3 M-U Wells Drilled by DWS Break World Record for Longest Onshore
Deep Well Services (DWS), headquartered in Butler County, PA, is living up to the company name. DWS is one of our favorite oilfield services companies, born right here in the Marcellus/Utica. DWS specializes in “snubbing” work–completing those super-long laterals you read about. Earlier this year the company drilled three more record-breaking wells–the longest onshore wells ever drilled in the world! The current record-holding well drilled by DWS, completed just last quarter, is located in…
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New England “doesn’t produce a barrel of crude oil, a gallon of NGLs, or a cubic foot of natural gas.” All of the considerable quantity of fossil fuels the region uses for energy must be brought in–by pipeline (very few pipelines), truck, ship, or rail. Propane is one of the primary heating fuels used in New England. Guess where the region’s propane comes from, and how it gets there?
Once again the price of natural gas traded on the Henry Hub in south Louisiana, the NYMEX December futures contract, has tanked. The price fell $0.30 yesterday to close at $2.70/Mcf. There were two primary reasons why: (1) The U.S. Energy Information Administration (EIA) released a storage report last Friday showing storage levels are near record-highs (too much supply), and (2) longer range weather models show temps staying warm (not enough demand).
MARCELLUS/UTICA REGION: Oilfield Basics signs partnership agreement with PIOGA; Marcellus Utica Virtual Conference 2020 (video); ShalePro Energy Services profile; OTHER U.S. REGIONS: Tellurian’s Souki seeks new Asia gas deals after Petronet rebuff; NATIONAL: Pipeline Prosperity (video); The great American LNG comeback; In shadow of pandemic, pipeline companies eye efficiency until market stabilizes; Trump races clock on remaining environmental rollbacks; INTERNATIONAL: Equinor sees oil demand peaking two-three years sooner due to virus.