U.S. drillers add oil and gas rigs for record 21 months a row
April 29 (Reuters) - U.S. energy firms last week added oil and natural gas rigs for a record 21 months in a row as high prices and prodding by the…
High-Impact Oil And Gas Drilling Makes A Comeback
Tsvetana Paraskova, Oilprice.com- Jan 25, 2022, 1:30 PM CST High-impact well drilling activity returned to growth in 2021 after a decade-low in 2020 when the pandemic and crash in demand…
Image courtesy of EIA.gov
Additional pipeline capacity from Canada to the United States could displace some crude oil by rail
On October 1, 2021, the Enbridge Inc. Line 3 replacement pipeline became fully operational, delivering crude oil from Edmonton, Alberta, to Superior, Wisconsin. The pipeline’s start comes seven years after…
Number of drilled but uncompleted wells declines
Source: U.S. Energy Information Administration, Drilling Productivity Report Based on our latest Drilling Productivity Report (DPR), 5,957 drilled but uncompleted wells (DUCs) were in the United States in all DPR regions in July 2021,…
Number of drilled but uncompleted wells declines
Based on our latest Drilling Productivity Report (DPR), there were 5,957 drilled but uncompleted wells (DUCs) in all DPR regions in July 2021, the fewest in any month since November 2017…
U.S. crude oil production efficiency increased only in the Bakken region in 2020
JULY 13, 2021 Source: U.S. Energy Information Administration, Drilling Productivity Report (DPR), based on data from Enverus In 2020, U.S. initial crude oil production per well, or well production efficiency, increased significantly in…
Growing global production limits crude oil price increases in the most recent forecast
In the June Short-Term Energy Outlook (STEO), we forecast that rising global production of petroleum and other liquid fuels (driven by OPEC, Russia, and the United States) will limit price increases…