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IADD News

U.S. Rig Count is down 43 rigs from last week to 1267, with oil rigs down 33 to 986, gas rigs down 9 to 280, and miscellaneous rigs down 1 to 1.

U.S. Rig Count is down 502 rigs from last year at 1769, with oil rigs down 444, gas rigs down 55, and miscellaneous rigs down 3.
 

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 This is a 5 day course for personnel involved in wellbore positioning to learn about the latest techniques and tools including high accuracy drilling techniqus such as sag, multi station analysis and IFR. The course will cover error modelling, collision avoidance, relief well drilling and ranging.

The course will be presented by Prof Angus Jamieson of the University of the Highlands and Islands, a well know consultant in directional drilling and surveying and former chairman of the ISCWSA committee. Angus was the main author of the e-book, ‘Introduction to Borehole Surveying’ which can be downloaded free from the ISCWSA.net website.  
 

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U.S. Rig Count is down 48 rigs from last week to 1310, with oil rigs down 37 to 1019, gas rigs down 11 to 289, and miscellaneous rigs unchanged at 2.

U.S. Rig Count is down 461 rigs from last year at 1771, with oil rigs down 406, gas rigs down 53, and miscellaneous rigs down 2. 

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Only the US, Canada, China and Argentina are at a stage to commercially produce gas from shale formations or oil from tight formations, according to the US Energy Information Agency.


Only the US produces both oil and gas on a significant scale, with only Canada, albeit on a much smaller scale, producing both.


China currently is producing minor volumes of shale gas with Argentina at present producing small volumes of tight oil, although fracking has been used in Australia and Russia. 

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BISMARCK, N.D. — The number of barrels of oil produced per day in North Dakota set a record in December, but the tally of rigs in the oil patch has dropped precipitously since then, state regulators said Friday.

The state’s Mineral Resources Department estimated December production at slightly more than 38 million barrels, or about 1.23 million barrels per day. That broke the November record of 1.19 million barrels per day. 

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The U.S. drilling frenzy is over. What’s not is the boom in oil production.

While companies have idled 151 rigs in five shale formations since reaching a peak of 1,157 in October, they’ll need to park another 200 for growth to stall, according to data from the U.S. Energy Information Administration. Output there will reach a record 5.468 million barrels a day in March even though the number of rigs exploring for oil is the lowest since 2013. 

By Bloomberg

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U.S. Rig Count is down 98 rigs from last week to 1358, with oil rigs down 84 to 1056, gas rigs down 14 to 300, and miscellaneous rigs unchanged at 2.
 

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(Reuters) - Oil hit its highest level for the year on Friday with Brent crude rising above $60 a barrel, as euro zone economic growth exceeded expectations and market bulls priced in another drop in the U.S. oil rig count.

BY BARANI KRISHNAN
NEW YORK Fri Feb 13, 2015 3:11pm EST

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We would like to personally invite you to the IADD (International Association of Directional Drilling) Permian Basin Membership Drive Social with Guest Speaker David Hudspeth, Drilling Manager, Energen Resources Corporation addressing the positive effects of a downturn in the Permian Basin.  

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U.S. Rig Count is down 87 rigs from last week to 1456, with oil rigs down 83 to 1140, gas rigs down 5 to 314, and miscellaneous rigs up 1 to 2.

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