News
February 03, 2023
The conference focused on sharing details of the latest advances in subsurface diagnostics, proppant performance and modeling.
News
February 02, 2023
U.S. shale companies are set to post yet another strong set of earnings, off the back of robust oil and gas prices in the fourth quarter. But the biggest question for analysts and investors remains whether the industry’s bumper cash flow will tempt them to drill more.
News
February 02, 2023
The Japanese company is divesting all of its tight oil development and production activities to “optimize the INPEX Group’s global asset portfolio.”
Whitepaper

Drilling Innovations: Advances in technology for a new era in drilling

January 30, 2023
Abaco Drilling, Oil States, Parker Wellbore
News
January 30, 2023
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.
News
January 27, 2023
According to JSG, the company will drill at least one well every six months until the area is fully developed. JSG will drill its first horizontal completion in the Granite Wash formation in February 2023.
News
January 26, 2023
The focus of attention will be on operators’ production targets, with the global supply-demand balance still tight and with China’s recent lifting of coronavirus restrictions expected to boost consumption. Shale drillers have said supply-chain issues, labor shortages, rising costs and unhelpful federal policies are preventing them from revving up production.
News
January 24, 2023
Matador said Advance had an estimated production in the first quarter last year of 24,500 to 25,500 barrels of oil and natural gas equivalent per day. It also has about 18,500 net acres in the northern Delaware Basin, which is part of the larger Permian formation.
News
January 23, 2023
The lowest of three Frontier 1 sands was perforated with 65 ft. of perforations with no subsequent stimulation. Initial fluid recoveries were black heavy degraded oil, black emulsion, minor brown un-gasified light oil and water.
News
January 19, 2023
Decklar and Millenium restarted production from the Oza Oil Field at a total production rate of approximately 1,300 bopd.
News
January 18, 2023
WildFire Energy acquired approximately 377,000 net acres and approximately 1,350 wells in the Brazos Valley region of its Eagle Ford asset from Chesapeake Energy Corporation.
News
January 12, 2023
Public drillers added 18 rigs during the final three months of 2022, while their private rivals idled 11. Overall, the fleet of rigs operating in the contiguous U.S. expanded by three from the end of September to Dec. 31.
News
January 11, 2023
Catalyst Energy Services selected GDEP’s Thunder 5000, a quintuplex pump with an 11 in. stroke rated for 5,000 horsepower, to safely maximize flow at a slower operating speed in its patents-pending, eco-conscious frac solution, VortexPrimeÔ.
News
January 06, 2023
Labor shortages in the oilfield have been one of the biggest hurdles holding back production growth. The overall number of workers employed in U.S. oil and gas jobs totaled 136,100 in December, down 3.1% from last year’s peak in July.
News
January 04, 2023
With these transactions, ProFrac has expanded its geographic footprint to include the Rockies and Bakken, and increased its pressure pumping and manufacturing presence in the Northeast.
News
December 30, 2022
U.S. shale executives remain concerned about the outlook for rising costs going into 2023 as they continue to struggle with hiring and retaining workers, according to the Federal Reserve Bank of Dallas.
News
December 30, 2022
As the year comes to an end, World Oil looks back on all of our breaking news items. Record-breaking crude exports and billion-dollar oil projects are only some of the incredible feats the industry accomplished. Read our final collection of top news stories of 2022 here.
News
December 28, 2022
The assets acquired from Ensign Natural Resources span Live Oak, Bee, Karnes, and Dewitt Counties across the condensate, wet gas, and dry gas phase windows of the Eagle Ford.
News
December 27, 2022
If 2022 was big for international oil, it was astronomical for the domestic sector. From our coveted annual World Oil Awards to happenings in West Texas, news never stopped flowing. Read the top home-grown stories of 2022 here.
News
December 21, 2022
Carmo Energy, a subsidiary of Cobra IS, will oversee the maintenance of these facilities and of the work to upgrade them to technical and environmental standards. It will be remunerated through their exploitation.
News
December 20, 2022
ConocoPhillips had originally proposed drilling across five pads at the site in the northeast corner of the National Petroleum Reserve-Alaska. However, the Interior Department has advanced an alternative plan that would initially allow just three. Now some environmental activists are musing about an even smaller, two-site option.
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