U.S. drillers add oil rigs for second week in a row: Baker Hughes
U.S. energy firms added oil rigs for a second week in a row even as oil prices fell to 1-1/2-year lows and headed for losses of more than 20 percent Continue Reading
U.S. Rig Count Rises As Canadian Drillers Prepare For Winter
Coming off a rather abysmal week for oil prices, Baker Hughes reported a 3-rig increase for oil and gas in the United States this week. The total number of active Continue Reading
Bakken processing plant expansion helps curb natural gas flaring
Although natural gas flaring in the Bakken Shale set records in 2018, those levels are starting to fall as the first of one of several processing plants planned for the Continue Reading
US Adds Oil Rigs for Second Week in a Row
The US added two oil rigs this week, marking the second week of increases. The U.S. added two oil rigs this week, marking the second consecutive week for an increase, Continue Reading
Fed Says Texas Job Growth to Take Hit If Oil Rout Continues
Job growth in the Lone Star State will likely weaken in the first half of 2019 if oil prices remain at current levels, according to the Federal Reserve Bank of Continue Reading
Analysis: US crude inventories static as rising production balances export surge | S&P Global Platts
US crude supply was little changed week on week as an uptick in production was matched by sharply higher exports last week, US Energy Information Administration data showed Friday. US Continue Reading
US rig count falls by 28 to 1,147, at lowest level since April
The US rig count fell to its lowest level since April last week, declining by 28 to 1,147, amid a broad slowdown in oil drilling activity, according to S&P Global Continue Reading
New Mexico oil producers brace for tighter regulation as output jumps
Crude oil output has more than doubled in New Mexico over the last four years, making it the No. 3 producer among U.S. states, but a January change in state Continue Reading
Falling Oil Prices May Spark New Debt Crisis
U.S. oil prices at below $50 and now even below $45 a barrel could cause concerns about the debt levels of some energy companies, Nasdaq energy analyst Tamar Essner told Continue Reading
In Booming Oilfield, Natural Gas Can Be Free
Shale drillers in the Permian Basin are producing vast amounts of gas as a byproduct of prospecting for oil. But there aren’t enough pipelines to take all the gas to Continue Reading