Newly commissioned Permian Basin crude pipelines have yet to boost U.S. crude exports, as the ongoing U.S-China trade war weighs on demand from Asia. The U.S. Census Bureau said exports Continue Reading
U.S. oil and gas producer EP Energy Corporation is the latest in a number of energy companies who have filed for bankruptcy this year. U.S. oil and gas producer EP Continue Reading
This week’s losses places the U.S.’ number of active rigs at 855. The U.S. shed three oil rigs and two gas rigs to total a net loss of five rigs Continue Reading
Chevron Corporation on Thursday announced that it would curb its greenhouse gas emissions from its oil production, the company said on Thursday, as the climate pressure on oil majors intensify, Continue Reading
The Permian Basin in Texas and New Mexico is dotted with drilling rigs, crisscrossed by pipelines and produces far more oil than any other part of the U.S. Yet its Continue Reading
U.S. oil production fell in July, another worrying sign for the shale industry. The latest EIA data shows that oil output fell sharply in July, dipping by 276,000 barrels per Continue Reading
State energy giant PetroChina has announced new additions of almost 741 billion cubic meters to its shale gas reserves in the Sichuan province as well as certified reserves of 358 Continue Reading
Productivity gains have caused record production, falling prices and a year-long decline in drilling and well completions. U.S. rig numbers at have fallen to their lowest since February 2018. According Continue Reading
Unlike several years ago, when shale production fell due to a global price collapse, the slowdown this year is driven partly by core operational issues, including wells producing less than Continue Reading
Despite years of burning through cash, and the deep sense of anxiety within the shale industry itself, Goldman Sachs says the current down market represents a buying opportunity. Through August Continue Reading
