US Oil Rig Count Dips As Prices Rise
Baker Hughes reported a 2-rig decrease to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 993, which is Continue Reading
Labor shortages in West Texas getting worse
The latest shale drilling boom is driving unemployment to the lowest levels in years in many of the areas that encompass the Permian Basin, a 17-county region that spans West Continue Reading
Weekly US gasoline exports breach 1 mil b/d amid weak Mexico production
US gasoline exports breached the 1 million b/d level in the week ended March 23, the fourth time this has happened and the first week it has ever occurred in Continue Reading
Texas-Sized Gas Conundrum Plagues America’s Busiest Oil Play
A pipeline shortage that’s leaving gas trapped in the Permian means prices for the fuel there are the lowest of any major US hub. (Bloomberg) — America’s most prolific oil Continue Reading
U.S. judge dismisses Exxon suit seeking to stop climate change probes
A federal judge on Thursday dismissed Exxon Mobil Corp’s lawsuit seeking to stop New York and Massachusetts from probing whether the company misled investors and the public about climate change Continue Reading
E.P.A. Prepares to Roll Back Rules Requiring Cars to Be Cleaner and More Efficient
The Obama-era rules to be reconsidered were designed to address global warming and put the United States at the forefront of global car-efficiency regulation. The Trump administration is expected to Continue Reading
Shale Breakevens Rise Amid Production Surge
U.S. shale companies are set to increase their capital expenditures by 20 percent this year, while also boosting their production guidance, according to Rystad Energy . Obviously, the Permian is Continue Reading
The Struggle Continues For Bankrupt Shale Drillers
Remember the wave of bankruptcies that hit shale E&Ps and oilfield services providers in the shale patch between 2015 and 2017? Over those two years, more than 120 oil and Continue Reading
U.S. Oil Interests In Jeopardy If Key NAFTA Provision Is Removed
A group of more than 100 GOP Senators and House Representatives has called on President Trump to keep investor protection provisions in NAFTA intact. Otherwise, the group says, U.S. investments Continue Reading
EV Battle Heats Up Amid Trump Tariffs
Electric vehicle makers have largely relied on aluminum to make their cars lighter in hopes of offsetting the weight of the battery pack and reducing overall weight in order to Continue Reading