Fracking created an oil and gas revolution in the United States. It’s why we have continued success in the shale plays, such as the Bakken, the Eagle Ford, the Permian Basin, and more.   But could the very thing that put US shale plays on the map cause a revolution in China? David Fickling is a Bloomberg Opinion columnist who ...

GTUIT®, LLC announced that the company has recovered more than one million barrels of natural gas liquids (NGLs) from oil producing wellsites that would have otherwise been combusted in a flare stack. GTUIT designed, built, and operated all the mobile associated natural gas processing units responsible for achieving the million barrel milestone. Brian Cebull, President and CEO, commented “We thank ...

The total U.S. rig count, according to last Friday’s numbers from Baker Hughes, showed an increase of 6 new rigs exploring for oil and gas, for a total of . The rig count showed a decline of two rigs offshore. The total indicated an increase of two rigs exploring for oil while the gas count went up by 4. Below ...

Continental Resources, Inc. recently announced its first-ever sale of Bakken oil specifically for delivery overseas. Continental Resources has sold 1,005,000 barrels of crude oil for November delivery to Atlantic Trading and Marketing (“ATMI”), which intends to export the oil to China. “This is a historic day for Continental and begins a new chapter in our long-term strategy to establish multiple ...

The Baker Hughes Rotary Rig Count from last Friday showed an overall increase of 8 rigs drilling, but no new rigs are exploring for oil. All eight rigs are looking for natural gas, in contrast to last week’s report that showed nine new rigs were exploring for oil. Baker Hughes reported a new total of 915, up from 907 total the ...

The Baker Hughes rotary rig count hasn’t produced many smiles as of late, with a drop in in the total U.S. rig count for the past few weeks. Last Friday, September 15, showed a total decrease of 8 rigs exploring for oil and gas, bringing the current overall count in the U.S. to 936. The decrease included a loss of ...

The Baker Hughes North America Rotary Rig Count dropped by 5 last week, with the largest overall dips in Texas. The Permian Basin lost 2 of its rigs, while the Eagle Ford lost 3. In total, Texas lost 7 rigs, while Louisiana lost 1. Interestingly, all the rigs lost were exploring for gas. The oil rig count actually increased by 3. ...

The Baker Hughes weekly rotary rig count showed an increase of 12 total rigs July 7 for a total of 952 rigs drilling for oil and gas in the United States. Of the 952, 763 rigs are drilling for oil, up 7 from last week, while 189 are drilling for gas, an increase of 5. By state, Alaska and Oklahoma ...

For the second week in a row, the Baker Hughes North American rotary rig count increase was led by areas outside of Texas. North Dakota’s Bakken oilfields saw an increase of three new rigs this week, while Oklahoma added five new rigs exploring for oil and gas, presumably in the Granite Wash and Cana Woodford basins. The Eagle Ford in ...

The Baker Hughes weekly rig count total showed a small increase of six total rigs exploring for oil and gas Friday, led by an increase of three rigs in the Williston basin. Surprising areas of increase this week led to a net increase while many areas that have seen recent activity showed either losses or no increase at all. While ...