Subscribe free to our newsletters via your




OIL AND GAS
Rig data paints mixed U.S. oil picture
by Daniel J. Graeber
Houston (UPI) May 11, 2015


disclaimer: image is for illustration purposes only

State and industry data show the number of rigs actively exploring for or producing oil and natural gas in the top three U.S. producing states declined.

North Dakota state data show 84 active drilling rigs in service as of Monday. That's down from the 86 reported last week, 108 year-on-year and the lowest on record for the state in more than five years.

Oil companies are spending less on exploration and production because crude oil markets have been depressed for nearly a year. That leaves energy companies with less capital to invest in exploration and production.

North Dakota produced 1.17 million barrels of oil per day in February, the last full month for which data are available. That's a decrease of 4 percent from the all-time high reached in December.

North Dakota is the No. 2 oil producer in the nation. In Texas, the No. 1 oil producer, data published last week by oil field services company Baker Hughes show one less rig in service for the week ending May 8. That's down from the 516 rigs reported for the same week in 2014. Gas rig counts were up for the week, while the number of oil rigs was down two and 477 year-on-year.

Some oil companies have reported improved efficiency despite the decline in rig counts. Texas in February produced 2.34 million barrels of oil per day, an increase of 5.2 percent from January.

For California, the No. 3 oil producer in the nation, the rig count fell by one to 13 for the week ending May 8. All of the rigs in service in the state are employed in state oil reservoirs, where state refineries reported a 0.2 percent increase in crude oil inputs for the week ending May 1.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
New technique shows shale-drilling additives in drinking-water
University Park PA (SPX) May 09, 2015
Substances commonly used for drilling or extracting Marcellus shale gas foamed from the drinking water taps of three Pennsylvania homes near a reported well-pad leak, according to new analysis from a team of scientists. The researchers used a new analytical technique on samples from the homes and found a chemical compound, 2-BE, and an unidentified complex mixture of organic contaminants, ... read more


OIL AND GAS
German navy ships rescue migrants in Mediterranean

Nepal warns against post-quake rent increases

Saudi announces Yemen humanitarian ceasefire

Nepali netizens drive quake relief effort online

OIL AND GAS
Next Generation GPS System Faces Delays, Cost Overruns

Neuronal positioning system: A GPS to navigate the brain

NASA Goddard Team Sets High Flying Record with Use of GPS

China's satellite navigation system to expand coverage globally by 2020

OIL AND GAS
Can skull shape determine what food was on prehistoric plates

Study finds ancient clam beaches not so natural

Human weapons may not have caused the demise of the Neanderthals

Insight into how brain makes memories

OIL AND GAS
Proteomics identifies DNA repair toolbox

Nature paper describes revolutionary method of making RNAs

Hitting the borders of expansion

Zimbabwe vows to export elephants despite criticism

OIL AND GAS
Meningitis epidemic kills more than 250 in Niger

Dengue cases soar in Brazil, as death toll climbs

Disease fears hit Nepal's quake-hit homeless

Ream discovers new mechanism behind malaria progression

OIL AND GAS
China lodges US protest after religious freedom criticised

New York party of the year kowtows to China

China culture drive pushes out indie films

'Landmark verdict' for abused China wife who faced death

OIL AND GAS
A blast and gunfire: Mexico's chopper battle

OIL AND GAS
China consumer inflation rises subdued 1.5% in April

China manufacturing index at one-year low: HSBC

China announces measures to boost creativity, jobs

Japanese inflation ticks up, but spending still weak




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.