Thursday, February 6, 2025

Natural Gas Moves to the Naughty List

Coal miners warn gas industry: Green groups are coming for you next From Bloomberg Think coal’s got it bad in the fight against climate change? Watch what happens to natural gas. Power plants around the world are stepping up their use of gas as a fuel because it burns cleaner than coal—and in the U.S., at least, it’s cheaper. Gas now supplies about

Roughnecks at drill site.

Rig Growth Continues

Fourteenth week adding rigs The recovery in U.S. drilling activity shows no signs of slowing, according to Baker Hughes’ weekly rig count. Active rigs in the U.S. increased by 10 this week, the fourteenth straight increase, bringing the total number of rigs in the U.S. to 857. This is nearly double the 431 rigs that were operating this time last

Core Lab Exposes Four Trends Shaping the Industry’s Future

Macro trends will influence future development In its first quarter conference call, Core Laboratories (ticker: CLB) identified four major industry trends that it believes will shape tomorrow’s oil field: Increasing interest in EOR from tight oil reservoirs Finer proppants in the initial portion of hydraulic fracturing treatments Increasing in proppant loads and frac stages per well Big data and artificial