Rig Count Falls For Seventh Straight Week
The US oil and gas rig count fell for the seventh week in a row this week, decreasing by 5, according to Baker Hughes, but US oil companies are still Continue Reading
More Than 50% Of The Mighty Permian’s 2018 Oil Production Has Vaporized
As dark clouds gather on the financial horizon, big trouble is brewing in the U.S. Shale Oil Industry. While most Americans are focused on the Mainstream media’s coverage of the Continue Reading
New Permian Oil Pipelines Don’t Deliver Quick Export Boost
Newly commissioned Permian Basin crude pipelines have yet to boost U.S. crude exports, as the ongoing U.S-China trade war weighs on demand from Asia. The U.S. Census Bureau said exports Continue Reading
EP Energy Files for Chapter 11 Bankruptcy
U.S. oil and gas producer EP Energy Corporation is the latest in a number of energy companies who have filed for bankruptcy this year. U.S. oil and gas producer EP Continue Reading
US Rig Count Declines by Five
This week’s losses places the U.S.’ number of active rigs at 855. The U.S. shed three oil rigs and two gas rigs to total a net loss of five rigs Continue Reading
Chevron Vows To Cut Emissions As It Ramps Up Permian Production
Chevron Corporation on Thursday announced that it would curb its greenhouse gas emissions from its oil production, the company said on Thursday, as the climate pressure on oil majors intensify, Continue Reading
Oil Discoveries Hit 70-Year Low
The last three years has been the worst stretch of time in seventy years for new conventional oil discoveries. A new report from IHS Markit finds that conventional oil discoveries Continue Reading
Peak Oil Postponed… Again: US EIA International Energy Outlook
The U.S. Department Of Energy Says More Oil, More Natural Gas Numerous energy headlines from this past week alone caught my attention. They perfectly illustrate the massive scale of investment Continue Reading
Permian Methane Mystery Center of Green Group’s Study
The Permian Basin in Texas and New Mexico is dotted with drilling rigs, crisscrossed by pipelines and produces far more oil than any other part of the U.S. Yet its Continue Reading
False Optimism In Oil Won’t Last
News that U.S. production fell in July has counteracted trade war fears, but it is highly likely that July’s dip in production was due to hurricane outages Chart of the Continue Reading