Barnett

Barnett Exclusives

Schlumberger, oil, reserves, exploration, spending, Paal Kibsgaard

The head of the world’s largest oilfield service company says the world could face a medium-term supply deficit given today’s reserves depletion rate and falling exploration spending.

Analysis from Haynes and Boone, Poten & Partners indicates positive signs for North American industry.

Schlumberger, drilling, oilfield services, U.S., North America, Kibsgaard, technology, costs, Gulf of Mexico, Latin America

North America revenue grew by 6% to $1.9 billion, while international revenue dropped by 7% to about $4.9 billion compared with the previous quarter.

Barnett Gross Acreage

CompanyNet Acreage
Devon Energy600,000
EOG Resources298,000
Chesapeake Energy215,000
ConocoPhillips133,000
All Top Acreage Holders