US Adds Four Oil Rigs
The U.S. adds four oil rigs and drops four gas rigs to flatten the rig count for the week. The U.S. added four oil rigs this week, according to data Continue Reading
North Dakota oil output growth to improve moderately on OPEC+ cuts: state regulator
Without cuts, Bakken crude would have flat-lined North Dakota oil output was at record 1.52 million b/d in October State claims Bakken breakevens are $12/b, analysts disagree Washington — The Continue Reading
Permian Drillers Are Struggling To Keep Output Flat
Newer wells in the Permian see their oil and gas production declining much faster than older wells, and operators will need to drill a large number of wells just to Continue Reading
“Base Decline” Rate of Oil and Gas Output in Permian Basin has Increased Dramatically Because of Recent Growth; Operators Must Drill More Wells to Maintain Production Levels, IHS Markit Says
Oil and gas operators in the Permian Basin, the most prolific hydrocarbon resource basin in North America, will have to drill substantially more wells just to maintain current production levels Continue Reading
Can Argentina Replicate The U.S. Shale Boom?
Drillers in Argentina have sought for years to replicate the success of the U.S. shale boom in its huge oil and gas deposits in the Vaca Muerta shale play. The Continue Reading
Argentina’s Shale Boom Hits New Milestone
YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca Muerta shale play, S&P Global Continue Reading
Argentina’s YPF drills Vaca Muerta’s longest horizontal well
Argentina’s YPF has drilled the longest horizontal well to date in the oil window of Vaca Muerta, where the state-backed energy company is focusing its investment for oil and natural Continue Reading
US Loses Thousands of Upstream Jobs in November
The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics (BLS). The BLS, which categorizes Continue Reading
Halliburton Confirms More Layoffs in Oklahoma
Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma. Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing Continue Reading
Shale Has Delinked US Oil and Gas Prices
These two sources of energy are intrinsically linked, and together supply over 60 percent of U.S. and global energy. The relationship between crude oil (WTI) and natural gas (Henry Hub) Continue Reading