Exploration & Production - News

Highlands Natural Resources Drills, Cases Two Wells In Niobrara

London-based Highlands Natural Resources has successfully drilled and set surface casing in two east Denver Niobrara wells, the company said on Aug. 18.

August 21, 2017

Sacgasco Confirms Four Gas Zones In Sacramento Basin Well

Sacgasco Ltd., a Sacramento Basin-focused natural gas developer and producer, said that the field appraisal drilling component of the company’s Dempsey 1-15 well in California has been successfully completed on Aug.21.

August 21, 2017

Oil Minister: Foreign Funds For Iran's Oil Sector A Top Priority

Attracting foreign investment for Iran’s oil sector will continue to be a top priority during President Hassan Rouhani’s second term, Iranian Oil Minister Bijan Zanganeh said on Aug. 20.

August 21, 2017

US Drillers Cut Oil Rigs For Second Straight Week

Drillers cut five oil rigs this week, bringing the total count down to 763, Baker Hughes, a GE company (NYSE: BHGE), said in its report on Aug. 18.

August 18, 2017

Pullback In US Fracking Sand Use Pressures Producers

Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The worries have pressured shares of sand companies.

August 16, 2017

North Dakota Oil Production Slips About 1% In June

Even as the rig count climbs, which has been steadily rising in the Bakken, North Dakota's oil industry has been fracking fewer wells due to a labor shortage.

August 14, 2017

US Shale Output Poised To Keep Rising Despite Investor Concerns

Shale production in the largest U.S. oil field should rise by as much as 300,000 bbl/d by December, according to updated forecasts following the industry’s latest quarterly results.

August 11, 2017

OPEC Holds Second Day Of Compliance Talks

A statement on the compliance-boosting effort is being drafted and will probably be issued after the meeting concludes on Aug. 8, two sources said.

August 8, 2017

Oil Prices Steady As Saudi Cuts September Supplies

Benchmark Brent crude was unchanged at $52.37 a barrel by 1215 GMT. U.S. light crude was 5 cents higher at $49.44.

August 8, 2017

Oil Slides From 9-week Highs As Market Looks To OPEC

Doubts have since swirled around the effectiveness of the cuts, as OPEC output hit a 2017 high in July and its exports hit a record.

August 7, 2017

Oil Sands Pioneer, Former Suncor CEO Dies

Rick George, who served as CEO of Suncor Energy Inc. from 1991 to 2012, died on Aug. 2 after a year-and-a-half long battle against acute myeloid leukemia. He was 67.

August 3, 2017

Russia Sticks To Global Oil Deal, Holds July Output Flat

Russia's oil output stood at 10.95 million barrels per day  in July, unchanged for a third month and in line with its pledge to curb production in an effort to support the price of crude oil.

August 2, 2017