Oil Rig Count Falls For The First Time In 2 Months
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 5 to 231, ending eight weeks of increases to oil rigs in the Continue Reading
Baker Hughes Rig Counts Show US Decline
The overall US rotary rig count fell slightly this week. The overall U.S. rotary rig count dipped by two over the past week, falling to 310 units, Baker Hughes Co. Continue Reading
Biden’s proposed oil drilling ban may not be a hit with Democrats in New Mexico – The Washington Post
It’s one of Joe Biden’s boldest campaign pledges for tackling climate change. But it’s one that would have a big impact on a Democratic stronghold. New Mexico is waiting to Continue Reading
US oil, gas rig count rises by three on week to 382: Enverus
The US oil and natural gas rig count rose by three to 382, Enverus said Nov. 19, ahead of the Thanksgiving holiday week when drilling typically slows as upstream budgets Continue Reading
Peak Oil Never Went Away
Do you remember peak oil? It was all the rage a decade ago. Now, almost no one is talking about it. The funny thing is, the problem never went away. Continue Reading
Summary of Weekly Petroleum Data for the week ending November 13, 2020
Summary of Weekly Petroleum Data for the week ending November 13, 2020 U.S. crude oil imports averaged 5.3 million barrels per day last week, down by 245,000 barrels per day Continue Reading
GoM Summary Part V: Possible Futures
This analysis concerns C&C only. Natural gas production is low and steadily declining with few deep gas-condensate discoveries and the shallow dry gas fields at end of life. I don’t Continue Reading
American Deepwater Oil Exploration Isn’t Dead
In a move that came as a surprise to some, today’s oil and gas lease round in the U.S. Gulf of Mexico generated substantial interest on Wednesday. The sum of Continue Reading
Oil Crash Continues To Claim Bankruptcy Victims In U.S. Shale Patch
After a wave of bankruptcies in the third quarter, oil producers and oilfield services companies in the U.S. shale patch continued to file for protection from creditors at the start Continue Reading
How Much Oil and Gas Has Been Found in 2020?
Global conventional oil and gas discoveries already exceed eight billion barrels of oil equivalent, according to a new Rystad Energy analysis. Global conventional oil and gas discoveries already exceed eight Continue Reading