The Bakken is a notoriously tough area for producers to drill, which is why the play has some of the highest well completion costs in the U.S. Producers can spend $10 million or more to drill a single ...

Learn about spud, the initial drilling process in oil and gas that protects groundwater and outlines a well's development from spud date to completion.

The Permian Basin Petroleum Association says there is an encouraging amount of oil and natural gas drilling in the Basin and other experts report that the wide array of factors at play brews a great ...

NEW YORK (Reuters) - A bill of more than $10 billion (6.5 billion pounds) to clean up oil gushing from BP's U.S. Gulf well could be small compared to costs the disaster adds to producing oil offshore ...