Is shale in late innings as Big Oil comes to bat?
The long-term viability of the U.S. shale boom is uncertain, but the world’s biggest oil companies are making big bets on its success as smaller firms struggle with debt and Continue Reading
U.S. oil rig count falls to lowest since April 2018: Baker Hughes
U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year, prompting Continue Reading
US Has Fourth Straight Week of Rig Count Declines
The U.S. dropped one oil rig this week. The U.S. rig count declined, albeit slightly, this week according to weekly data from Baker Hughes, a GE Company. The nation’s oil Continue Reading
Is shale in late innings as Big Oil comes to bat?
The long-term viability of the U.S. shale boom is uncertain, but the world’s biggest oil companies are making big bets on its success as smaller firms struggle with debt and Continue Reading
North Dakota’s production averages 1.402 million b/d in January, slightly off all-time high
North Dakota’s production for January averaged 1,402,402 b/d of oil, slightly missing the state’s record high set in December, the North Dakota Industrial Commission’s Department of Mineral Resources said Friday. Continue Reading
Exxon Plans for $15 per Barrel Permian Costs
Exxon plans to reduce the cost of pumping Permian oil to about $15 a barrel, a level only seen Middle East oil fields. (Bloomberg) — Exxon Mobil Corp. plans to Continue Reading
OPEC Threatens To Kill U.S. Shale
The Organization of Petroleum Exporting Countries will once again become a nemesis for U.S. shale if the U.S. Congress passes a bill dubbed NOPEC, or No Oil Producing and Exporting Continue Reading
US Slashes Oil Production Forecast
The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. While Continue Reading
The EIA Cuts U.S. Oil Output Projections
U.S. crude oil production will continue to set records, but the pace of growth could be slower than what was thought just a month ago, according to the EIA’s latest Continue Reading
Oil Prices To Skyrocket If U.S. Shale Stalls
A collapse of production in Venezuela, aggressive production curtailments from OPEC+, relatively strong demand and an economy humming along – and oil prices are still sharply below the highs seen Continue Reading