Is shale in late innings as Big Oil comes to bat?
The long-term viability of the U.S. shale boom is uncertain, but the world’s biggest oil companies are making big bets on its success as smaller firms struggle with debt and Continue Reading
U.S. oil rig count falls to lowest since April 2018: Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year, prompting Continue Reading
Exxon Hits the Brakes on $1.9B Project
Exxon Mobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline Continue Reading
US Has Fourth Straight Week of Rig Count Declines
The U.S. dropped one oil rig this week. The U.S. rig count declined, albeit slightly, this week according to weekly data from Baker Hughes, a GE Company. The nation’s oil Continue Reading
U.S. Interior official suggests Trump drilling proposal will include Atlantic: recording
The Trump administration is likely to open up portions of the Atlantic to oil and gas drilling despite opposition from East Coast states, a U.S. Interior Department official suggested in Continue Reading
Is shale in late innings as Big Oil comes to bat?
The long-term viability of the U.S. shale boom is uncertain, but the world’s biggest oil companies are making big bets on its success as smaller firms struggle with debt and Continue Reading
North Dakota’s production averages 1.402 million b/d in January, slightly off all-time high
North Dakota’s production for January averaged 1,402,402 b/d of oil, slightly missing the state’s record high set in December, the North Dakota Industrial Commission’s Department of Mineral Resources said Friday. Continue Reading
Was 2018 The Peak For Crude Oil Production?
The following OPEC charts were created with data from the OPEC Monthly Oil Market Report . All OPEC charts are through February 2019 and is in thousand barrels per day. Continue Reading
CERAWeek: Despite murmurs of problems, oil reigns in Houston
There were some murmurs spotlighted this week that the oil industry may be on borrowed time, at CERAWeek by IHS Markit, the energy megaconference in Houston. There was more talk of Continue Reading
Exxon Plans for $15 per Barrel Permian Costs
Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields. (Bloomberg) — Exxon Mobil Corp. plans to Continue Reading