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Tag Archives: onshore drilling

Halliburton comments on last year’s earnings, 2015’s challenges

Halliburton recently released its fourth quarter earnings report for 2014 and reported total revenues of $8.8 billion compared to the previous quarter’s $8.7 billion, according to The Bakken Magazine. For both the third and fourth quarters of 2014, the company’s adjusted operating income was $1.4 billion. For the third quarter, the operating income was $1.6 billion. For the fourth quarter, ...

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Conoco has quarterly loss, cuts capex again on oil slide

ConocoPhillips <COP.N>, the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices. Rising supplies of oil from sources including North American shale basins and weakening demand have left global markets flooded with oil, a market imbalance that has caused prices to plummet almost 60 percent since ...

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Shale boom can shield US from hurricane problems

hurricane

Shane Thielges | Shale Plays Media Another benefit of the US shale boom: America is much less susceptible to fuel supply problems from hurricanes. An article from United Press International outlines how the prevalence of onshore drilling prevents potential energy disruption from tropical storms. Hurricane Katrina, for example, shut down half of all Gulf of Mexico production from offshore drilling in ...

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The baggage of offshore drilling

Zachary Toliver | Shale Plays Media In the era of the great energy boom, investing in oil and gas exploration has exploded. Fresh, untapped areas have been targeted throughout the U.S. and no land is untamable. Since the 25-year congressional ban on Atlantic coast offshore drilling was lifted, offshore exploration has followed suit and has fueled substantial interest in the ...

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