Headlines

Canada’s fleet of active drilling rigs shrank from 255 to 244 since last week according to data from Baker Hughes. Total drilling count was 244 at February 21. 169 rigs were drilling for oil; 75 for natural gas. The drilling activity in Alberta decreased from 160 to 152 since last week.  Saskatchewan’s drilling fell from 72 to 70 rigs. View a full breakdown of Western Canada’s rig activity. [Read More…]

The U.S. oil rig count rose for a third week in a row even though growth in the country's largest shale formation slows as producers cut spending on new drilling for a second consecutive year. Companies added one oil rig in the week to Feb. 21, bringing the total count to 679, their highest since the week of Dec. 20, energy services firm Baker Hughes Co said in its closely followed report on Friday. In the same week a year ago, there were 853 active rigs. U.S. crude futures traded [Read More…]

Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pat on any early action to cut output to support the market. U.S. crude was off by 97 cents, or 1.8%, at $52.75 a barrel. Brent crude was down $1.08, or 1.8%, at $57.98 a barrel. On Friday South Korean authorities confirmed 52 new coronavirus infections, Yonhap reported. The streets of Daegu, the country's fourth-largest city, were [Read More…]

In one of the longest horizontal wells ever drilled in the US with total measured depth over 28,000 feet and 144 stages, an operator in the Utica Basin needed to streamline its millout procedure to increase cycle time and begin production faster.  Typically, one drill bit is only able to mill out up to 60-70 plugs per trip requiring operators to pull the tubing to snub point, snubbing out, replacing the bit, snubbing back in, and resuming drilling, which is a time consuming and costly process. [Read More…]

Treeline Well Services LP is pleased to announce the acquisition of six (6) service rigs from Reliance Well Servicing consisting of 5 doubles and 1 single. Effective February 20th, 2020 all rigs will operate under the Treeline Partnership. All 5 doubles are consistent with the majority of Treeline’s current fleet that now includes 18 KSM 550 heavy hook load double rigs.  Treeline is also excited to add Reliance’s crews to our workforce, these individuals are directly responsible for the great [Read More…]

GUERNSEY, Sask. - An estimate of oil spilled in a fiery train derailment in rural Saskatchewan has increased to 10,000 barrels Saskatchewan's Ministry of Environment says new figures from Canadian Pacific show the spill was more than the 7500 barrels initially calculated. The ministry says a significant amount of crude was burned off during the fire, and CP estimates 7500 barrels of oil has so far been recovered. The freight train jumped the tracks on Feb. 6 near Guernsey, about 115 [Read More…]