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Posted on March 4th, 2017 - Posted in Software Update
On Sunday, May 7 Wellsite Report may be down while we upgrade our server to bring you a faster, more powerful experience.
Don’t worry – you can still draft incidents on your mobile app, and we’ll make sure those drafts get pushed to the new and improved server as soon as we’re back up and running. We apologize for any inconvenience!
First, the good news. Since the height of the pandemic in 2020, exploration and production companies (E&Ps) have reduced their net debt from a high of $316.74 billion to $178.66 billion at the end of 2022. According to CreditSights senior analyst Charles Johnston, most independent E&Ps refinanced and now pay less than the double-digit interest […]
Although oil and gas producers are trying to get more out of existing wells than from drilling new ones, 2023 is on pace to be a record year for domestic oil and gas production. In this period of reduced exploration but peak output, wireline service companies and fracking service companies could greatly benefit from using […]
Oil exploration is expensive, and not without its risks, but it can be quite lucrative for a production company when a substantial reserve is identified. However, many oil fields are in remote, hard-to-reach locations. Before upstream activities like drilling and extraction can take place, a service company is contracted to construct one or more roads […]
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