U.S. Rig Count Rises Along With Crude Prices
Oil-directed rigs rose 4 to 495. Oil production in the U.S. last week fell to 11.6 million bpd for week ending January 21 Gas-directed rigs were up by 2 to Continue Reading
Federal Judge Annuls Massive Gulf Of Mexico Lease Sale
Federal judge: Bureau of Ocean Energy Management broke the environmental law Plaintiffs, including the Sierra Club, Earthjustice, the Center for Biological Diversity, and Friends of the Earth, praised the ruling Continue Reading
Permian Super-Emitters Could Save $26 Million Per Year By Fixing Methane Leaks
30 oil and gas infrastructure facilities in the Permian have been large methane emitters over the past 3 years, according to a new study. The super-emitters could save tens of Continue Reading
Are America’s Drilling Hotspots Preparing For A Pivot To Renewables?
A new projection from the United States Energy Information Administration, however, shows a clear win for renewables in the coming years – and waning natural gas usage. The EIA expects Continue Reading
IEA ”Loses” 200 Million Barrels Of Crude Oil
There is a 200-million-barrel gap between the agency’s own global inventory calculations and what it observed in the global oil supply Wrong assumptions about demand were clearly one cause for Continue Reading
Texas weighs earthquake curbs on another 72 oil-related well permits
A new area under watch by the Texas oil regulator could impact wells responsible for disposing about 270,000 barrels per day of saltwater from oil and gas operations, according to Continue Reading
U.S. oil rig count falls for first time in 13 weeks -Baker Hughes
U.S. energy firms this week cut oil rigs for the first time in 13 weeks after crude prices fell for six weeks in a row from late October-early December. Oil Continue Reading
Column: Shrunken U.S. oil inventories point to chronic under-supply: Kemp
U.S. petroleum inventories have continued to slide over the last month and are well below their normal seasonal levels, which has helped push oil prices to their highest since 2014. Continue Reading
U.S. Fossil Fuel Production Set To Hit Record Highs In 2023
Fossil fuel production in the United States is set to hit record levels in 2023 due to increased efficiency and higher prices The combined production of coal, natural gas, and Continue Reading
U.S. Rig Count Climbs As Shale Prepares For Takeoff
The number of active drilling rigs in the United States rose by 3 this week, bringing the total rig count to 604, as oil prices linger just under 7-year highs. Continue Reading