In 2015, Pioneer Natural Resources filed a report with the federal Securities and Exchange Commission, in which the shale drilling and fracking company said that it was “drilling the most Continue Reading
The Permian Basin was once a hotbed of small, independent prospectors, wide-eyed wildcatters, and small companies hoping to strike it rich. Now, it is brimming with supermajors clamoring to buy Continue Reading
Recently, there has been some concern about the ability of U.S. shale , and in particular, the Permian Basin, to continue the meteoric increases in production that have characterized the Continue Reading
OPEC has thrown a “lifeline” to US shale producers by cutting output to boost oil prices, Saudi energy minister Khalid al-Falih said Sunday, rejecting the notion of a market share Continue Reading
U.S. energy firms cut oil rigs for a second week in a row as more producers, like Occidental Petroleum Corp, turned conservative in their 2019 drilling plans due to uncertainty Continue Reading
Baker Hughes reported no change to the number of active oil and gas in the United States this week. The total number of active oil and gas drilling rigs is Continue Reading
Midland crude for delivery in the fourth quarter is trading at the smallest discount in months in anticipation of the opening of pipelines transporting more than 2 million barrels per Continue Reading
A new computational model could potentially boost efficiencies and profits in natural gas production by better predicting previously hidden fracture mechanics while accurately accounting for the known amounts of gas Continue Reading
The US oil rig count dropped by four this week, while the country added four gas rigs, keeping the total rig count flat. U.S. drillers cut four oil rigs this Continue Reading
The Kansas City Fed’s fourth quarter energy survey reveals a negative drilling and business activity index – the first in almost three years. The future of drilling activity in the Continue Reading
