U.S. Fracking Activity To Hit Rock Bottom In May
The Covid-19 pandemic and the low oil-price environment it has created continues to affect global energy markets and activity levels by oil and gas producers. New fracking jobs in the Continue Reading
North Dakota Says Oil Recovery Will Be Slow Even as Wells Start
Producers are already restarting oil wells in North Dakota as prices come off record lows, but talk of a recovery is premature, said the state’s energy regulator. The historic price rout Continue Reading
US oil, gas rig count falls 29 to 369 in 9th straight week of double-digit drops: Enverus
The total US oil and gas rig count fell 29 to 369 on the week, rig data provider Enverus said Thursday, marking the ninth straight week of double-digit declines as Continue Reading
US Shut-Ins Could Reach 2MMBPD in June
Gross U.S. production cuts could reach two million barrels per day in June, according to Rystad Energy. Gross U.S. production cuts, including liquids, could reach two million barrels per day Continue Reading
Another 1,000 Texas Oil & Gas Jobs Vanish
While much of the United States—including Texas—is taking steps to reopen the economy, oil and gas jobs are still on a downward spiral, with oil and gas jobs in Texas Continue Reading
Is EIA Data Disguising A Disastrous Decline In U.S. Shale?
The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is Continue Reading
US Shut-Ins Could Reach 2MMBPD in June
Gross U.S. production cuts could reach two million barrels per day in June, according to Rystad Energy. Gross U.S. production cuts, including liquids, could reach two million barrels per day Continue Reading
Shale Drillers Are Already Reopening Wells, Pipe Giant Says
Some drillers in the biggest North American oil field are reopening wells shut in response to the pandemic-driven price collapse, according to pipeline giant Energy Transfer LP. In the Permian Basin’s Continue Reading
More Shale Giants Forced To Cut Production As Oil Price Crisis Persists
The big oil production curtailment in the U.S. shale patch continues as more companies announced on Monday output reductions to protect their balance sheets in the face of unsustainably low Continue Reading
What Will Follow The Biggest US Rig Count Collapse In History
The Covid-19 pandemic has caused the largest horizontal rig count collapse ever recorded in the US, a Rystad Energy analysis of Baker Hughes data shows. The total horizontal oil rig Continue Reading