DENVER Colorado's oil and gas regulator on Monday approved tougher permitting rules for new oil and gas wells, including requiring a 2,000-foot (610 meter) separation between wells and homes or public spaces, from the current 500-foot setback.
DENVER, Nov 6 U.S. frackers have been bringing
back equipment to boost production even with oil prices
languishing around $40 a barrel, tapping into a backlog of
drilled wells left uncompleted (DUCs) when oil prices crashed in
DENVER Chris Wright stands out as an oilman who might be more at home in Silicon Valley than the shale fields of North Dakota.
Liberty Oilfield Services on Wednesday said hydraulic fracturing activity was trending "modestly ahead" of anticipated levels and it expected roughly a 20% spike in its active fleets for the fourth quarter from the third quarter.
U.S. oilfield services firm Patterson-UTI Energy expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call.
Oilfield services provider Baker Hughes Co reported a third straight quarterly loss on Wednesday and warned that activity may be lower next year, as a coronavirus-induced slump in commodity prices continued to hurt demand for equipment and services.
The U.S. shale industry will continue to shrink, but energy companies will emerge from the COVID-19 pandemic downturn stronger, Halliburton's Chief Executive Jeff Miller told investors on Monday.
Top oilfield services provider Schlumberger NV on Friday posted its third straight quarterly loss as this year's slump in oil demand and prices due to the COVID-19 pandemic cut demand for its services.