Rig Count Falls Falls Amid Stellar Decline In US Oil Production
The US oil and gas rig count fell by 8 this week, according to Baker Hughes, adding to months of losses, as US oil production falls to lowest levels since Continue Reading
US Drops Eight Oil, Gas Rigs
The U.S. dropped five oil rigs and three gas rigs for a net loss of eight rigs this week. The U.S. dropped five oil rigs this week and three gas Continue Reading
Deepwater GOM Pipeline System Starts Up
Williams has acquired and placed into service the Norphlet deepwater gas gathering system. Williams reported Wednesday afternoon that it has acquired and placed into service the 16-inch Norphlet deepwater gathering Continue Reading
Oilfield service firms offer grim outlook for second half of year
U.S. shale producers are poised to further trim spending this year, executives at companies that provide drilling and hydraulic fracturing services warned this week, as several took steps to idle Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending July 19, 2019 U.S. crude oil refinery inputs averaged 17.0 million barrels per day during the week ending July 19, 2019, Continue Reading
US Tight Oil Legacy Decline and US Tight Oil Scenarios
US tight oil legacy decline can be estimated by assuming no future tight oil completions in the various US tight oil basins. The charts below illustrate such an estimate for Continue Reading
Shale Drilling’s Worst Yet to Come
America’s biggest owner of drilling rigs fell the most in seven months after the chief of Helmerich & Payne Inc. said he called the bottom too soon. (Bloomberg) — America’s Continue Reading
Crude oil futures stable after IEA reports on emergency stocks
Crude oil futures were largely stable during mid-morning trade in Asia Tuesday as reports on the availability of emergency stocks eased supply concerns stemming from geopolitical tensions in the Middle Continue Reading
Permian Fracking Activity Underreported in 2018
Operators in the Permian have been failing to report the completion of some oil wells, according to one data analytics company. Hydraulic fracturing (fracking) activity was underreported by 21 percent Continue Reading
Halliburton’s Profits Take a Hit in 2Q
Halliburton’s second quarter earnings are a mixed bag as the oilfield services company sees profits plummet while international operations increase revenues. Halliburton Company saw its second quarter profits take a Continue Reading