We Can’t Stop Drilling for Oil, BP Says
You’ve seen the news headlines about global warming and how carbon-based fuels like oil are a huge piece of the problem. That’s not hyperbole. That’s scientific fact. If environmentalists had Continue Reading
U.S. crude output growth could slow as shale revolution loses momentum
NEW YORK (Reuters) – After Texas pushed the United States over the last decade to become the world’s biggest oil producer last year, the heart of the shale revolution is Continue Reading
U.S. drillers add oil rigs for first week in seven: Baker Hughes
(Reuters) – U.S. energy firms this week increased the number of oil rigs operating for the first time in seven weeks after oil futures soared nearly 40 percent this year. Continue Reading
Sharp Rise In Rig Count Pressures Oil Prices
The the number of active oil and gas rigs rose by 19 after two weeks of big losses in the United States this week according to Baker Hughes, in a Continue Reading
US Adds 19 Oil, Gas Rigs
The U.S. added 15 oil rigs and four gas rigs for a net gain of 19 rigs this week, BHGE reports. After six consecutive weeks of declines, the U.S. finally Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending March 29, 2019 U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending March 29, 2019, Continue Reading
Value of U.S. oil deals plunges 93 percent in first quarter as investors demand higher returns
HOUSTON (Reuters) – The value of U.S. oil and gas mergers and acquisitions fell to a 10-year low in the first quarter, according to data released on Thursday, as investors Continue Reading
US M&A Deal Value Hits 10-Year Low in 1Q 2019
The value of U.S. mergers and acquisitions deals plunged to a 10-year low in the first quarter of 2019, Drillinginfo reveals. The value of U.S. mergers and acquisitions (M&A) deals Continue Reading
Jones Energy Files for Chapter 11 Bankruptcy
Austin, TX-based independent energy company has entered a restructuring agreement with plans to officially file for bankruptcy later this month. U.S. independent Jones Energy, Inc. entered into a restructuring support Continue Reading
The World’s Cheapest Natural Gas
Natural gas prices fell into record negative territory in the Permian basin, dragged down by booming oil production and a limited ability to move gas out of the region. Unlike Continue Reading