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Oil and Gas Journal Drilling News

  1. Oil and gas services company Wood Group is leading a subsea equipment research program offshore Australia in collaboration with Chevron Corp., Royal Dutch Shell PLC, and Woodside Petroleum Ltd. 

  2. Continental Resources Inc. increased its oil and natural gas production 37% to nearly 287,000 boe/d during fourth-quarter 2017 compared with the same period a year earlier. Continental plans to increase production in 2018, the company said in a preliminary statement on 2017 results.

  3. The Stagecoach 111-20H well in the Uinta basin in Utah, operated by EOG Resources Inc., is producing natural gas in commercial quantities, said Foothills Exploration Inc., Denver, following drilling, completion, and flow testing.

  4. The Colorado Oil & Gas Conservation Commission unanimously adopted new regulations covering flowlines and related oil and gas systems. The Feb. 13 action came following months of investigations and hearings after an Apr. 17, 2017, explosion and fire in an abandoned flowline killed two people and injured another in the town of Firestone.

  5. In its latest Short-Term Energy Outlook, the US Energy Information Administration forecasts US crude oil production to average 10.6 million b/d in 2018 and 11.2 million b/d in 2019, both of which are 300,000 b/d higher than forecast in the January STEO.
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