Democrats Divided On Potential Drilling Ban
While the top Democratic presidential contenders call for a ban on new drilling on federal land , Democrats in power in some of the western oil states argue that it Continue Reading
US Rig Count Drops by Eight
The nation dropped five oil rigs and three gas rigs for a net loss of eight rigs, according to weekly data from Baker Hughes Co. The U.S. rig count has Continue Reading
Weatherford Reports $821MM 3Q Loss
Struggling oilfield services company Weatherford International had a loss of $821 million in third quarter of 2019. Struggling oilfield services company Weatherford International had a loss of $821 million in Continue Reading
Drilling ban proposals divide Democrats in U.S. oil states
In the southeast corner of New Mexico, new houses, hotels and jobs are sprouting like flowers in the desert. Trucks hauling equipment and laborers jam once-barren highways on the way Continue Reading
Is The Era Of U.S. Energy Dominance Already Over?
The global oil industry is a highly lucrative sector that is strongly influenced by geopolitical developments. As the Post-Cold War era comes to an end, a new status quo is Continue Reading
Will OPEC+ Declare War On U.S. Shale?
It’s that time of the year again, the final OPEC+ meeting of 2019 has been scheduled and is ready to take place in December. Geopolitical tensions in the Middle East Continue Reading
Frackers Scrap Idled Equipment Amid Shale Drilling Downturn
The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracking gear. (Bloomberg) — The downturn Continue Reading
Democrats Just Accidentally Sparked A Federal Fracking Boom
Eyeing more restrictions on drilling following the 2020 presidential election, some U.S. oil and gas companies may accelerate fracking on public lands over the next year. Concho Resources said that Continue Reading
Oil & Gas Earnings Set To Surpass Expectations
In the first look at a series of earnings reports in the energy sector from the third quarter, there is a bit of a mixed picture offered up on the Continue Reading
Permian Water Project Secures Financing
A pipeline project that would transport non-potable reclaimed water from Lubbock, Texas, to industrial customers in the Permian Basin has cleared an important hurdle. A pipeline project that would transport Continue Reading