Shale Growth Constrained By Supply Chain Bottlenecks
The U.S. shale industry is racing to ramp up production, “but it won’t be quick.” Supply chain bottlenecks are putting a cap on short term output growth. At this rate, Continue Reading
Bankruptcy Fears Turn Into Merger Mania In U.S. Oil Patch
Last year, bankruptcies in the U.S. shale patch hit record levels. Now, dozens of companies have been successfully emerging from Chapter 11 bankruptcy protection, with M&A their preferred modus operandi. Continue Reading
What Is Holding U.S. Oil Production Back?
Oil prices are sitting well above the $100 mark and show no sign of falling back any time soon, but that doesn’t mean that a wave of new production will Continue Reading
You can’t just turn on the taps’: bottlenecks hit hopes of US oil output surge
Shortages of staff and supplies are weighing on the recovery of US oilfields, derailing hopes that Texas drillers could unleash gushers of crude to help bring soaring global prices under Continue Reading
U.S. Oil Rig Count Rises But Production Lags Behind
The number of total active drilling rigs in the United States rose by 7 this week, as WTI trades at more than $113 per barrel. The total rig count increased Continue Reading
What Oil Price Do Cos Need to Profitably Drill in USA?
The West Texas Intermediate (WTI) oil price companies need to profitably drill a new well in the U.S. is increasing, according to the Dallas Fed Energy Survey. In the organization’s Continue Reading
Methane Leaks Plague New Mexico Oil and Gas Wells
Startlingly large amounts of methane are leaking from wells and pipelines in New Mexico, according to a new analysis of aerial data, suggesting that the oil and gas industry may Continue Reading
US oil, gas rig count drops one to 780 on week; Eagle Ford growth strongest: Enverus
Highlights Eagle Ford count is 68 for the week, up 2 Total rig count sees first loss since end-2021 Pace of rig adds in 2022 at about 20/month The US Continue Reading
U.S. oil rigs down despite $100/bbl crude prices -Baker Hughes
U.S. energy firms this week reduced the number of oil rigs active in the United States even as crude prices continued to trade over $100 a barrel after Russia’s invasion Continue Reading
The Real Reason U.S. Oil Producers Are Exercising Caution
Sky-high oil prices have left both America’s oil industry and its President pointing fingers at one another. Biden has repeatedly called on the oil industry to increase production, but the Continue Reading