In 2004, horizontally drilled wells account for roughly 15% of U.S. crude oil production in tight oil formations. By the end of 2018, that percentage had skyrocketed to 96%. The Horizontally Drilled Wells allows producers to access more of the oil- and natural gas-bearing rock than drilling vertically. The lateral length of horizontal wells has […]
https://www.rangerminerals.com/wp-content/uploads/2019/06/image_asset_23787.png286556Ranger Land & Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land & Minerals2019-06-13 09:45:292023-12-17 11:49:42Horizontally Drilled Wells Dominate U.S. Oil and Gas Production
UTICA SHALE WELL ACTIVITY AS OF JUNE 1 DRILLED: 229 (259 as of last week) DRILLING: 156 (156) PERMITTED: 489 (492) PRODUCING: 2,223 (2,186) TOTAL: 3,097 (3,093) Read the full article here Source: Cantonrep.com
https://www.rangerminerals.com/wp-content/uploads/2019/06/Untitled-1.png286710Ranger Land & Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land & Minerals2019-06-05 15:00:372019-06-05 14:23:01Utica Shale well activity as of June 1
The Longer-Term Fundamentals While oil prices rising, investors shouldn’t lose track of the longer-term fundamentals. At its peak in 2011, 60% of the U.S. total trade deficit was due to petroleum. Last year U.S. oil production rose by 17% to a record high of 10.95 million barrels per day, in turn pushing down net petroleum […]
https://www.rangerminerals.com/wp-content/uploads/2019/06/Untitled.png275702Ranger Land & Mineralshttps://www.rangerminerals.com/wp-content/uploads/2020/02/ranger-land-and-minerals-logo.pngRanger Land & Minerals2019-06-05 13:35:012023-12-24 04:25:13Why Are Oil Prices Rising and Should Investors Be Worried?
Horizontally Drilled Wells Dominate U.S. Oil and Gas Production
IndustryIn 2004, horizontally drilled wells account for roughly 15% of U.S. crude oil production in tight oil formations. By the end of 2018, that percentage had skyrocketed to 96%. The Horizontally Drilled Wells allows producers to access more of the oil- and natural gas-bearing rock than drilling vertically. The lateral length of horizontal wells has […]
Utica Shale well activity as of June 1
IndustryUTICA SHALE WELL ACTIVITY AS OF JUNE 1 DRILLED: 229 (259 as of last week) DRILLING: 156 (156) PERMITTED: 489 (492) PRODUCING: 2,223 (2,186) TOTAL: 3,097 (3,093) Read the full article here Source: Cantonrep.com
Why Are Oil Prices Rising and Should Investors Be Worried?
IndustryThe Longer-Term Fundamentals While oil prices rising, investors shouldn’t lose track of the longer-term fundamentals. At its peak in 2011, 60% of the U.S. total trade deficit was due to petroleum. Last year U.S. oil production rose by 17% to a record high of 10.95 million barrels per day, in turn pushing down net petroleum […]