Economist Karr Ingham shares the mid-year results from the Texas Petro Index and production is doing well. Six months ago, Texas was on the cusp of breaking oil production records Continue Reading
This is Part 2 of the World Energy Annual Report in 2018. This part of the Annual Report provides an updated analysis of world oil production and consumption, evaluates the Continue Reading
While everyone has been watching the Strait of Hormuz amid rising tension between the U.S. and Iran, a chokepoint on the other side of the Arabian Peninsula is now at Continue Reading
Rehab centers in Midland treat many oilfield professionals who are abusing drugs and alcohol. [Editor’s Note: This is the third installment in a three-part series exploring the working and living Continue Reading
While the U.S. reached a new record of 11 million barrels of oil production per day last week, the top five shale oil fields also suffered the highest monthly decline Continue Reading
The largest shale oil producer in the Permian spent $264 million more than they made from operations drilling 63 new wells in the Permian and only added a net 9,000 Continue Reading
BP Plc ( BP.L ) has agreed to buy U.S. shale oil and gas assets from global miner BHP Billiton ( BLT.L ) ( BHP.AX ) for $10.5 billion, expanding Continue Reading
BP BP -1.13% PLC will buy the bulk of BHP Billiton Ltd.’s BHP -1.03% U.S. onshore oil-and-gas unit for $10.5 billion, as the U.K. oil major rebuilds in the U.S. Continue Reading
Norway’s Equinor and the Canadian province Newfoundland and Labrador have agreed to develop a deepwater oil project off Canada’s eastern coasts that will cost US$5.2 billion ( C$6.8 billion ), Continue Reading
An official of the International Energy Agency said Tuesday that the U.S. can’t increase oil production significantly enough to lower prices this year, and will have to depend on the Continue Reading
