Oil Rig Count Inches Higher Amid Price Plunge
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 1 to 181. The total number of active oil and gas rigs increased Continue Reading
Investment Giants Urge Texas to End Most Natural Gas Flaring
Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly Continue Reading
The Post-COVID ‘Great Reset’ Won’t Be Fueled By Renewables
It seems like a reset of an economy should work like a reset of your computer: Turn it off and turn it back on again; most problems should be fixed. Continue Reading
US Gulf of Mexico operators slowly continue to restore oil, gas output from storm shut-ins
US Gulf of Mexico oil and gas operators continue to restore oil and natural gas output, albeit slowly, from platforms temporarily brought offline prior to Hurricane Laura which slammed the Continue Reading
US oil, gas rig count rises by three to 285 heading into last trimester of 2020
The US oil and natural gas rig count rose by three on the week to 285, rig data provider Enverus said Sept. 3, as the final trimester of the year Continue Reading
US Gulf of Mexico operators continue to restore oil, gas output from storm shut-ins
US Gulf of Mexico upstream operators continued to restore oil and natural gas production Sept. 2 from shut-ins prior to Hurricane Laura lashing the prolific producing region last week, including Continue Reading
Why No One Is Buying Up Shale Assets
Since the start of the year, 57 oil production and oilfield services companies have filed for Chapter 11 bankruptcy protection. Many more bankruptcies are on the way, all in the Continue Reading
US June Oil Production Rebounds
All of the oil (C + C) production data for the US states comes from the EIAʼs Petroleum Supply monthly PSM . After the production charts, an analysis of three Continue Reading
Analysis: Sputtering Permian Basin gas production lifts Waha cash, forward prices
An early-summer rebound in Permian Basin gas production has definitively stalled out in recent weeks as drilling, well completions and rig counts across West Texas hit multiyear lows. Receive daily Continue Reading
Shale Loses Another Global Giant After Schlumberger’s Frack Sale
Schlumberger has become the biggest oil-service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs. The provider Continue Reading