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Category: Oil Supply

Category:
  • Shale Oil

Harris’s Fracking Record Scares Big Oil But Attracts the Left

Less than two hours after Kamala Harris was named Joe Biden’s running mate, President Donald Trump had cast the California Democrat as an oil industry and fracking foe. “She is against Continue Reading

Posted On : 15 Aug 2020 Published By : Tom Whipple
Category:
  • Shale Oil

U.S. Oil Rig Count Falls Despite Stabilizing Crude Prices

Baker Hughes reported on Friday that the number of combined oil and gas rig count in the US fell yet again this week by 3, to 244, as the pandemic Continue Reading

Posted On : 15 Aug 2020 Published By : Tom Whipple
Category:
  • Shale Oil

ExxonMobil, Enterprise still adding to massive Permian crude pipeline glut

The embattled, but resilient Permian Basin quickly evolved from a glut of oil to a glut of excess pipeline capacity as the coronavirus pandemic crippled global demand, and new long-haul Continue Reading

Posted On : 15 Aug 2020 Published By : Tom Whipple
Category:
  • Shale Oil

North Dakota warns of prolonged oil, gas downturn after summer output recovery

North Dakota oil and natural gas production increased slightly in June, marking the end of a three-month free fall as the state lost drilling rigs and crews in response to Continue Reading

Posted On : 15 Aug 2020 Published By : Tom Whipple
Category:
  • Shale Oil
  • USA

US ELECTIONS: Independent producers ponder effects of a Biden administration

Independent oil and gas producers did not have the best relationship with the Obama administration, but most industry executives seem uncertain about what effect a victory for former Vice President Continue Reading

Posted On : 14 Aug 2020 Published By : Tom Whipple
Category:
  • Offshore
  • Wind

U.S. Offshore Wind Industry To See Explosive Growth

Offshore wind has the potential to become a major industry in the United States over the next decade, unlocking billions of U.S. dollars of investment and creating thousands of jobs. Continue Reading

Posted On : 14 Aug 2020 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Few oil and gas companies are grabbing for the Fed’s Main Street lifeline

It was once seen as a potential lifeline to oil and gas companies struck hard by the coronavirus pandemic. But not many of them are grabbing it. Neither banks nor businesses Continue Reading

Posted On : 14 Aug 2020 Published By : Tom Whipple
Category:
  • Oil Supply
  • USA

Summary of Weekly Petroleum Data for the week ending August 7, 2020

U.S. crude oil refinery inputs averaged 14.7 million barrels per day during the week ending August 7, 2020 which was 21,000 barrels per day more than the previous week’s average. Continue Reading

Posted On : 13 Aug 2020 Published By : Tom Whipple
Category:
  • coronavirus
  • Shale Oil

How COVID Relief Saved Texas Shale Jobs

Four months ago, Congress approved the ambitious and unprecedented Paycheck Protection Program (PPP) as part of the $2 trillion pandemic rescue package, and now we’re starting to see the benefits Continue Reading

Posted On : 13 Aug 2020 Published By : Tom Whipple
Category:
  • Shale Oil

Oilfield Service Companies Are Bailing On The Permian

The United States shale revolution didn’t just transform West Texas, and it didn’t just transform the energy sector, and it didn’t just transform the entire U.S. economy. It was a Continue Reading

Posted On : 13 Aug 2020 Published By : Tom Whipple

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