Latest tight oil Stories

2014-07-07 08:24:00

HOUSTON, July 7, 2014 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE: GDP) today announced the completion of its Beech Grove 94H-1 (66.7% WI) well in East Feliciana Parish, Louisiana. The well has achieved a peak 24-hour production rate to date of approximately 740 barrels of oil equivalent ("BOE") per day, comprised of 672 barrels of oil and 412 Mcf of gas on a 19/64 inch choke. The Beech Grove 94H-1 well was drilled with an approximate 6,000 foot lateral, landed in the...

2014-03-04 12:28:12

DALLAS, March 4, 2014 /PRNewswire-iReach/ -- RnRMarketResearch.com adds "Shale Gas & Tight Oil: Products & Services to 2017" to its store that says the rapid growth in production from these unconventional resources continues to have a ripple effect throughout the US economy. http://photos.prnewswire.com/prnvar/20140304/MN76206 US demand to surpass $90 billion in 2017 Demand for products and services used in the development of shale gas and tight oil reservoirs is forecast...

2013-10-29 11:09:11

After 10 years of production, shale gas in the United States cannot be considered commercially viable, according to several scientists presenting at the Geological Society of America meeting in Denver on Monday. They argue that while the use of hydraulic fracturing and horizontal drilling for "tight oil" is an important contributor to U.S. energy supply, it is not going to result in long-term sustainable production or allow the U.S. to become a net oil exporter. Charles A.S. Hall,...

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