WASHINGTON–According to the U.S Energy Information Administration, global oil consumption is rallying back and is poised to accelerate to 101.2 million barrel a day in 2022, topping pre-pandemic levels.
Activity moved higher in the first quarter in the Federal Reserve Bank’s tenth district than year-ago levels for the first time since March 2019, according to the Federal Reserve Bank of Kansas City. The tenth district includes Kansas, Colorado, Nebraska, Oklahoma, Wyoming, and the northern half of New Mexico.
HOUSTON–Hess Corp. applied advanced numerical modeling and simulation to better understand complex relationships between a horizontal parent and two vertical child wells completed in the Middle Bakken formation. The results not only help make sense of diverse parent/child well observations, but also shed new light on effective frac length, the impact of frac hits on parent well production, proppant distribution and “trapping,” and more.
Private Equity, Structured Debt Providing Capital Options For Independents
April 2021 Editor's Choice
Last year was a turbulent one for the upstream sector, with companies reacting to lower commodity prices by slashing capital expenditure and in some cases cutting shareholder pay-outs. That assessment from the February 2021 Energy Council Outlook Survey Report will serve to confirm what U.S. independent producers have seen anecdotally.
Representatives Of Manufacturing Sector Affirm Smart Energy Policy, Ally With Oil And Gas
April 2021 Markets & Analytics
Editor’s Note: Amid an eventful first 100 days in office, President Joe Biden’s administration has made a number of policy moves in the name of protecting the global climate that many oil and gas industry representatives deem an aggressive and counterproductive attack on the country’s primary energy sources.
For many completion companies and tool designers, 2020 had a silver lining. With fewer completions to support, service companies could devote more time and manpower to refining processes and generating new ideas.