Higher oil prices are helping many American shale drillers. But they are hurting companies that frack for natural gas. As companies respond to rising oil prices by drilling more for Continue Reading
The bottlenecks in the Permian have created a widening chasm between not just Brent and WTI, but also WTI in Cushing or Houston and prices fetched for oil in the Continue Reading
Rigzone highlights some of the upcoming challenges for oil and gas firms in the Permian. The “clear challenge” producers of oil and natural gas in the Permian Basin will face Continue Reading
With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan – sell undeveloped or less essential fields and invest the money to Continue Reading
Over the past five years, U.S. shale production has seen strong and continuous gains in productivity as improvements were made in fracking technology and general know-how, but the most recent Continue Reading
While many analysts and agencies have already called the end of the global oil glut, oil held in floating storage in Europe is at an at least 18-month-high, also due Continue Reading
Permian Basin operators have been raising more rigs and ramping up completions of late, but persistent water issues could be a material risk to future profitability and production, according to Continue Reading
A battle is playing out in Midland, TX between employee-starved local businesses and multinational energy companies who are poaching local residents left and right for high-paying jobs as the latest Continue Reading
Energy dominance carries its own backlash, it turns out. Ground zero is the Permian basin in west Texas, where oil production has run ahead of pipeline capacity to get it Continue Reading
The Permania, as someone called the oil industry and private equity rush to West Texas and New Mexico, has begun to take its toll on all those investors that saw Continue Reading
