Jennifer
Presley
E&P
E&P June Edition: From the Editors
Hear about featured stories in this issue of E&P straight from the editors. Play the video below.
Preserving Today’s Oil Wells for Tomorrow’s Production
Pickling as part of the shut-in process can help extend the shelf life of a well.
Patterson-UTI Looks to Future by Growing Technology Focus
Patterson-UTI is counting on its balance sheet to get it through tough times and its technology to push toward potential market share gains.
Colorado School of Mines Researchers Unveil Reservoir Characterization Study Results
Research from this year’s Colorado School of Mines’ Reservoir Characterization Program includes a field project in the Eagle Ford Shale conducted in Gonzales County, Texas.
The Latest
Rig Counts
US, Canadian Rig Counts Fall to Record Low
The U.S. oil and gas rig count, an early indicator of future output, fell by 17 to an all-time low of 301 in the week to May 29, according to data from energy services firm Baker Hughes Co. going back to 1940.
May 29, 2020
Highlights
Best of This Week’s Drilling Activity Highlights (May 29, 2020)
Exxon Mobil’s latest find offshore Guyana and three extended-reach, horizontal producers completed by Gulfport Energy from a Grady County pad in Oklahoma top this week’s drilling activity highlights from around the world.
May 29, 2020
Reservoir Evaluation
Aker BP Contracts Optime’s New Remote Tubing Hanger Technology
Aker BP will be the first user of the new technology Optime Subsea has developed that removes umbilical controlled tubing hanger operations, the company said on May 29.
May 29, 2020
Exploration & Production
OPEC Delivers Three-quarters of Record Oil Cut in May
On average, the 13-member OPEC pumped 24.77 million barrels per day (MMbbl/d) this month, the survey found, down 5.91 MMbbl/d from April’s revised figure.
May 29, 2020
Business
Total Needs to Cover $12 Billion Shortfall due to Crisis, CEO Says
Total had expected the oil price to be about $60 per barrel this year, but as the price is now about $30, it will leave the company with a much bigger shortfall, CEO Patrick Pouyanne said.
May 29, 2020
Rig Counts
Chart: Eastern Rig Count As Of May 29, 2020
Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia
May 29, 2020
Rig Counts
Chart: Gulf Coast Rig Count As Of May 29, 2020
Arkansas, Louisiana, Mississippi and Texas RRC Dist. 1, 2, 3, 4., 5, 6, inland, offshore
May 29, 2020
Rig Counts
Chart: Midcontinent, Permian Basin Rig Count As Of May 29, 2020
Kansas, Oklahoma, Texas Dist. 7B, 7C, 8, 8A, 9, 10
May 29, 2020
Rig Counts
Chart: Western Rig Count As of May 29, 2020
California, Colorado, Idaho, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah and Wyoming
May 29, 2020
Exploration & Production
ConocoPhillips Completes $1.39 Billion Sale of Northern Australian Business
ConocoPhillips had previously announced the sale of its Australia-West assets and operations to partner Santos in October 2019.
May 28, 2020