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Tag Archives: oil production

Oil still drives development in Watford City

Even with the price of oil hovering around its 52-week lows, development in the Watford City, ND micropolitan area continues unabated. The vast majority of oil and gas produced in North Dakota’s Bakken Shale play is concentrated in four counties: Dunn, Mountrail, Williams and McKenzie counties. Seeking to maximize operational efficiency, the industry’s regional offices are tending to aggregate in, ...

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Magnets: the future of scale and paraffin reduction and prevention

“I was skeptical,” says Allen Lucas, the Production Foreman for Prime Operating based in Regan County, Texas, when he first heard about using magnets to treat scale and paraffin, the most common issues in producing wells. He’s not the only one. Leo Cavness, Operations Foreman with Traditions Resource Operating, LLC based in Texas, shared his own sentiments. “You’re always skeptical ...

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With little drilling, Wyoming oil surge not expected to last

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CHEYENNE, Wyo. — Wyoming’s oil industry saw an odd divergence last summer: Oil production soared to a 23-year high while drilling for new oil fell to a 16-year low. Experts say the trend can’t last. They say with little new drilling, it’s just a matter of time before oil production follows suit and declines, too. And they warn Wyoming’s economy ...

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OPEC sees oil prices returning to $80/barrel by 2020

OPEC forecasters expect oil prices will rise by no more than $5 a barrel a year to reach $80 by 2020, with a slowing in rival non-OPEC production growth not enough to absorb the current oil glut, according to OPEC sources. The sources said the figures came from an updated mid-term strategy report discussed this week by representatives from the ...

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Palin wants to be Trump’s Energy Secretary… but doesn’t know what the job actually is

GOP maverick Donald Trump recently stated that he would love to host former Alaska governor Sarah Palin in his administration if he were elected. Palin, who is a supporter of what Trump is doing for the Republican party, responded by claiming there’s one position in particular she’d love to lead: the Department of Energy. “Energy is my baby,” Palin stated ...

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Oil prices dip, stock market rally stems losses

LONDON – Crude oil prices slipped on Wednesday amid a persistent oversupply of physical oil, but stock market gains globally helped to stem the losses. European shares rose in early trade, buoyed by an 8 percent jump in Japanese stocks and the prospect of more stimulus from Chinam soothing investors rattled by recent market turmoil. Yet concerns remained over the ...

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Questions and answers about damaging oilfield wastewater

As U.S. oil and gas production increased this past decade, so, too, did spills of salty oilfield wastewater that can foul the land, kill wildlife and threaten freshwater supplies. An Associated Press analysis of 11 states found more than 180 million gallons of wastewater spilled from 2009 to 2014. Questions and answers about this damaging byproduct of energy production: WHAT ...

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Fracking boom on UT’s West Texas lands linked to spills, air pollution

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The hydraulic fracturing boom on University of Texas System lands in West Texas has polluted soil, groundwater and air, according to a report to be released Tuesday by an environmental group and a think tank. At least 1.6 million gallons of oil, saltwater and other pollutants have spilled from wells and associated equipment on UT System-owned land since 2008, said ...

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