Will The U.S Gas Glut Cap Oil Production?
A pipeline company is fighting the practice of flaring gas in Texas, threatening to slow the pace of oil production. Flaring gas has become an epidemic in Texas. Permian drillers Continue Reading
U.S. offshore oil production remains cut by 58%: U.S. government
More than half the daily crude production in the U.S. Gulf of Mexico remained offline on Tuesday in the wake of Hurricane Barry, the U.S. drilling regulator said, as most Continue Reading
Gulf Of Mexico Oil Production Restarts After Tropical Storm
After tropical storm Barry passed through the U.S. Gulf of Mexico and made landfall in Louisiana early on Saturday, oil and gas producers began on Monday to slowly restore oil Continue Reading
Number of financially distressed oil, gas companies increasing: S&P Ratings
Some companies may not escape financial trouble this year Receive daily email alerts, subscriber notes & personalize your experience. Register Now To lower costs, some companies have struck merger deals Continue Reading
North Dakota to ask federal agency to block Washington state’s crude-by-rail law
Law expected to disrupt 150,000-200,000 b/d of crude-by-rail movement Petition may start state, federal jurisdictional fight over crude transport Nearly 16 million barrels of Bakken crude shipped through Washington in Continue Reading
America’s Hottest Shale Play Is Waning
The engine of America’s shale boom is beginning to sputter. Slowing Growth The almost relentless thrust that has doubled crude output from the Permian Basin in three years is showing Continue Reading
No Quick Exit From Permian Oil for Private Equity
Private equity has been ramping up its investment in Permian Basin oil and natural gas production, but the old strategy of selling out after a few years is no more. Continue Reading
Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
Fracking Under Fire In California
Fracking for oil and gas in California is about to get a lot more difficult. Last week, California Governor Gavin Newsom sacked the state’s top oil regulator after the Desert Continue Reading
Barry Shuts in 69 Percent of GOM Oil Output
Approximately 69.08 percent of oil production in the Gulf of Mexico was shut in as of Monday due to Tropical Storm Barry. Approximately 69.08 percent of oil production in the Continue Reading