PLSX
Login      
Corporate Sponsors

 

 

 
 
 
 
 
 

 

 

 

 
 
 
 
 
 

 

 

 

 

 

   
Anti-Stall
Vertical Banner

 

 



 

FIDD MarchStaying Ahead of the CurveOilman Hill Country
IADD News

 HOUSTON – The CEO of U.S. natural gas producer Magnum Hunter Resources Corp. told investors Friday the company won’t spend any more money on drilling or hydraulic fracturing until oil-field service costs come down.

We’re shooting for 40 percent discounts,” Magnum Hunter CEO Gary Evans said in a conference call with investors. “It will take time. Oil field services have got to feel the pain. I’m not going to spend $2 today for something I could spend $1 on six months from now.”

Read More »

U.S. Rig Count is down 43 rigs from last week to 1633, with oil rigs down 49 to 1317, gas rigs up 6 to 316, and miscellaneous rigs unchanged at 0. 

Read More »

 Moblize is looking to expand its' sales team by adding a Sales Manager for USA Land.

Read More »

HOUSTON – Crude oil’s collapse is putting heat on Schlumberger’s prices for drilling services and hydraulic fracturing in North America, but there’s an upside for the company: As oil falls, shale producers now want better technologies to squeeze more oil out of the wells they’ve already drilled. 

Read More »

2014 was another year of “boom” for US shale, with production continuing to increase to a point where the value of the oil market was slashed by around 50% in the space of six months.
Shale has provided economic output, jobs and local wealth across the US and, whilst it is not without concerns or controversy, almost every country with significant discovered shale reserves has looked to “replicate the US ‘shale boom’”.

Read More »

U.S. Rig Count is down 74 rigs from last week to 1676, with oil rigs down 55 to 1366, gas rigs down 19 to 310, and miscellaneous rigs unchanged at 0. 

Read More »

If there ever was doubt about the strategy of the Organization of Petroleum Exporting Countries, its wealthiest members are putting that issue to rest.

Representatives of Saudi Arabia, the United Arab Emirates and Kuwait stressed a dozen times in the past six weeks that the group won’t curb output to halt the biggest drop in crude since 2008. Qatar’s estimate for the global oversupply is among the biggest of any producing country. These countries actually want — and are achieving — further price declines as part of an attempt to hasten cutbacks by U.S. shale drillers, according to Barclays Plc and Commerzbank AG. 

Read More »

U.S. Rig Count is down 61 rigs from last week to 1750, with oil rigs down 61 to 1421, gas rigs up 1 to 329, and miscellaneous rigs down 1 at 0.
 

Read More »

The US Department for Commerce has made steps towards relaxing the regulation on the export of oil, as it clarified restrictions of lightly processed oils and approved 20 requests for exportation of ultra-light oils.


The department has issued its first formal guidelines and definitions as to what exactly constitutes exportable crude oil, including clarifying the degree of distillation required.

Read More »

U.S. Rig Count is down 29 rigs from last week to 1811, with oil rigs down 17 to 1482, gas rigs down 12 to 328, and miscellaneous rigs unchanged at 1. 

Read More »

   

 

Home | About Us | Board of Directors | News | Events | Members Directory | Membership | Local Chapters | Presentations | Directional Drilling Training | Contact Us
   International Association of Directional Drilling  |  Terms Of Use  |  Privacy Statement  |  Visit IntegraLogics