Gas production in North Dakota’s Bakken Shale remains strong, but the inability to gather and process all the volumes led operators to flare nearly 17%, or 388 MMcf/d, of all Continue Reading
Highlights Permian rigs up by one to 486, highest since January 2015 In Q2, capex guidance rose more than production guidance ‘Vast majority’ of oil growth largely weighted to H2: Continue Reading
Baker Hughes reported no change to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs stayed at 1,057 , according to Continue Reading
North Dakota oil production dropped nearly 2 percent in June as producers scaled back activity, primarily to keep natural gas flaring from exceeding state limits, the state’s top oil regulator Continue Reading
U.S. energy companies kept the oil rig count unchanged this week amid a steady decline in crude prices, which hit a near two-month low earlier this week. The rig count, Continue Reading
U.S. crude oil inventories increased by an astonishing 6.8 million bbl last week, according to the Energy Information Administration. Builds of this size are unusual for the summer in light Continue Reading
Results from a U.S. auction for drilling rights in the Gulf of Mexico showed companies are willing to spend again, but expectations were low, experts said. An auction Wednesday for Continue Reading
Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil demand growth. On the supply Continue Reading
Oil futures fell more than $2 a barrel on Wednesday after data showed U.S. crude stockpiles jumped last week, compounding worries about a weaker global economic growth outlook. Brent crude Continue Reading
The oil and gas industry has been in recovery mode for at least a year now, and although the improvement in performance is clearly there, the pace of the recovery Continue Reading
