Oil Field News

Daily Drilling Licenses Issued

December 17 Click here for a complete list of licenses issue





Drilling Activity Report

DRILLING RIG ACTIVITY
 
DRILLING RIG ACTIVITY
December 18, 2014
Active Down Total % Active
Western Canada
AB 286 282 568 50%
SK 41 101 142 29%
BC 49 20 69 71%
MB 11 11 22 50%
WC Total 387 414 801 48%
 
Read more...

WTI Crude Oil

Lightstream Bakken Shale Offerings No Fire Sale: CEO

Lightstream Resources Ltd. (LTS) put all its assets in the Canadian side of the Bakken shale for sale to cut debt as oil plummets. Chief Executive Officer John Wright says there’s no rush.
Read more...

Brent Seen Falling to $50 in 2015 as OPEC Fails to Act

Crude oil prices are poised to fall below half where they were six months ago, before producers begin dealing with a global glut.
Read more...