US Drillers See Modest Rise In Oil Rigs As Prices Hold
Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs Continue Reading
US Drillers Add Rigs for Second Consecutive Week
The US added a net total of two rigs this week. The United States added three oil rigs and dropped one gas rig for a net gain of two rigs Continue Reading
Drilling economics in North American liquids-rich plays lift oil price outlook
Permian IRRs up 8 percentage points, Bakken rises to 31% WTI rolling 12-month forward curve tops $56/b Gas IRRs see narrow gain amid stable forward prices Denver — Half-cycle internal Continue Reading
Rystad Energy: Three trends will sway shale growth in 2019
With US shale activity in 2019 beset by uncertainty, Rystad Energy identifies three trends for US light tight oil production that will have a profound impact on the evolution of Continue Reading
U.S. shale executives predict oil production constraints to remain
Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy Continue Reading
‘’Lower Your Costs, Or Die’’ Big Oil’s New Mantra
Fracking and the booming short-cycle shale production in the Permian have revolutionized not only U.S. crude oil production. The prolific shale basin in West Texas and New Mexico has also Continue Reading
Top 10 US Shale Portfolios
Chevron holds the most valuable U.S. shale portfolio in terms of total net present value, according to Rystad Energy. Chevron holds the most valuable U.S. shale portfolio in terms of Continue Reading
Occidental Petroleum profit beats on Permian strength
Occidental Petroleum Corp on Tuesday reported a quarterly profit that beat analysts’ estimates, helped by a surge in Permian basin production and higher realized prices for its crude. Production from Continue Reading
Exchange giants take their rivalry to Texas as shale oil booms
The world’s two biggest energy exchanges have taken their fierce rivalry to Houston, Texas in pursuit of business linked to the millions of barrels of shale oil arriving in the Continue Reading
Texas Oil Production Breaks New Record
The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty Owners Continue Reading