U.S. gets $87 million for oil and gas leases in sage grouse habitat
The U.S. government received bids for about 70 percent of the land it offered at a large oil and gas lease sale in Wyoming last week, held over the protests Continue Reading
Global Oil & Gas Drilling Set To Surge In 2019
After the recovery in global oil and gas drilling seen in 2018, this year the pace of drilling growth around the world is set to step up, albeit moderately, analysts Continue Reading
Shale Companies, Adding Ever More Wells, Threaten Future of U.S. Oil Boom
Shale companies’ strategy to supercharge oil and gas production by drilling thousands of new wells more closely together is turning out to be a bust. What’s more, the approach is Continue Reading
OPEC Chief: U.S. Shale Helped Avert Total Chaos In Oil Markets
The U.S. shale revolution helped avert a “major, major energy chaos” in the world, OPEC’s Secretary General Mohammed Barkindo said in a somewhat puzzling interview with CNBC this week. Barkindo Continue Reading
U.S. holds major oil and gas lease sale in sage grouse habitat
The U.S. government kicked off a major sale of oil and gas leases in Wyoming this week after rejecting protests over lands on offer that are considered critical areas for Continue Reading
U.S. Oil Rig Count Falls As Prices Slide
The the number of active oil and gas rigs fell in the United States again this week according to Baker Hughes, despite record-breaking production for the week ending February 22—the Continue Reading
US Shale Operators Cut CAPEX, Up Production
Analysis from Rystad Energy reveals a boost in production and a decrease in capital spending for U.S. shale companies in 2019. For U.S. shale companies, 2019 will see a boost Continue Reading
U.S. oil rig counts falls to lowest since May 2018: Baker Hughes
U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite Continue Reading
U.S. crude oil output falls in Dec. for first time since May: EIA
U.S. crude oil production edged lower in December to 11.85 million barrels per day, posting its first decline since May, the U.S. Energy Information Administration said in a monthly report Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending February 22, 2019 U.S. crude oil refinery inputs averaged 15.9 million barrels per day during the week ending February 22, 2019, Continue Reading