EIA Sees Flat U.S. Crude Oil Production Through 2021
U.S. crude oil production is set to remain close to its current levels of around 11 million barrels per day (bpd) through the end of 2021, as new drilling activity Continue Reading
Drilling Productivity Report
NOTE: The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs and well completions. Continue Reading
Wyoming Becomes A Haven For The Super Rich As Its Oil Industry Crumbles
The great outdoors and the super tax-friendly policies in Wyoming are attracting a growing number of the ultra-wealthy to the Cowboy State in search of quiet scenic retreats from the Continue Reading
ANALYSIS: Cloudy outlook seen for US Gulf lease sale due to low oil prices, budgets
Uncertainties on both the timing of oil demand recovery from the coronavirus pandemic and the future actions of the incoming Joe Biden administration over permitting on federal lands present a Continue Reading
Why The Oil Industry Is Set To Thrive For Decades To Come
Modern innovation is helping the oil industry to keep up with the competition by cutting costs , addressing safety concerns, and incorporating better data analytics to continually improve upon existing Continue Reading
Oil Majors Aren’t Worried About A Biden Presidency
The U.S. oil and gas industry has been fretting about the implications of a Biden Presidency on the sector in view of Joe Biden’s energy plan to favor renewables development Continue Reading
U.S. Oil Rig Count Rises For The Eighth Week In A Row
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 236—the eighth week of oil rig additions. The total number of Continue Reading
The Oilfield Services Sector Is Showing Signs Of Recovery
The U.S. oilfield services sector added more than 6,400 new jobs last month. in the latest sign that things are beginning to look up for the embattled industry. There has Continue Reading
Baker Hughes Counts Show 15 More Rigs
The rotary rig counts for the US and Canada rose this past week. The rotary rig counts for the United States and Canada increased by a total of 15 this Continue Reading
Renting a Slice of U.S. Oil’s Hot Spot Is 70% Cheaper After Rout
The price to drill an acre of land in the biggest U.S. shale basin has tumbled amid the oil rout, creating conditions ripe for more mergers and acquisitions. Drilling rights Continue Reading