The Rig Count Collapse Continues Into The New Year
2020 is starting off with more rig losses, according to Baker Hughes, with the US oil and gas rig count falling by 9 rigs for the week. The total oil Continue Reading
Permian Pipeline Competition Heats Up
Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity. (Bloomberg) — It’s gone from a dearth to Continue Reading
US Rig Count Drops by Nine
The U.S. closed out the first week of the new year dropping a total of nine rigs, according to data from Baker Hughes Company. The number of oil rigs declined Continue Reading
Oil rally unlikely to tempt more US E&P spending in 2020, experts say
Oil prices are the highest they have been in months, but that likely will not tempt most US upstream companies into spending more for 2020, according to two US shale Continue Reading
U.S. shale producers to tap brakes in 2020 after years of rapid growth
Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the Continue Reading
Peak Oil Barrel » The Reported Death of Peak Oil Has Been Greatly Exaggerated
U.S. Oil Production Is Competing Against Decline All of the oil production data for the US states comes from the EIAʼs Petroleum Supply Monthly. In addition, information from other EIA offices Continue Reading
U.S. oil deals hit five-year high in 2019 on Occidental’s blockbuster Anadarko buy
The value of U.S. oil and gas mergers and acquisitions reached a five-year peak of $96 billion in 2019 on the back of competing bids for Anadarko Petroleum, energy data Continue Reading
Burn, Pay, Or Shut It Down: Three Evils For Permian Drillers
There was a time when natural gas was a welcomed byproduct of crude oil drilling, and drillers in the prolific Permian basin enjoyed this consolation prize–at least when natural gas Continue Reading
Energy Producers’ New Year’s Resolution: Pay the Tab for the Shale Drilling Bonanza
The bill is coming due for the shale industry’s price war with OPEC. North American oil-and-gas companies have more than $200 billion of debt maturing over the next four years, Continue Reading
Bigger oil looks set to have its day in US shale
The shale energy revolution was not a feat of Big Oil. Independent exploration and production companies run by little-known executives fracked their way to a stunning rise in US oil Continue Reading