Tag: drilling

News and Policies, U.S.

Trump’s offshore oil ambitions sinking

March 23, 2018

Via: Petroleum Economist

“After talking with @FLGovScott, I am removing #Florida from the draft offshore plan,” the US interior secretary Ryan Zinke tweeted on 9 January. It’s a tweet he and the Trump administration could come to regret. The announcement came after a […]

Chemical, Conventional Fuels

Oil wells drilled horizontally are among the highest-producing wells

November 7, 2016

Via: US Energy Information Administration

Oil wells drilled horizontally through hydrocarbon-bearing formations are often among the most prolific oil wells in the United States. Although modern horizontal drilling achieved commercial success in the 1980s, drilling techniques have improved, and in recent years, horizontal drilling has […]

Energy Economics

U.S. oil companies closer to balancing capital investment with operating cash flow

July 19, 2016

Via: US Energy Information Administration

Although the crude oil price decline since 2014 has led to significant reductions in operating cash flow for U.S. oil companies, their immediate financial situations are improving. As oil companies’ spending falls and crude oil prices increase, the need for […]