Open and close commands are sent from the surface to control a downhole valve that enables fluid to flow, actuating the tools ...

Ever since Russia invaded Ukraine in February 2022 and oil prices soared around the globe, the oil industry has enjoyed three highly lucrative years with historic profits. The sector is still ...

In the U.S., crude oil is produced in 32 U.S. states as well as in U.S. coastal waters. In 2023, approximately 76% of total U.S. crude oil production came from six states, in which the oil and gas ...

an oil and gas attorney, told the Texas Tribune earlier this month. Stogner has tracked such wells for years. In December 2023, an abandoned well that blew out in Imperial, southwest of Odessa ...

Texas oil and gas regulators requested more than $ ... Leaking and erupting wells are eating up more of the commission’s well-plugging budget, limiting its ability to get ahead of the problem ...

Unable to keep up with the growing number of leaking and erupting wells in the state’s oil fields ... environment” from increasingly common well blowouts. The agency follows a rating system ...

After boring vertically to the shale layer, they went sideways for one mile, curved the well around and then drilled back to where it began. It worked. Matador was able to pump the oil with two ...

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What is the price of crude oil today? WTI futures traded at $68.17 ... Brent futures contracts remained well above zero, bottoming at around $25/bbl that day. Brent crude fell to its 52-week ...

However, oil prices have fallen sharply over the past few months. Crude was recently under $70 a barrel, well below the nearly $80 average it captured during the second quarter. Now the company's ...

Oil May Spike After US Election on Mideast Risk, StanChart Warns Global crude market has ‘relaxed too quickly’ following strike Renewed conflict between Israel and Iran possible after vote ...