Sunday, December 29, 2024

Independence Contract Drilling: ShaleDriller® Walking Rigs Designed for Pad Drilling Market

Independence Contract Drilling (ticker: ICD) has made shale play drilling its primary business target with the introduction of its ShaleDriller® series rigs. Demand for Independence’s rigs is largely focused in the Permian basin, with the Eagle Ford and Haynesville also playing home to rig operations. Walking rigs nice fit for shale development The ShaleDriller® rigs are built with a hydraulic

The Shale Boom in the Permian Is Slowing Down - 360

Is the Permian Getting Too Hot to Touch?

High acreage costs beginning to affect economics in the Delaware The Permian has enjoyed a rush of capital since oil prices began to recover from a low of $26.21 in February of last year. The play is home to some of the best economics in the country, making it a prime target for E&P companies looking to maximize profit in

North Dakota Production

Oxy Shuffles Permian Properties in $1.2 Billion Deals

13,000 non-core acres sold for $600 million Occidental Petroleum (ticker: OXY) announced a series of transactions in the Permian with a total value of $1.2 billion. These transactions are a series of purchases and sales that in total require no net cash spending by Oxy and will add about 3,500 BOEPD to the company’s production. Oxy is divesting about 13,000