Frac is Back
U.S. fracking is set for its first monthly rise this year, according to a new Rystad Energy analysis. U.S. fracking is set for its first monthly rise this year, according Continue Reading
World’s Largest Economies Are Still Spending Big On Oil & Gas
Spending on oil and gas, and coal is still higher among members of G20 than spending on renewable energy, a data update from the Energy Policy Tracker has revealed. Across Continue Reading
Banks Shun Loans To U.S. Shale Drillers
A growing number of banks are restricting access to funding to the U.S. shale industry in the wake of the oil price crash, although the aversion to lending more capital Continue Reading
Permian Leads Recovery As Frackers Ramp Up Activity After Oil Crash
The Covid-19 downturn has caused a shocking decline in new fracking operations in the US, with monthly numbers plunging to a bottom of just 325 wells in June. A Rystad Continue Reading
U.S. Shale Output Set For Another Slide As New Well Drilling Stalls
Despite the fact that U.S. shale producers have brought back a quarter of the output they had curtailed, production is set for a new slump after the summer as new Continue Reading
US Supreme Court decision looks to affect regulatory future across much of Oklahoma
Multiple issues could affect the future of Oklahoma natural gas and oil production, including a recent US Supreme Court ruling likely giving the state’s Native American tribes more control over Continue Reading
US oil, gas rig count grows by 6, Permian sees first rise since March: Enverus
The US oil and gas rig count rose by six to 294 on the week, rig data provider Enverus said July 23, marking the second consecutive week of increases after Continue Reading
Texas Regulators Ask Washington To Act Against Saudi Oil Dumping In U.S.
The federal government should take steps against Saudi Arabia and Russia’s dumping of oil on the American market during the Covid-19 crisis, the chairman of the Texas Railroad Commission has Continue Reading
The Permian Creates Task Force To Protect US Shale From Market Manipulation
The Odessa Development Corporation (ODC) launched this week ‘The Permian Fuels America’ task force to protect the U.S. industry from oil market manipulation initiated by other countries, convince refiners to Continue Reading
Halliburton Looks Beyond Shale As Fracking Remains Unprofitable
Way back in January (it’s been a long year) Hallburton was already souring on shale. Way before the novel coronavirus put the final nail in the coffin of the West Continue Reading