So, it turns out The Wall Street Journal doesn’t have a section in their fine publication devoted to coated components. But here’s the thing – what we do, what you do, it’s a BIG deal. So we’re not going to quit our day jobs, but we monitor what’s going on and post it here on our site. Make sure to bookmark this page, visit often and tell your friends. This is your hub for news and updates for the industry.
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Emerging Texas shale basin still in its infancy, but a good bet amid downturn. IHS examines next big deal in U.S. shale By Daniel J. Graeber HOUSTON, June 24 (UPI) -- The Wolfcamp Delaware basin, a shale play straddling the Texas border with New Mexico, could be the next big deal, analysis published Wednesday from IHS found. The Wolfcamp Delaware has promise, but right now, it is considered an adolescent in terms of its maturity, Reed Olmstead, manager of the North American analytics at IHS Energy, said in an emailed statement. The U.S. Energy Information Administration said in a drilling productivity report output from key shale basins is expected to dip lower starting in July. Low crude oil prices leaves companies with less money to spend on exploration and production and many key shale states are feeling the impact. North Dakotas rig count is hovering near all-time lows and production from April, the last full month for which data are available, is down nearly 2 percent from