Category: Shale Oil

The the number of active oil and gas rigs fell sharply in the United States this week according to Baker Hughes, despite US oil production resuming highs this week that Continue Reading

The U.S. scrapped a total of 10 oil and gas rigs this week. The U.S. dropped 10 oil and gas rigs this week, according to weekly data compiled by Baker Continue Reading

For years, the oil and gas industry has boasted about the longevity and durability of oil and gas reserves despite growing signs that peak oil demand is around the corner. Continue Reading

The U.S. shale industry is increasingly dominated by the oil majors, with small and medium-sized drillers under financial pressure. Shareholders, banks and other analysts are losing patience with unimpressive performances Continue Reading

Murphy Oil Corporation has signed a deal to sell its assets in Malaysia, becoming the latest U.S. company to exit projects abroad as it focuses on high-margin opportunities in U.S. Continue Reading

Have you noticed the absolute carnage taking place in the U.S. shale oil stocks? It seems as if Wall Street and investors are finally growing weary of an industry that Continue Reading

The insanity continues in the United States second largest shale oil field as the fundamental economics go from bad to worse. While it is true that the shale industry doesn’t Continue Reading

Summary of Weekly Petroleum Data for the week ending March 15, 2019 U.S. crude oil refinery inputs averaged 16.2 million barrels per day during the week ending March 15, 2019, Continue Reading

Commercial crude stocks dip 9.59 million barrels to 439.48 million barrels Exports surge 846,000 b/d to 3.39 million b/d Refinery utilization steps 1.3 points higher to 88.9% of capacity New Continue Reading

The oil and natural gas industry employed over 348,000 Texans in 2018, TXOGA reveals. The oil and natural gas industry employed over 348,000 Texans in 2018, Todd Staples, president of Continue Reading