US Drillers Add Rigs for Second Consecutive Week
The US added a net total of two rigs this week. The United States added three oil rigs and dropped one gas rig for a net gain of two rigs Continue Reading
BOEM Schedules Gulf Of Mexico Lease Sale For March
The Bureau of Land Management has scheduled a region-wide oil and gas lease sale for the Gulf of Mexico, in which it will offer a total 14,696 blocks spanning 78 Continue Reading
Drilling economics in North American liquids-rich plays lift oil price outlook
Permian IRRs up 8 percentage points, Bakken rises to 31% WTI rolling 12-month forward curve tops $56/b Gas IRRs see narrow gain amid stable forward prices Denver — Half-cycle internal Continue Reading
Rystad Energy: Three trends will sway shale growth in 2019
With US shale activity in 2019 beset by uncertainty, Rystad Energy identifies three trends for US light tight oil production that will have a profound impact on the evolution of Continue Reading
U.S. shale executives predict oil production constraints to remain
Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy Continue Reading
‘’Lower Your Costs, Or Die’’ Big Oil’s New Mantra
Fracking and the booming short-cycle shale production in the Permian have revolutionized not only U.S. crude oil production. The prolific shale basin in West Texas and New Mexico has also Continue Reading
U.S. crude inventories rise to highest in more than a year: EIA
U.S. crude oil inventories rose last week to the highest since November 2017 as refiners cut runs to the lowest since October 2017, the Energy Information Administration said on Wednesday. Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the week ending February 8, 2019 U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending February 8, 2019, Continue Reading
U.S. Gulf Coast crude prices rise on falling imports, rising Cushing supply
U.S. Gulf Coast crude prices climbed sharply this week after fog-related port closures slowed the nation’s crude imports and as supplies rose at the U.S. storage hub in Cushing, Oklahoma, Continue Reading
Top 10 US Shale Portfolios
Chevron holds the most valuable U.S. shale portfolio in terms of total net present value, according to Rystad Energy. Chevron holds the most valuable U.S. shale portfolio in terms of Continue Reading