Light, sweet crude oil prices fell June 3 on the New York market on a combination of a higher rig count, weaker-than-expected job statistics, and a weakening dollar. Oil is traded in dollars and becomes cheaper for foreign buyers when the dollar falls. Source: News
Bearing innovations extend roller-cone bit life
A new tapered bearing assembly, developed specifically for roller-cone rock bits, significantly increased bit life for a Middle Eastern operator. Source: News
EU unconventional resource development stalls
European governments are reluctant to promote shale gas development even though technology has advanced and extraction processes have matured in North America. Source: News
New bid round accelerates Mexico's shale potential
Mexico’s shale industry may find traction in 2016. Well-prepared early movers will bid on the choicest geologic areas in one of the most anticipated shale offerings of recent years. Source: News