The Drilling struggles and improvements

The drilling industry has seen a significant slowdown in the last quarter. With WTI Crude price struggling to stay above the $60 per barrel, drilling companies are experiencing a slow…

T. Boone Pickens dies at 91

T. Boone Pickens, a celebrated corporate raider and energy industry magnate who built an empire out of an initial $2,500 investment, died on Wednesday at age 91. The Oklahoma-born tycoon,…

More Oil With Less Drilling Rigs

According to a recent Bloomberg story: “In June 2014, the U.S. pumped 8.4 million barrels of crude using 1,545 drilling rigs. Last month, it produced about 12.2 million barrels, 45%…

Consolidation In The Pressure Pumping Secture

Having a quite-fleet might not be enough to survive in the ever-volatile pressure pumping sector. As the fracking companies push for more economically viable frac spreads, the competition is getting…