US Oil Rig Count Inches Higher As Production Hits 13 Million Bpd
After a brutal week for oil prices courtesy of an outbreak of a deadly virus in China, Baker Hughes reported that the number of oil and gas rigs in the Continue Reading
Analysis: New Mexico’s portion of the Permian shows staying power
Producers in the New Mexico portion of the Permian Basin have shown resiliency amid depressed commodity prices and falling rig counts. Production out of the Permian’s Delaware sub-basin in New Continue Reading
Increased New Well Productivity Helped US Shale Growth In 2019
Rising productivity from new wells has driven U.S. shale production higher in recent years and higher in 2019, too, the Energy Information Administration (EIA) said on Friday. Last year, shale Continue Reading
The End Of A Dark Decade For Energy Commodities
Beaten-down commodity markets may be tempting investors to start adding the asset class to their portfolios as they seek to diversify even as the epic stock market bull run continues Continue Reading
Oil union in Argentina’s Vaca Muerta play calls off strike
Highlights Companies halt plans to fire workers Unions, producers to sit down for further talks Agreement comes as government seeks to improve investment conditions Buenos Aires — An oil union Continue Reading
China To Ramp Up Shale Gas Production At Home
Despite the fact that United States President Donald Trump declared a truce between the U.S. and China in their more-than-a-year-long trade war in Switzerland this week, we shouldn’t expect to Continue Reading
US crude stocks show counter-seasonal draw amid strong refinery demand
Highlights US crude stocks slip 400,000 barrels to 428.11 million barrels Refinery utilization at 90.5% of capacity, but crude inputs hold USGC product glut sparks interest in Jones Act vessel Continue Reading
US data: EIA says ethanol production falls sharply, but stocks show large build
US ethanol production averaged 1.049 million b/d for the week ended January 17, a 46,000 b/d decrease compared with the previous week but still up 18,000 b/d year on year, Continue Reading
US Oil Industry Made History in December
API contends it’s a win for US consumers. U.S. crude oil production and exports reached historic highs in the final month of 2019, the American Petroleum Institute (API) reported Thursday. Continue Reading
U.S. Shale Patch Sees Huge Jump In Bankruptcies
More than 200 oil and gas companies in North America have filed for bankruptcy since 2015, and the list of casualties could continue to climb this year. From 2015 through Continue Reading