The very low natural gas prices in the Permian are dragging down exploration and production (E&P) investment returns in the most prolific U.S. shale oil basin, Moody’s Investors Service said Continue Reading
The US oil and gas rig count dropped by eight week on week Thursday to 1,090, resuming a five-month general downward trend even as oil prices remained in the low Continue Reading
Growing production of Texas super-light oil – and worries about its quality compared with other types of crude – is slowing down deliveries into the main U.S. storage hub in Continue Reading
Natural gas prices fall to record lows as crude strengthens Some regional gas processing plants are starting to flare 2 million b/d of crude pipeline takeaway capacity expected this year Continue Reading
Oil prices are climbing to new heights, but many shale companies are not exactly riding high. U.S. shale drillers have run into a series of problems that have resulted in Continue Reading
U.S. crude oil production is expected to rise by 1.43 million barrels per day (bpd) in 2019 to average 12.39 million bpd, the U.S. Energy Information Administration (EIA) said on Continue Reading
The US Energy Information Administration on Tuesday raised its forecasts for WTI and Brent prices as it said market activity indicates that recent inventory withdrawals and unplanned supply distributions have Continue Reading
The Tulsa, Oklahoma-based independent said the cuts are part of a bigger plan to cut company costs. U.S. independent Laredo Petroleum, Inc. whose business focuses primarily in the Permian, is Continue Reading
Shale companies from Texas to North Dakota have been managing their wells to maximize short-term oil production. That has long-term consequences for the future of the American energy boom. By Continue Reading
Production falls Waha balance-of-the-month-contract 26 cents weaker than spot market Houston — Waha and El Paso Permian cash natural gas prices traded in positive territory Monday for the first time Continue Reading
