17% so far this year after soaring 55% in 2021 - and pressure from the government to produce more - several energy firms have said they plan to boost spending for a second year in a row in 2022 after cutting drilling and completion expenditures in 2019 ...
U.S. oil futures were up about 7.1% so far in 2024 after dropping by 11% in 2023, while U.S. gas futures were down about 14% so far in 2024 after plunging by 44% in 2023. U.S. shale firms continue to grow production using fewer rigs by focusing on improved drilling and frac...
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count fell by 1to 584 this week, compared to 675 rigs this same time last year....
Workers make a pipe connection on the drill string on the Orion Perseus drilling rig that is currently drilling for oil and gas in the Eagle Ford Shale, Webb County, Texas. Eddie Seal | Bloomberg | Getty Images When Wolfgang Eder and his team started looking around for a site for a new...
Surging U.S. production is being driven by booming output from America’s shale fields, where drillers use advanced drilling methods to squeeze oil and gas from shale rock formations. Texas, the biggest shale oil producing state, has seen its production jump by 780,000 barrels a day o...
technology and mathematical models, developed first for deep offshore drilling, to see into the rock better. As they drill, they use imaging technology to find natural cracks in the rock that they can then use as a target when they fracture the rock, to leverage natural highways for oil ...