Exploration & Production

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Long-Term Outlook For The Utica

Mon, 05/18/2015 - 08:00

The Utica Shale is a work in progress, said Benjamin W. Hulburt, chairman, president and CEO of Eclipse Resources. The company has been in the Utica since the very beginning of its operations. "We started leasing in the core part of the play very early on and were one of the first drillers in it." In the last 12 months, Eclipse lowered its well costs by about 25%. The company still uses roughly-6,000-foot laterals in the Utica, which allows dry gas, condensate and liquids-rich drilling.

Rig Count


Oilfield Service Deals Stagnate For Want Of Buyers

Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.

Wed, 05/20/2015 - 09:58

EnerVest CEO: $30 WTI Not Out Of The Question

Oil exports are needed, but improbable, as U.S. oil supply builds. Near the end of March, storage at Cushing, Okla., had grown to 58.9 million barrels, about 80% of capacity.

Wed, 04/08/2015 - 16:22

Cushing Storage Capacity Is Being Tested

U.S. crude oil in storage grew by 8.4 million barrels—twice as much as commodity analysts expected—to 1.125 billion barrels for the week ending Feb. 20, according to the EIA’s weekly report Wednesday. Of that, 434 million was in non-SPR storage, up from 363 million a year ago.

Tue, 03/03/2015 - 10:27

Sanchez, Halcón Latest E&Ps To Tamp Down Capex

Halcón’s budget will fall 60% from 2014 levels while Sanchez reduces rigs.

Fri, 01/09/2015 - 11:27