U.S. Rig Count Increases As Oil Prices Hold Above $60
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 7 this week, bringing the total rig count to 439. Last Continue Reading
U.S. Oil Bankruptcies Shoot Up In Q1 2021
The number of North American producers that filed for bankruptcy protection in the first quarter of 2021 reached the highest number for a first quarter since 2016, yet the wave Continue Reading
Bakken gas production, rig count slower to recover than other US basins
Bakken natural gas production continues to show slight declines, allowing for additional Canadian exports to the US Midwest as Watford City hub prices fall to nearly $2/MMBtu. Receive daily email Continue Reading
Decade of efficiency gains deliver the most commercial wells in US shale’s history
An overwhelming amount of attention has been paid to the US tight oil industry’s financial wellbeing following the unprecedented Covid-19-induced downturn of 2020, while the aspect of operational efficiency gains Continue Reading
The Permian Faces An Empty Pipeline Crisis
Just a few short years ago, the United States was producing more shale oil than ever , pumping as much and as quickly as they could to keep up with Continue Reading
US oil drillers ‘dying on the vine’ as PE flight prompts funding drought
A vital source of funding for the US oil sector is drying up as private investors retreat, prompting stricken operators to make “last gasp” efforts to boost production and cash Continue Reading
US oil, gas rig count leaps 13 to 541 as private E&Ps add rigs: Enverus
Highlights Oil drilling accounts for nationwide gain Permian teeter-totters, adding 1 rig for 236 Private E&Ps pick up 7 rigs in week The US oil and gas rig count leaped Continue Reading
The World Still Needs Hundreds Of Billions Of Barrels Of Oil
Has peak oil demand already come and gone? That’s an exceptionally hard question to answer. There are some experts that say unequivocally, yes. They claim that peak oil is already Continue Reading
Pioneer Chief Warns of OPEC+ Price War Risk
U.S. shale producers risk another oil-price war with OPEC and its allies if they resume the breakneck production growth of the last decade, according to Pioneer Natural Resources Co. Shale, Continue Reading
The Permian Will Never Face A Pipeline Shortage Again
Just three years ago, the Permian shale oil boom was under threat: production was growing fast, but pipeline capacity wasn’t. At one point , over one two-week period, eight of Continue Reading