July 9, 2018

Three-year Finding &Development costs among Canadian drillers averaged $10.96 One of the most fundamental goals of an oil and gas company is replacing reserves. If a company is unable to replace reserves effectively, it in essence has a finite life span. Why? Because draining a formation of hydrocarbons eliminates your reserves. Excluding the effects of price fluctuations and asset sales,

Saudi gas rigs drop sharply International drilling activity continued to decline last month, the second straight month of decreasing rig counts, according to Baker Hughes International Rig Count. A net eight rigs shut down in June, meaning there are now 959 rigs drilling internationally. 959 operating rigs is the lowest international activity level since last December, and is in line