Rig Count Slides At The Start Of The Year
2020 is starting off with two weeks of rig losses, according to Baker Hughes, with the US oil and gas rig count falling by 15 rigs for the week. The Continue Reading
US shale oil productivity growth expected to slow in some basins
The dramatic jump in productivity seen in the early days of the US shale oil boom may be waning, but is likely not over, according to analysts, who expect efficiencies, Continue Reading
Oil Producers Are Setting Billions of Dollars on Fire
Relatively clean and flexible, natural gas has been described as “the champagne of hydrocarbons.” Lately, though, energy companies are treating it about as sparingly as a team that just won Continue Reading
US Rig Count Continues its Decline
The U.S. dropped a total of 15 oil and gas rigs this week, according to data from Baker Hughes Company. The U.S. dropped a total of 15 rigs this week, Continue Reading
UAE’s Mazrouei says slowing US shale growth, easing trade tensions to boost oil market in 2020
Minister says ‘2020 will be very good’ Not worried about Russia’s OPEC+ commitment US producers facing financial challenges US shale production will be flat or even declining by 2021, and Continue Reading
Climate Watchdog Warns US Fracking Boom Leading to 30% Rise in Greenhouse Gas Emissions by 2025
Planet-heating pollution from the U.S. oil, gas, and petrochemical industries could rise about 30% by 2025 compared with 2018 because of additional drilling and 157 new or expanded projects “fueled Continue Reading
Apache to Close San Antonio Office, Cut Hundreds of Jobs
Apache Corp. is shuttering its San Antonio office, resulting in the layoffs of 272 employees, the company said in a notice sent to the Texas Workforce Commission this week. The Continue Reading
Permian Oil and Gas Employs 87,000 People in 2019
Direct oil and natural gas employment in the Permian basin totaled 87,603 people in 2019, according to a new report from TIPRO. Direct oil and natural gas employment in the Continue Reading
U.S. Oil Producers Slash Jobs To Cut Costs
Two major U.S. oil producers, Occidental Petroleum and Apache Corporation, have started slashing jobs this week as they look to cut costs in the slowdown of the U.S. shale production Continue Reading
PE Boss Says Shale Will Deliver Returns This Year
This is the year when shale drillers are finally going to deliver solid returns to investors that have grown weary of the industry’s decade-long cash burn, the head of explorer Continue Reading