Robert Rapier: The U.S. Oil Supply Is Still Out Of Balance
You may find it curious that the price of oil is still above $80 a barrel. This is also why gasoline prices are at the highest levels since 2014. But, Continue Reading
Unchecked Oil and Gas Wastewater Threatens California Groundwater
Fracking fluid and oil wastewater are dumped into an unlined pit located right up against the Petroleum Highway in Kern County, California. Credit: Sarah Craig/Faces of Fracking California has a Continue Reading
Schlumberger beats Q3 profit estimates as oilfield activity recovers
Top oilfield firm Schlumberger NV (SLB.N) reported third-quarter profit which beat Wall Street estimates on Friday and echoed a rival’s forecast for a 20% increase in North American spending next Continue Reading
U.S. oil & gas rig count falls for first week in seven -Baker Hughes
U.S. energy firms this week cut oil and natural gas rigs for the first time in seven weeks even as oil prices rose to fresh seven-year highs. The U.S. oil Continue Reading
Light Texas Crude Oil Is Attracting More Buyers Ahead of a Winter Fuel Pinch
One type of crude from America’s most prolific shale patch is having its moment, riding on the coattails of the global winter fuels crunch that has caused massive price rallies. Continue Reading
U.S. Oil Rig Count Slips For The First Time In Six Weeks
The number of oil and gas rigs in the United States fell by 1 this week The total rig count is now at 542, up 255 from this time last Continue Reading
Why Are Private Equity Firms Dumping U.S. Shale Gas Assets?
Private equity firms are selling their assets and operations in U.S. shale plays to take advantage of soaring gas prices, Reuters has reported , noting the Haynesville play alone has Continue Reading
U.S. Stockpiles In Cushing Reaching Historically Worrying Levels
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that Continue Reading
U.S. Oil Hub Emptying to Levels Last Seen When Crude Cost $100
Stockpiles at the biggest U.S. crude depot are quickly approaching critically low levels. The last time that happened, crude cost more than $100 a barrel. The storage tanks in Cushing, Continue Reading
U.S. takes step toward oil and gas auction off Alaska coast next year
The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year. Continue Reading