The World’s Largest Battery To Power The Permian
Borden County, Texas, is set to become the home of the world’s largest battery storage system in 2021. IP Juno, a unit of Intersect Power LLC, has recently outlined plans Continue Reading
U.S. shale oil output to hit record 8.4 million bpd in March: EIA
U.S. oil output from seven major shale formations is expected to rise 84,000 barrels per day (bpd) in March to a record of about 8.4 million bpd, the U.S. Energy Continue Reading
The Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
The 30 Most Exciting Wildcat Plays Of 2019
After years of budget cuts, oil and gas companies are finally stepping up their exploration game. Several wildcat wells planned for 2019 have the potential to be “elephant” finds, according Continue Reading
Devon Energy beats production estimates in fourth quarter
Oil and gas producer Devon Energy Corp beat quarterly production estimates on Tuesday on the strength of its U.S. shale assets and forecast a strong year ahead, sending its shares Continue Reading
EXXONMOBIL U.S. OIL & GAS FINANCIAL TRAIN-WRECK: Producing Shale Is Destroying Its Bottom Line
The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s Continue Reading
Europe feels strain from tighter sour crude oil market
European refiners are feeling the pinch from purchasing sour crude grades at higher prices, hurting already weakening refining margins as US sanctions upend traditional trade flows into the region. Refineries Continue Reading
The Biggest Problem Behind The U.S. Shale Boom
U.S. shale production is expected to continue to soar well into the 2020s. And that is a major problem. Over the past decade, U.S. oil production has more than doubled, Continue Reading
U.S. drillers add oil rigs for second week in a row: Baker Hughes
U.S. energy firms this week increased the number of oil rigs operating for a second week in a row amid concerns that crude supplies will swamp global demand as U.S. Continue Reading
US Drillers See Modest Rise In Oil Rigs As Prices Hold
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading