A Continental Resources production site in Oklahoma’s so-called Stack oil region. America’s oil and gas producers are still finding places where they can prosper even at today’s lower prices. Companies Continue Reading
Haynesville rig Oil prices dipped lower Friday afternoon on news that the U.S. oil rig count was up by nine this week, to a total of 325 rigs in what Continue Reading
Number of U.S. rigs targeting crude advanced by 9 to 325 Oil explorers put drilling rigs back to work in U.S. fields for only the second time this year as Continue Reading
U.S. crude stocks fell last week, though the decline was less than forecast, while gasoline and distillate stocks decreased, the Energy Information Administration said on Thursday. Crude inventories fell by Continue Reading
As an environmental group prepares to sue the state of Michigan over its anti-fracking effort, the state chamber of commerce said it beat the “fringe” effort. The Committee to Ban Continue Reading
Banks are increasingly requiring U.S. oil and gas companies to maintain minimum levels of liquidity, an unusual step that could help reduce the risk of being exposed to companies struggling Continue Reading
Bab El Mandeb Strait Tanker News reports appearing Sunday, of an attack on Shell and Agip pipelines in Nigeria, indicated that ongoing attacks by militant groups have caused that country’s Continue Reading
The shale revolution helped drive oil prices down to levels not seen in over a decade. Now, some analysts are wondering whether U.S. producers will be able to cap the Continue Reading
As crude prices plummeted last summer, Steve Pruett, chief executive of a small west Texas oilfield developer, idled a drilling rig, opting to pay $21,000 a day to store it Continue Reading
Oilfield equipment supplier National Oilwell Varco (NOV) is laying off 54 workers at its facility in Galena Park, near Houston, according to a letter to the Texas Workforce Commission. In Continue Reading
