U.S. drillers add oil and gas rigs for fifth week in a row -Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since November as crude prices extended their rally Continue Reading
Cold Spell In Permian Sends Oil Prices Even Higher
Crude prices rallied on Friday morning as a result of small outages in America’s largest shale play and ongoing political tensions between Russia and Ukraine. As if explosions in Nigeria Continue Reading
U.S. Rig Count Rises For 15th Straight Week As WTI Nears $93
The number of active drilling rigs in the United States rose by 3 this week—the 15 th straight weekly increase to the number of oil and gas rigs in the Continue Reading
U.S. Shale Surge Should Worry Oil Markets, Conoco CEO Says
ConocoPhillips said traders should be worried about strong oil production growth coming out of the U.S. this year and in 2023, potentially echoing the supply surges of the past decade. Continue Reading
Oil Frackers Brace for End of the U.S. Shale Boom – WSJ
The end of the boom is in sight for America’s fracking companies. Less than 3½ years after the shale revolution made the U.S. the world’s largest oil producer, companies in the oil Continue Reading
The Next Big Problem For U.S. Shale
U.S. oil production growth picked up the pace in the fourth quarter. A big part of the higher capital spending in the U.S. oil industry will be because of cost Continue Reading
ExxonMobil sees US Permian production growing by over 25% in 2022, narrows capex range
Permian output was 460,000 boe/d in 2022 Capex for 2022 will be $21 billion-$24 billion 2022 production should be up about 2%: CEO ExxonMobil sees its US Permian Basin production Continue Reading
Expansion project looks to boost Bakken production, squeeze out Canadian exports
Highlights Could prove bullish in short term for AECO N.D. producers continue to lower flared volumes North Dakota gas production appears poised to grow with the approval of WBI’s North Continue Reading
Permian Average Well Production Is Set To Break Records In 2022
Surge in lateral well length is driving average well productivity to new heights in the Permian. New wells are expected to break the 1,000 boepd thresholds in 2022. The total Continue Reading
U.S. drillers add oil & gas rigs for record 18th month -Baker Hughes
U.S. energy firms added oil and natural gas rigs for a record 18th month in a row after boosting the rig count again this week as oil prices soared to Continue Reading