Page 151 - Grilling News Today

A federal agency has issued final approval of a company’s plan to conduct exploratory drilling for gold above Spearfish Canyon. The company is Colorado-based Solitario Resources. Project maps show some of the proposed drill sites are less than a mile from the canyon rim in the Black Hills National Forest, about 15 miles southwest of […] The post Company earns final approval for exploratory gold drilling above Spearfish Canyon appeared first on South Dakota Searchlight.

The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.

After better-than-expected production from fewer rigs in 2023, U.S. shale executives now are in the midst of slowing down amid a shrinking inventory of top-tier drilling locations, weak natural gas prices, and industry consolidation.

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday.

The Haynesville Shale’s high temperatures and tough rock have caused drillers to evolve, advancing technology that benefits the rest of the industry, experts said.

While production is at record levels, productivity per well in the Permian basin has declined 15% since 2020, due to factors like interference with underground pressure from extensive drilling. However, innovations like longer lateral wells and simultaneous fracking (simul-frac) are improving efficiency and lowering costs.

The Energy Workforce & Technology Council released a statement strongly condemning the administration’s move to block oil and gas drilling across over 13 million acres of the National Petroleum Reserve, a vital component of the U.S.’ energy security.

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Reprinted from Keystone State News