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Tag Archives: eagle ford

The cost of domestic oil

cost

By John Bestoloffe | Bakken.com The past decade has seen an explosion of drilling into the United States’ shale oil reserves. Many people feel as though the shale boom will make life easier for everyone involved with an added bonus of cheap oil. Although we have transitioned from importing the majority of our oil from countries in the Middle East ...

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Oil Field Investigation Reveals Lack Of Inspections And Shoddy Practices

oil rig

HOUSTON (AP) — Injury claims, government data and public records of oil field accidents since the start of the onshore drilling and fracking boom in 2007 show the federal government failed to implement safety standards and procedures, according to a Houston Chronicle investigation. The examination also shows a lack of government inspections and shoddy practices by many oil and gas ...

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Oil industry starts to squeeze costs, wages: Kemp

oil rig

By John Kemp Jan 30 (Reuters) – Cutting the cost of everything from salaries and steel pipes to seismic surveys and drilling equipment is the central challenge for the oil and gas industry over the next five years. The tremendous increase in exploration and production activity around the world over the last ten years has strained the global supply chain and been accompanied by a ...

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