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Hydraulically fractured horizontal wells account for most new oil and natural gas wells

EIA, In 2016, hydraulically fractured horizontal wells accounted for 69% of all oil and natural gas wells drilled in the United States and 83% of the total linear footage drilled.

Wednesday, January 31, 2018
Iran Firms win most South Pars 11 Tenders: Official

Shana - A senior Iranian energy official says domestic companies have won in many of the key tenders concerning development of the South Pars Phase 11 project.

Tuesday, January 30, 2018
NIOC to Finalize Deal to Develop Iran Oilfield by Early March

Shana - Managing director of National Iranian Oil Company (NIOC) Ali Kardor said the contract for developing Iran's Mansouri Oilfield will be finalized by early March, adding two companies have been selected for the project.

Tuesday, January 30, 2018
Iran eyes 1.7 mbd Oil Output Capacity Increase

Iranian Minister of Petroleum Bijan Zangeneh Iran will increase its crude oil production capacity by at least 1.7 million barrels per day provided that its talks with foreign partners reach fruition.

Tuesday, January 30, 2018
Crude looks unstoppable as hedge funds take bets to new high

NEW YORK (Bloomberg) -- The enthusiasm in the oil markets is breaking records.

Monday, January 29, 2018
U.S. rig count expands most in 10 months as oil prices surge

NEW YORK (Bloomberg) -- E&P companies deployed more drilling rigs across U.S. oil fields this week as crude prices pushed to levels not seen in more than three years.

Monday, January 29, 2018
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