Improvements in revenue growth related to production increases and well construction throughout parts of the U.S. and Latin America are assisting Weatherford International’s efforts to recover from the effects of the oil price downturn. Reporting on the first quarter of 2018, Weatherford CEO Mark McCollum said the company is seeing positive results from reduced core…
Luke Geiver
The Next Level of Fracture Optimization
A new breed of data-centric, geomechanically-focused companies is helping completion engineers improve fracture treatments and overall production.Ahmed Quenes and Peter O’Conor believe their shale management solution is the future of the unconventional oil and gas industry. Their Texas-based company, FracGeo, is part of a small cluster of companies created in the past five years to…
Patrick C. Miller
ConocoPhillips: Alaska winter exploration program looks promising
Houston-based ConocoPhillips said the results of its 2018 winter exploration and appraisal program on Alaska’s western North Slope were “promising.” The company had planned to drill five wells in its North Slope Willow Discovery, but because of improved drilling efficiencies, six wells were drilled. “All six wells plus a sidetrack encountered oil and verified the…
Patrick C. Miller
Whiting to ramp up Bakken activity in second quarter of 2018
Whiting Petroleum Corp. is planning to increase the pace of operations in the Bakken shale play during the second quarter this year to accelerate the company’s growth. In reporting on first quarter results, Whiting said its focus will shift from drilled, uncompleted wells in Colorado’s DJ Basin to Bakken development during the second half of…
General
Energy Efficiency 5/2/18
In a recent guest column, state Sen. Kevin Priola and Rep. Faith Winter applaud the Public Utilities Commission for increasing the efficiency goal for Xcel Energy, presumably because of a bill they co-sponsored. It’s all self-congratulation, because efficiency is a concept that has no enemies. Our colonial ancestors had no airplanes, trains, cars, trucks,…
Riley J. Hood
The Muslim Report: Turkmenistan
“Jesus said unto them, If God were your Father, ye would love me; for I proceeded forth and came from God; neither came I of myself, but he sent me.” John8:42The Islamic majority nation of Turkmenistan views Christian evangelists as terrorists and extremists. One Christian leader said, “We are under a lot of pressure, but…