U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.
“I do think we are going to be able to acquire assets and we are going to be able to come out of this a lot stronger,” Northern Oil and Gas CEO Nick O’Grady says.
The following is a sampling of companies in the oil and gas industry stepping up during this COVID-19 pandemic to help make a difference, including BP, Chevron, Petrobras and more.
FTS International Inc. said March 23 that it is taking several actions in response to unprecedented conditions in the oil market.
The Environmental Defense Fund has teamed up with industry experts and scholars to launch a methane-detecting satellite within two years, aiming to cut 45% of emissions from oil and gas facilities by 2025.
Joe Mills, president and CEO of Samson Resources II, spoke with Hart Energy on why his company chose to go all-in in the Powder River Basin and what Samson learned in other shale plays like the Haynesville.