Tag Archives: Niobara

EIA July 2015 Drilling Productivity Report

Drilling Productivity Report



U.S. Energy Information Administration EIA

Drilling Productivity Report

via U.S. Energy Information Administration EIA.

EIA Monthly Drilling Productivity Report Released

The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and natural gas production for seven key regions. EIA’s approach does not distinguish between oil-directed rigs and gas-directed rigs because once a well is completed it may produce both oil and gas; more than half of the wells produce both.While shale resources and production are found in many U.S. regions, at this time EIA is focusing on the seven most prolific areas, which are located in the Lower 48 states. These seven regions accounted for 95% of domestic oil production growth and all domestic natural gas production growth during 2011-13.

via U.S. Energy Information Administration EIA.

EIA Drilling Productivity Report

Drilling Productivity Report

via Petroleum & Other Liquids – U.S. Energy Information Administration EIA – U.S. Energy Information Administration EIA.

Rail oil shipments rise as Keystone pipeline remains in limbo

As U.S. oil production surges, the rail industry is boosting its capacity to transport crude oil beyond that of pipelines in some areas, and this increase raises the risk of lethal accidents, according to two new federal reports.The number of rail cars carrying oil began rising in 2012, and their capacity is  nearly double that of pipelines in the Bakken Shale area of Montana and North Dakota, the Energy Information Administration reports Tuesday. Citing data from the North Dakota Pipeline Authority,  it says this capacity totaled 965,000 barrels per day by the end of 2013 while that of pipelines was 515,000 barrels per day.

via Rail oil shipments rise as Keystone pipeline remains in limbo | America's Markets.

Titanium Exploration and Castlelake eye Eagle Ford Shale investments

Dallas-based Titanium Exploration Partners LLC and Minneapolis-based institutional investor Castlelake L.P. have formed a joint venture to invest in South Texas’ Eagle Ford and eventually in other U.S. shale formations, officials say.The venture is scouting for investments in non-operated oil-and-gas assets in the Eagle Ford and pursuing strategic partnerships with shale operators. While initially focused on the Eagle Ford, it’s also considering investments in West Texas’ Permian Basin plus the Bakken, Marcellus, Utica and Niobrara formations.

via Titanium Exploration and Castlelake eye Eagle Ford Shale investments – San Antonio Business Journal.

Niobrara ‘Another Bakken’ for Whiting Petroleum

While reporting that its Williston Basin North Dakota production reached record levels above 100,000 boe/d in 1Q2014, Whiting Petroleum Corp. executives early this month trumpeted the potential of the company’s Denver Julesburg (DJ) Basin play in Colorado as potentially duplicating the Williston growth.

“There is nothing that we have seen that would deter us from applying more and more capital and greater numbers of drilling rigs [in the Niobrara] as we move forward,” said CEO Jim Volker, during an earnings conference call.

Despite some winter slowdowns, Whiting’s operations in the DJ Basin have “ramped up completions, and production is rising nicely,” Volker said. Current plans call for drilling eight wells/spacing unit in two different zones (A and B) in the Niobrara formation, he said.

In addition in May, Whiting will test a high-density, 32-well/spacing unit pattern in another part of the Niobrara. Whiting’s total potential drilling locations in one area of the DJ (Redtail) could increase to more than 6,600 gross wells, Volker said.

via Niobrara 'Another Bakken' for Whiting Petroleum | 2014-05-15 | Natural Gas Intelligence.

EIA Drilling Productivity Report

Petroleum & Other Liquids – U.S. Energy Information Administration (EIA) – U.S. Energy Information Administration (EIA).