Rising oil prices have led to an increase in trucking of frac sand, water, oilfield equipment, pipes, and fuel in West Texas. Together with the higher truck traffic on a Continue Reading
Since late 2016 the financial media has been abuzz about what would likely be the biggest initial public offering (IPO) ever: The sale of 5 percent of the world’s largest Continue Reading
The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it’s fueling a subculture of drug and alcohol abuse among oil field workers. The Permian Continue Reading
“Higher prices and operational improvements are putting the US shale sector on track to achieve positive free cash flow in 2018 for the first time ever,” the International Energy Agency Continue Reading
In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP’s ( BP.L ) shale business turn a profit for the first time. Thousands of Continue Reading
Global discoveries of conventional oil and natural gas are seeing an exciting recovery with discovered resources already surpassing 4.5 billion boe in H1 2018, Rystad Energy analysis shows. The average Continue Reading
U.S. energy companies this week added oil rigs for the first time in the past three weeks as drillers follow through on plans to spend more on exploration and production Continue Reading
Oil and gas producers in Texas are doing more with less, but this has a negative side as companies need fewer workers on their payrolls, an economist said. Karr Ingham, Continue Reading
Inventories of distillate fuel, a category that includes both diesel and home heating oil, were 117.7 million barrels at the end of June, the lowest end-of-June level since 2004. Distillate Continue Reading
ExxonMobil’s oil-equivalent production averaged just below 3.65 million boe/d in Q2, down 7% from Q2 2017, while the company saw production in the Bakken and Permian surge by roughly 30% Continue Reading
