Newer wells drilled close to older wells are generally pumping less oil and gas and could permanently hurt output, leading frackers to cut back on the number of sites planned and forecasts on overall production to be trimmed.

Topics:  wells   oil   
BING NEWS:
  • 3 Potential Opportunities in the Oil & Gas Drilling Industry
    Drilling industry has faced setbacks due to the conclusion of their lucrative legacy contracts, uncertainties surrounding the slowdown in upstream capital spending growth, and inflationary pressures.
    04/25/2024 - 1:07 am | View Link
  • Focus: As shale oil output slows, one deepwater port struggles for customers
    Houston-based energy reporter focused on oil markets and energy companies. Arathy closely tracks U.S. crude supply and its impact on global markets, ever changing crude oil flows, and reports on U ...
    04/22/2024 - 6:01 am | View Link
  • Shale Oil ‘Fracklog’ Resumes Expansion After Yearlong Hiatus
    Shale explorers are drilling wells faster than they’re fracking them, a strong signal that U.S. oil production growth is slowing. Oil companies added to the number of drilled-but-uncompleted ...
    04/15/2024 - 6:25 am | View Link
  • Challenges Facing U.S. Shale Drillers Amid Rising Oil Prices
    U.S. crude oil prices surged last ... The cost to drill new wells in key shale regions like the Permian has risen significantly over the past year, adding to the financial strain.
    04/9/2024 - 4:15 pm | View Link
  • US shale drillers deterred from oil output boost by slump in natural gas
    (Reuters) — US crude oil prices last week climbed to their highest ... Those higher prices so far have not been enough to entice U.S. drillers to boost production, operators and service firm ...
    04/7/2024 - 1:00 pm | View Link
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