New-generation downhole motor delivers increased horsepower, torque and durability to drill the curve and lateral in one run and drill extended-lateral sections.
Schlumberger outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.
To everything there is a season, and while others might find this a time to scatter stones, this disciplined and prepared E&P is busy gathering them. The principals of Lime Rock Resources talk strategy, A&D and practiced patience.
Schlumberger, Halliburton and Baker Hughes reportedly kicked off the new year by putting units up for sale, as the three largest names in oilfield services adjust to falling demand.
Wade Hutchings’ appointment as COO is in conjunction with the retirement of Ray Daniels, who has had a decades-long career in energy including 12 years at Enerplus.
STEP Energy Services (STEP) performed its first coiled tubing job in North Dakota earlier this month for an independent oil producer in the area, the company said on Jan. 16.
PDC now adds SRC Energy’s core area of operations in the Greater Wattenberg Field of the D-J Basin to its portfolio, which includes positions in the D-J and Permian basins.
U.S. oil output growth is expected to slow over the next five years, likely prompting oil majors to "gobble up" smaller shale oil producers, Mark Papa told Reuters.