The US land market is vast and complex, with hundreds of operators looking to overcome operational challenges as margins grow ever-tighter. SLB’s Chad Peterson, Managing Director for US Land, and Gbubemi Bafor, Division Manager of Digital & Integration for US Land, explain how Optimized E&P Solutions give independent US operators cost-effective access to powerful workflows […]
New Mexico adds rig for second straight week; Permian still leader with 124
New Mexico added a rig for the second straight week, but declines of counts of oil and gas drilling rigs continued in Permian Basin, Texas and U.S. According to the July 17 report from Baker Hughes, New Mexico added 1 rig again to reach 50 (107 year ago). Permian Basin has 124 rigs (125 week […]
Marcellus replaces Permian as top destination for fracturing crews
Marcellus Shale in Pennsylvania and West Virginia has surpassed Permian Basin as leading U.S. destination for hydraulic fracturing crews, according to Houston investment advisory group Tudor, Pickering, Holt and Co. The firm said last week 31 percent of active crews were in Marcellus Shale followed by 30 percent in Permian Basin, and 14 percent each […]