The Shale Boom in the Permian Is Slowing Down
The promise of the Permian is shrinking. Producers in the nation’s oil-rich shale basins are dialing back growth plans in the face of a growing panoply of problems that’s killing Continue Reading
Oil & Gas Discoveries Rise In High-Risk Oil Frontiers
Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according Continue Reading
Intensifying storm shuts U.S. coastal refinery, adding to energy production losses
Threatened flooding from a tropical storm in the U.S. Gulf of Mexico that cut nearly a third of the region’s oil production has forced the shutdown of a coastal refinery, Continue Reading
US oil, gas rig count falls by 17 to 1,040 after holiday weekend:
Rig pattern still zigzags but becoming more settled US land rig visibility ‘murky’ before Q2 earnings start Permian falls six to 440 in biggest basin decline Houston — The US Continue Reading
Tropical Storm Barry shuts about half of Gulf of Mexico oil, gas output: US BSEE
US offshore drillers have shut 1 million b/d, or 53%, of Gulf of Mexico oil production and 1.2 Bcf/d, or 45%, of natural gas output as Tropical Storm Barry heads Continue Reading
U.S. oil companies slash Gulf of Mexico production as storm bears down
U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season Continue Reading
U.S. crude stocks fall nearly 10 million barrels: EIA
U.S. crude oil stockpiles fell by nearly 10 million barrels last week, far more than expected, as refineries processed the most crude oil since January, the Energy Information Administration said Continue Reading
A hurricane is forecast to strike Louisiana on Saturday with up to 18 inches of rain
Visible satellite loop over Invest 92L. (NASA) The National Hurricane Center is predicting the season’s first hurricane, to be named Barry, will develop over the Gulf of Mexico and strike Continue Reading
WoodMac: Permian Will Need Extra Oil Pipelines To Cope With Surging Output
Despite the ongoing rush to build oil pipelines to carry crude from the Permian to the Gulf Coast and an overbuild in the short-term, the fastest-growing U.S. shale play will Continue Reading
Gulf of Mexico drillers shutter 32% of oil production, 18% of gas output ahead of storm: US BSEE
US offshore drillers have shut-in 602,715 b/d of oil production, about 32% of the Gulf of Mexico’s total output, and 496 MMcf/d of natural gas output, or 18% of the Continue Reading