Home / Tag Archives: oil production

Tag Archives: oil production

Activity up, hiring increases in the Bakken

top 5 bakken stories of the week

Oil companies are hiring in the Bakken, and more jobs are expected to open up next year, according to the Bismarck Tribune today. Job Service North Dakota announced six oil companies are looking for workers to man fracking crews in the new year, said Cindy Sanford, customer service office manager of Job Service’s Williston branch. She said she couldn’t reveal ...

Read More »

North Dakota oil output up about 2,375 barrels daily in July

North Dakota oil production, pumpjack

BISMARCK, N.D. (AP) — North Dakota’s oil production increased by about 2,375 barrels a day in July, after dropping by about 20,000 barrels the month before. The Department of Mineral Resources says the state produced an average of 1.029 million barrels of oil daily in July, up from 1.027 million barrels in June. North Dakota’s production record was set in ...

Read More »

US rig count up 17 this week to 481, Texas up 13

oil rig, rig count, Pixabay

HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by 17 this week to 481. A year ago, 884 rigs were active. Depressed energy prices have sharply curtailed oil and gas exploration. Houston oilfield services company Baker Hughes Inc. said Friday that 396 rigs sought oil and 83 explored for natural gas ...

Read More »

North Dakota oil output increases 5,400 barrels daily in May

pump jack, north dakota oil production

BISMARCK, N.D. (AP) — North Dakota’s oil production increased about 5,400 barrels a day in May, after dropping by about 70,000 barrels the month before. The Department of Mineral Resources says the state produced an average of 1.047 million barrels of oil daily in May. North Dakota’s production record was set in December 2014 at 1.22 million barrels daily. North ...

Read More »

US energy secretary sees oil market coming into balance

Ernest Moniz, Energy Department, oil glut

BEIJING (AP) — The U.S. energy secretary said Friday he sees the global oil market coming into balance over the next year as rising demand catches up with a two-year-old supply glut that depressed prices. Ernest Moniz said supplies should be adequate after the market comes into balance. He said Saudi Arabia has made clear it will maintain spare production ...

Read More »

Oil price unlikely to rise much further, global agency says

oil overflow barrel

LONDON (AP) — The price of oil is unlikely to rise much further after rallying almost 90 percent since January, as the global market shows signs of stabilizing, the International Energy Agency said Tuesday. The Paris-based agency, which advises the world’s top oil consuming nations, nudged up its estimate for global oil demand this year in its monthly report. It ...

Read More »

Flo-Rite Magnetic Fluid Conditioning for Horizontal Wells

Since the horizontal well boom began, production technology has advanced exponentially. But despite these advances, there remains an arduous and persistent problem which plagues both conventional and unconventional wells alike — paraffin and scale buildup. Treating paraffin with Magnetic Fluid Conditioning Magnetic Fluid Conditioning (MFC) is not new to the oilfield. Historically, though, the process hasn’t been trusted as an ...

Read More »

Oil prices set for fourth-straight monthly gain

oi prices

The price of oil is on track to set its longest run of monthly gains in five years. Futures were up Tuesday morning in New York, paving the way for a fourth-straight monthly advance. Oil production has been disrupted in several different countries in recent months. Nigeria’s oil production is down 50 percent after a series of militant attacks. In ...

Read More »

Energy sector movers, losers, and news: Oil reaches 12-year low

This week oil is down at $28.95 per barrel from 30.89 last Friday, February 5th, a 6.7 percent change. Oil reached $26.21 Thursday, February 11 which is the lowest oil has been since 2003. CNN reports Janet Yellen, Chair of the US Federal Reserve, acknowledged the global economy challenges, but that the central bank will still move to gradually raise ...

Read More »