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Reducing Refrac Risk – A Strategy for Success in Uncertain Times

Bob Barba of Integrated Energy Services teaches students, mostly petroleum engineers, how to make wells more productive and save on their bottom line.

The World Bank has forecast crude oil prices around $55 per barrel in 2017. Yet there is considerable uncertainty around the outlook. Ongoing negotiations among OPEC producers, and China’s transition from a manufacturing to a service-based economy, will both affect an already volatile market.  So, which companies will be in the best position to not only survive—but thrive—during times of uncertainty? ...

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Texas adds 7 rigs; Dec. 2 rig count totals 597

baker hughes, rig count

U.S. oil producers, especially in shale plays across the region, are likely crossing their fingers that OPEC’s commitment to cutting production will help oil prices to inch higher—and stay there. In the meantime, rig counts have inched up slightly. As reported by Baker Hughes, the number of rigs exploring for oil and natural gas went up a total of four ...

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U.S. rig count declines by 1 to 568

oil rig, rig count,

Baker Hughes’ latest rig count report shows the number of rigs drilling for oil rose by two this week to 452. Rigs drilling for natural gas was down 2. The total rig count fell by one to 568, still higher than the May low of 404. Total offshore rigs are down 12 from last year at this time. States losing ...

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Protesters emerge from pipeline stored at construction site

pennsylvania pipeline gas explosion

VERPLANCK, N.Y. (AP) — Four protesters have emerged from an above-ground section of a steel natural gas pipeline that’s being built underneath the Hudson River after they climbed into it to protest a pipeline from Pennsylvania to New York. A protest group says Rebecca Berlin, Mackenzie Wilkins, Dave Publow and Janet Gonzalez entered a work site early Monday and entered ...

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US rig count up 2 this week to 524

rig count, Baker Hughes

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 524. A year ago, 795 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 428 rigs sought oil and 94 explored for natural gas ...

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Major work planned on leaky Wyoming gas pipeline

rusty pipes by PIxabay

CHEYENNE, Wyo. (AP) — A pipeline company plans to replace sections of a Wyoming natural gas pipeline that has had two leaks since August. The 16-inch-wide pipeline sprung a major leak 14 miles north of Douglas on Sept. 6. Authorities closed Wyoming Highway 59 for more than two hours while workers shut off the flow. The leaking gas didn’t ignite. ...

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Montana board to decide on fracking chemicals disclosures

fracking, bakken

BILLINGS, Mont. (AP) — Montana regulators are to consider a petition that would force companies to divulge more information about fracking chemicals they use to produce oil and gas. A 2011 state rule allows companies to conceal chemicals considered trade secrets. A group of landowners, environmentalists and health advocates oppose the trade secrets exception. They say it violates the public’s ...

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