US oil, gas rig count continues to climb as prices remain high: Enverus
Active rig counts in US basins continue to grow with operators adding 11 for the week ending March 16 and 75 year to date, Enverus data showed, as the war Continue Reading
A Slew Of Deals Is Creating Mini Oil Majors In The Shale Patch
Upstream M&A deal flow could hit the highest in years in 2022 if commodity prices hold steady. Companies like Continental Resources, Pioneer Natural Resources, Diamondback Energy, Devon Energy, and EQT Continue Reading
Permian oil output forecast to hit record high in April -EIA
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 70,000 barrels per day (bpd) to a record 5.208 million Continue Reading
US shale oil production growth revised downward, natural gas outlook rises: EIA
Permian oil volumes hitting record highs Natural gas growth outpacing crude DUC count continues to deplete The US shale oil production forecast was revised downward in March by 116,000 b/d, Continue Reading
U.S. drillers add oil and gas rigs for ninth time in 10 weeks -Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for the ninth time in 10 weeks after Russia’s invasion of Ukraine drove crude prices to their highest since Continue Reading
US oil, gas rig count up 10 to 770; Eagle Ford, SCOOP-STACK at 2-year highs: Enverus
Eagle Ford at 67 rigs, up 4 on week SCOOP-STACK rises by 2 to 45 US production likely won’t grow quickly The US oil and gas rig count jumped by Continue Reading
$110 Oil Prompts Private Shale Firms To Open The Taps
Big public shale drillers aren’t rushing to boost production following the pandemic. Small, privately held shale drillers are increasingly drilling activity as they see a chance to significantly ramp up Continue Reading
U.S. oil rig count falls even as prices rally to decade-highs -Baker Hughes
U.S. energy firms this week cut the number oil rigs even as Russia’s invasion of Ukraine drove crude prices to their highest since 2008. U.S. oil rigs fell three to Continue Reading
US oil, gas rig count up 4 on week, Permian totals continue to inch higher: Enverus
Permian now numbers 320 rigs, up 4 Basin is still 100-plus off pre-pandemic highs Inflation bites into drilling, completion budgets The US oil and gas rig count grew four in Continue Reading
High Oil Prices Aren’t Enough To Tempt Shale Producers
America’s shale industry is looking to ramp up production, but it is facing two major hurdles that could curb its trajectory. Supply chain issues, runaway inflation and a growing labor Continue Reading