The Single Biggest Threat To U.S. Oil Jobs
When earlier this year Whiting Petroleum announced it would cut a third of its workforce, the news did not make a huge splash as it was lost among other cost-cutting Continue Reading
US oilmen struggle to fill roles due to immigration crackdown
Johnny Vega (left), the president and CEO of Mico Services, has equipment lying idle that could generate $700,000 per month because he says he cannot find enough workers. Reuters New Continue Reading
Drilling Productivity Report
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil Continue Reading
The Pipeline Lifeline For Texas Oil
Waterborne crude exports from Corpus Christi, TX, reached a record high of 11.379mn bbls, or 1.626mn bpd, in week ending September 27, buoyed by increased flows into the port from Continue Reading
Analysis: US crude inventories likely lower as refiners deep in maintenance
US crude inventories likely climbed last week as refiners were deep into fall maintenance, an S&P Global Platts analysis showed Tuesday. Analysts polled by Platts were looking for crude stocks Continue Reading
US Crude Exports Expected to Double by 2022
U.S. crude exports are expected to reach nearly six million bpd by 2022, according to Rystad Energy. The U.S. could see its crude oil exports nearly double by 2022, according Continue Reading
Oil & Gas Rig Count Rises For The First Time In Eight Weeks
The US oil and gas rig count rose for the first time in eight weeks, according to Baker Hughes, increasing by just 1 for the week, according to Baker Hughes, Continue Reading
Energy Firms in US 10th Dist. See Decreased Activity in 3Q
Oil and gas firms in the U.S.’ 10th District saw a moderate decrease in activity for the third quarter of 2019, according to results of the Kansas City Fed’s 3Q Continue Reading
Oil Giant Slashes Jobs Amid Shale Slowdown
Halliburton announced that it would lay off 650 workers across four U.S. states due to the slowdown in shale drilling. The oilfield services giant blamed “local market conditions” for slashing Continue Reading
Shale Wells ‘Riding the Edge’ of Profitability at Present Prices
U.S. shale oil plays are “riding the edge of profitability” at current prices and the industry faces a significant slowdown in fracking activity if crude falls below $50 a barrel Continue Reading