Saturday, November 30, 2024
Horizontal drilling operations Encana - Oil & Gas 360

Encana Montney Liquids Production to Double in 2018, Permian up 30%

Permian and Montney will receive 70% of all 2018 CapEx Encana (ticker: ECA) announced fourth quarter results and reserves today, showing a net loss of $229 million, or ($0.24) per share. Despite this quarter’s loss, the company earned a net $827 million over the full year. Both of these results compare favorably to the company’s 2016 results, when Encana reported

EQT Takes Aim at 1.54 Tcfe in 2018

Reserves up 59% on Rice acquisition EQT (ticker: EQT) released year end results and reserves today, showing fourth quarter earnings of $1.28 billion, or $5.83 per share. The vast majority of these earnings, $1.2 billion, are due to benefits from the new tax legislation, as deferred tax liabilities are assessed at lower rates. However, EQT’s adjusted net income is still

Roughnecks at drill site.

Rig Count Holds at 975: Highest Point Since April 2015

Alaska activity up 80% Drilling activity in the U.S. was flat this week, holding steady at the highest rig count in three years according to Baker Hughes. The total number of rigs operating in the country was unchanged at 975, though specific subsets saw significant changes. One land and inland waters rig shut down, while two offshore rigs became active.

Shell Canada, Ensign Energy Services and Pacesetter Drill Canada’s Longest Well: a 25,000-Foot Duvernay in 14 Days

Pacesetter handles directional drilling with Pin Down PowerDrive rotary steerable system Ensign Energy Services Inc. successfully drilled Canada’s longest land-based well, to-date, with a measured depth of 7,770 meters, or 25,500 feet. The well was drilled, in partnership with Shell Canada, in Fox Creek, Alberta, by an Ensign ADR 1500S super spec rig. Despite the well’s record depth, the time from spud to rig-release was

BrandAMP: Don’t Settle for a Conventional Well Design

Behind the booming growth in shale production is a conflict felt by every E&P company; extracting more oil and gas from each well is no longer enough as the market demands that production gains be tied to a lower cost per barrel. Industry wide, trend behavior has driven proppant volumes, smaller proppant mesh sizes, larger volumes of pumped fluids, and