The breakdown in OPEC+ negotiations for deeper output cuts in response to reduced oil demand stemming from the COVID-19 virus could send push oil prices below $40/b, causing US shale Continue Reading
Just as the coronavirus outbreak wreaks havoc on the oil market, Russia has spotted an opportunity to hurt rivals in the US shale patch. Moscow’s partner’s in Opec now are Continue Reading
Baker Hughes reported that the number of oil and gas rigs in the US rose this week by 3 to 793, with the total oil and gas rigs clocking in Continue Reading
It’s one of the first signs that the majors are throttling back on production in response to the recent price slump. (Bloomberg) — Exxon Mobil Corp. is slowing the pace Continue Reading
A gas flare burns in the Permian Basin area of Garden City, Texas. A member of the top energy regulator in Texas lost his place on November’s ballot to a Continue Reading
Kinder Morgan cannot be sure its proposal to build a third natural gas pipeline serving the Permian Basin will move forward amid challenges securing commercial support and volatile energy markets, Continue Reading
The sharp drop in the oil price since the coronavirus outbreak has left US shale producers hanging on for survival, and dependent on their big rivals in Opec to come Continue Reading
With West Texas Intermediate falling below $45 a barrel after the latest burst in coronavirus panic, U.S. shale oil and gas producers are feeling growing heat. Except for the Permian, Continue Reading
Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1 to 790, with the total oil and gas rigs clocking in Continue Reading
Goal to reach 36,000-38,000 boe/d in December Vista’s wells are performing among best in the play Flexibility is key for handling volatility in Argentina Buenos Aires — Vista Oil & Continue Reading
