During the U.S. shale boom, fortune favored the bold drillers that discovered and pumped oil fastest. Today the winners are producers like Pioneer Natural Resources who best shielded themselves from Continue Reading
U.S. energy firms this week continued to cut the number of rigs drilling for oil to the lowest in nearly six years, data showed on Friday, suggesting drillers were preserving Continue Reading
Drillers in the U.S.’s second-biggest oil-producing state are throwing in the towel. The number of active oil rigs in North Dakota dropped to 49 today, the fewest since Aug. 2009, Continue Reading
North Dakota on Friday said crude-oil production rose slightly in November even as the state’s top energy official warned the output level is unsustainable at current prices. Oil production in Continue Reading
Bakken Production Bakken production was up by 5,166 barrels per day to 1,119,380 bpd While all North Dakt0a was up 5,195 bpd to 1,176,314 bpd. North Dakota production has been Continue Reading
Oklahoma has seen a dramatic uptick in earthquakes in recent years, and some residents refuse to sit idly by. On Monday, 14 residents of Edmond, Oklahoma filed a lawsuit against Continue Reading
Oil companies delayed making decisions on 68 major projects world-wide last year, accounting for some 27 billion barrels of oil and equivalent natural-gas volumes and bringing total 2015 deferred spending Continue Reading
The 2016 decline in global exploration and production spending projection will mark the second time in the industry’s history for a consecutive year drop, Barclays says. There’s a new oil Continue Reading
In the middle of 2014, oil traded for more than $100 a barrel . Today, it is below $35. Traditionally, there would be numerous positives from low oil prices, but Continue Reading
Energy groups have shelved nearly $400bn of spending on new oil and gas projects since the crude price collapse, pushing back millions of barrels a day in future output from Continue Reading
