BOEM Proposes New GOM Lease Sale
The Bureau of Ocean Energy Management is proposing to offer approximately 78.8 million acres in a new Gulf of Mexico lease sale. The Bureau of Ocean Energy Management (BOEM) has Continue Reading
Where Will Bakken Oil Go When Pipelines Run Dry?
The Dakota Access Pipeline is currently mired in a legal battle that has no definitive end in sight. Earlier this month, the extremely divisive pipeline that has been the subject Continue Reading
Global Oil Demand Is Bouncing Back
1. China gobbles up commodities – China imported roughly 13 mb/d of oil in June, a record high. – China also imported a record high 656,000 tons of copper last Continue Reading
U.S. Oil Rig Count Falls For Nineteenth Straight Week
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 5, to 253, marking the nineteenth straight loss in Continue Reading
North Dakota’s May oil output sinks 30% on month to 858,395 b/d
North Dakota oil and natural gas production saw its sharpest monthly drop on record in May, as low prices and weak demand continued to curb drilling activity while the looming Continue Reading
Baker Hughes Posts Lower US Rig Count
The U.S. rotary rig count fell by five over the past week. The U.S. rotary rig count fell by five over the past week to hit the 253-unit mark, Baker Continue Reading
Permian Crude Loads at New Coastal Terminal
Buckeye Partners, L.P.operations have begun at South Texas Gateway (STG), a new terminal in the Port of Corpus Christi that it owns with Phillips 66 Partners LP and Marathon Petroleum Continue Reading
U.S. Oil Production – Bakken Will Never Be The Same Again
Since 2017, Bakken has surprised to the upside. But with DAPL stuck in legal court battles and uncertainty around takeaway capacity continuing, Bakken’s production base will fall. Lower completion activity Continue Reading
Drilled Well Count Set to Hit 20-year Low
A Rystad Energy analysis projects the number of oil and gas wells drilled globally will approach 55,350 this year. A Rystad Energy analysis projects the number of oil and gas Continue Reading
US oil, gas rig count rises for first time in over 4 months, up 9 on week: Enverus
Highlights Oil rigs up by 10 to 202, gas rigs fall 1 to 86 Most large basins tick up one or two rigs But lower activity continues in the Permian Continue Reading