The world’s largest oilfield services company said its earnings were hit in the first quarter because of a slowdown in shale drilling activity. “First-quarter revenue of $7.9 billion declined 4% Continue Reading
The U.S. shale boom is upending global oil markets as far as crude flows from West Africa to Europe and other parts of the world, and is squeezing in particular Continue Reading
Democratic Colorado Governor Jared Polis declared an end to the “oil and gas wars” in the state Tuesday after he signed into law legislation giving local governments more control over Continue Reading
Exxon Mobil said Tuesday, March 5, 2019, that as soon as 2024 it expects to produce the equivalent of more than 1 million barrels of oil per day in the Continue Reading
Crude oil production from the seven key shale regions in the United States is expected to increase by 80,000 bpd from April to hit a record 8.46 million bpd in Continue Reading
The axiom, bigger is better may not apply to everything in Texas. For one thing, the Permian Basin is cranking out so much natural gas that producers are burning it Continue Reading
U.S. crude oil output from seven major shale formations is expected to rise by about 80,000 barrels per day (bpd) in May to a record 8.46 million bpd, the U.S. Continue Reading
Two years ago, investors handed veteran oilman Jim Hackett a $1 billion check and sent him to seek riches in shale drilling. Today, the company he founded with their money, Continue Reading
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
NEW YORK (Reuters) – U.S. crude oil output from seven major shale formations is expected to rise by about 80,000 barrels per day (bpd) in May to a record 8.46 Continue Reading
