U.S. drillers add oil and gas rigs for 11th month -Baker Hughes
U.S. energy firms kept the number of oil and natural gas rigs unchanged this week but added rigs for an 11th month in a row as some drillers returned to Continue Reading
Oil Rig Count Falls As U.S. Drillers Exercise Caution
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States stayed the same this week, with the total rig count holding fast at Continue Reading
$70+ Oil Prompts Concerns in Oilfield Services
Here is a look back at oil and gas market hits and misses for the week ending June 25, 2021. (The views and opinions expressed in this article are those Continue Reading
USA Crude Hub Stocks Seen Falling to Historic Lows
Crude oil inventories in America’s largest storage hub could fall to historically low levels by the end of September as the demand rebound continues to outpace production. (Bloomberg) — Crude Continue Reading
U.S. Shale Eyes A $60 Billion Year
Oil execs and producers are historically pretty good at making money. Oil is a roller coaster of an economic sector, based on a boom-and-bust model. Bankruptcy and insolvency are not Continue Reading
Oil And Gas Companies Set For Record Free Cash Flow This Summer
With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF) Continue Reading
New Mexico Oil Output Recovers To Pre-Pandemic Levels
New Mexico has become the first major oil-producing state to see its production rate rebound to pre-pandemic levels, but according to legislative analysts cited by the AP, the situation remains Continue Reading
US oil, gas rig count jumps 10 to 577, amid more signs of oil demand recovery
Oil rigs, horizontal oil rigs up 16 each to 448/335 Bakken Shale gains four rigs, for total of 23 Upstream optimism may be greater than forecast The US oil and Continue Reading
Oil Edges Higher With Shrinking Stockpiles Tightening Market
Oil edged higher above $73 a barrel in New York as falling stockpiles in the U.S. and China added to bullish sentiment around the global demand recovery. Gasoline inventories in Continue Reading
Oil Climbs Higher On Bullish EIA Data
Oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 7.6 million barrels for the week to June 18. This compared with a Continue Reading