The Bakken is a notoriously tough area for producers to drill, which is why the play has some of the highest well completion costs in the U.S. Producers can spend $10 million or more to drill a single ...

Learn about spud, the initial drilling process in oil and gas that protects groundwater and outlines a well's development ...

Efficient drilling in shale reservoirs requires detailed 3-dimensional (3D) horizontal well trajectories. An orthogonal-arc trajectory (OAT) method assumes a single constant curvature in the curved ...

The Permian Basin Petroleum Association says there is an encouraging amount of oil and natural gas drilling in the Basin and other experts report that the wide array of factors at play brews a great ...

Driven by lower materials and equipment prices and an efficiency blitz, well costs for US mainland shale should decline by about 10% in 2024 and 1% in 2025, according to a new report from energy ...

"In an industry where efficiency can mean the difference between profit and loss, I'm not just drilling; I'm predicting, optimizing, and revolutionizing," says Abayomi Adelani Adejumo, a senior ...

NEW YORK (Reuters) - A bill of more than $10 billion (6.5 billion pounds) to clean up oil gushing from BP's U.S. Gulf well could be small compared to costs the disaster adds to producing oil offshore ...

Dig Energy announced on Tuesday that it has secured $5 million in venture funding to pilot its patented geothermal drilling technology. The round was co-led by climate-focused Azolla Ventures and ...