U.S. drillers add oil rigs for third consecutive week: Baker Hughes
U.S. energy companies added oil rigs for a third week in a row as energy firms follow through on plans to spend more on drilling this year with crude prices Continue Reading
GE’s Baker Hughes first-quarter profit tops view on oilfield services growth
General Electric Co’s Baker Hughes posted a quarterly profit that beat Wall Street estimates on Friday as improving oil prices prompted companies to ramp up oil and gas production. U.S. Continue Reading
Schlumberger sees growing supply challenges
The oil and gas industry may need a significant amount of new investments to offset a looming supply shortage, the head of oil services firm Schlumberger said. Companies like Schlumberger Continue Reading
Bottlenecks curb output for shale player Sanchez
Despite gains in its drilling program, U.S. shale player Sanchez Energy said first-quarter production was impacted by incidents outside of its control. Total first quarter production for the company averaged Continue Reading
Explorers Crank Rig Count Higher as US Crude Supplies Dwindle
Oil explorers deployed more U.S. rigs this week as increasingly tight crude supplies pushed prices to their highest since 2014. U.S. working oil rigs rose by five this week to Continue Reading
Oil-rich North Dakota expecting budget issues
Facing tariff headwinds, and despite its vast crude oil resources, North Dakota may have to cut back because of a shortage of general funds, the governor said. North Dakota is Continue Reading
Weekly Petroleum Status Report
Summary of Weekly Petroleum Data for the Week Ending April 13, 2018 U.S. crude oil refinery inputs averaged over 16.9 million barrels per day during the week ending April 13, Continue Reading
The Overlooked Implications Of The U.S. Shale Boom
One of the often-unsung aspects of the shale revolution that has taken place in the U.S.A. over the last few years, is the amount of natural gas that’s been produced. Continue Reading
A Crisis At The Heart Of U.S. Shale
The bottlenecks in the Permian are starting to capture the attention of the oil market, raising the prospect that U.S. shale production does not live up to the hype. The Continue Reading
The Secret of the Great American Fracking Bubble
In 2008, Aubrey McClendon was the highest paid Fortune 500 CEO in America, a title he earned taking home $112 million for running Chesapeake Energy. Later dubbed “The Shale King,” Continue Reading