The longest horizontal onshore lateral ever drilled in the U.S. has been announced by Halliburton. The company said it worked with Eclipse Resources Corporation to complete hydraulic fracturing on the lateral test well known as “Purple Hayes” in the Utica Shale. It had a lateral length of more than 18,500 feet and was completed with …
Despite posting healthy gains for a fourth consecutive month, oil futures fell while natural gas was up on Tuesday, according to Bloomberg MarketWatch. West Texas Intermediate crude for July fell 23 cents, or 0.5%, on the New York Mercantile Exchange, ending trade at $49.10 a barrel, after reaching slightly above $50 before settling lower. For …
