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Natural gas prices are setting up E&P companies operating in gas plays for a challenging 2024, maybe more challenging than they expected. On March 20, the 12-month strip settled at $2.71/MMBtu, down from more than $3.00/MMBtu when the year started,...
Day rates in the U.S. can’t seem to make up their mind, and neither can drilling contractors. All of the Enverus Day Rate Survey’s seven regions saw rig rates decline sequentially in February, for the first time since October.
Operators across the Lower 48 continue to deploy innovative redevelopment techniques to increase their production to stifle the decrease in high-graded new drill inventory.
Permitting information for oil and gas wells is one of the most readily available and least lagged pieces of data on industry activity, but it is often seen as a poor indicator of future drilling activity.
All seven regions covered by the Enverus Day Rate Survey saw rates rise sequentially for the second time in three months in January as confidence started to strengthen among U.S. land drilling contractors.
Ørsted took a blade to its project pipeline, reducing its ambition to 35-38 GW of installed capacity by 2030 from the previous 50 GW.
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