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Tag Archives: oil wells

U.S. oil ‘strippers’ maneuver to keep pumping amid crude slump

HOUSTON – U.S. “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production cuts needed to rebalance the domestic oil market. The conventional wisdom is that “strippers” would be the first to fold in the face of oil’s slide below $40 given ...

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Injection wells spur concerns in Athens County

COOLVILLE, Ohio — Five months ago, Felicia Mettler had never heard the term injection well. She didn’t know what one was or what it held. She didn’t know what an injection well looked like. She lives with her husband and children in a wood-frame house in a rural part of Athens County near the Hocking River, and she relishes the ...

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Uncertain outlook as North Dakota tops 10,000 shale oil wells

North Dakota surpassed a milestone in June — its 10,000th shale oil well — amid a still-gloomy outlook for its petroleum industry. The industry, facing continued low crude oil prices, is finishing off previously drilled wells to get oil and some revenue flowing and to meet regulated completion timetables, state officials said Friday. But the number of rigs drilling new ...

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America’s fracklog could be the next bump after the bust

America has strolled into 2015 claiming the title of the world’s top producer of petroleum and natural gas hydrocarbons. But thanks to low oil prices, holes are drilled but uncompleted, and according to a new analysis, America’s fracklog has skyrocketed. A recent Bloomberg Intelligence analysis found that the number of wells waiting to be hydraulically fractured, known as the fracklog, ...

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AEP produces the best and is selling, what?

American Energy Partners LP’s (AEP) natural gas game may not be the best, but in Ohio its oil wells are top notch. Three of AEP’s wells in Ohio are performing undoubtedly well. The wells are located on the Shugert Daddy pad in Guernsey County and each produced over 51,000 barrels during the last three months of 2014. One of the ...

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Texas spends $14.3 million to plug and decontaminate 428 orphaned oil wells

John Deede | Shale Plays Media Google+ The Texas Railroad Commission, which regulates the state oil and gas industry, has tapped into the Oil Field Clean Up Fund to cover the cost of plugging abandoned wells and cleaning up the environment in affected areas. Sanford Nowlin from the San Antonio Business Journal reports: The Texas Railroad Commission has spent $14.3 million plugging ...

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Anadarko Petroleum oil well count surpasses 1,000

By John Deede, Shale Plays Media | Google+  Anadarko Petroleum is averaging one oil well completed per day in the Eagle Ford shale. Company executive VP of U.S. onshore exploration and production says that with 10 drilling rigs in operation, the company plans to complete 400 wells this year. Jennifer Hiller from the San Antonio Express-News reports: Anadarko is drilling fast. Really ...

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Flooding affects oil wells near confluence of Yellowstone, Missouri rivers

flooding

By Amy Dalrymple WILLISTON – State officials are monitoring oil wells that are being affected by flooding near the confluence of the Yellowstone and Missouri rivers, the North Dakota Department of Health said. The flooding is a result of ice jams downstream from the well sites. Water levels are expected to continue to rise. The Department of Mineral Resources Oil and ...

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