US Drillers Add Four Rigs
This week’s addition of oil rigs was offset by a decline in gas rigs. The U.S. added four oil rigs and dropped four gas rigs this week, according to weekly Continue Reading
Colorado county sets moratorium on new oil and gas drilling permits
Boulder County, Colorado, on Friday halted accepting new oil and gas drilling and seismic testing permits for nine months, the latest community in the state to enact measures aimed at Continue Reading
Oilfield firm Weatherford International files bankruptcy plan
Oilfield services firm Weatherford International on Friday filed a prepackaged restructuring plan with the U.S. Securities and Exchange Commission, according to a regulatory filing. The company, which has struggled under Continue Reading
Oil Rig Count Sees Small Rise Ahead Of OPEC Meeting
this week according to Baker Hughes, but the 4-rig decrease in the number of gas rigs was completely offset by an equal increase to the number of oil rigs. There Continue Reading
Exclusive: Plains’ Cactus II oil pipeline to begin line fill in a week – source
Plains All American Pipeline LP’s 670,000 barrel-per-day (bpd) Cactus II oil pipeline system from the Permian Basin to the Corpus Christi, Texas area will commence line fill within a week, Continue Reading
Shale Executive Sees “Another Round Of Bankruptcies” Looming
The recent downturn in oil prices forced a slowdown in the U.S. shale industry, and top executives appear to be gloomier than ever. According to a survey by the Dallas Continue Reading
US oil, gas rig count rises by 11 on week to 1,051: S&P Global Platts Analytics
The US oil and gas rig count rose by 11 week on week to 1,051, S&P Global Platts Analytics said Thursday, as the rig count continued a familiar seesaw pattern Continue Reading
Oil Industry Boosts Spending… But There’s A Catch
Oil prices have seesawed over the past few years, still far below the pre-2014 highs, but upstream spending is expected to continue to rise in the years ahead, according to Continue Reading
Is Argentina’s Shale Boom Finally Taking Off?
After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports Continue Reading
U.S. crude stocks slump nearly 13 million bbls as exports hit record high: EIA
U.S. crude oil stocks fell by nearly 13 million barrels last week, the most in nearly three years, as exports hit a record high, the Energy Information Administration said on Continue Reading