The Newest Sweet Spots In U.S. Shale
Over the past three years, the Permian has been the focus of both oil analyst and buyers’ attention. Most of the new drilling and asset acquisitions in America took place Continue Reading
Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico
More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in Continue Reading
U.S. drillers add oil rigs for fifth week in six: Baker Hughes
U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from Continue Reading
Rig Count Inches Higher Despite Oil Price Slide
Baker Hughes reported a 1-rig increase for oil and gas in the United States this week—a far more tempered figure after last week’s 14-rig increase. The total number of active Continue Reading
North Dakota oil output averages record 1.36 million b/d in September
North Dakota oil production averaged nearly 1.36 million b/d in September, up about 66,800 b/d from August and a new record for monthly output, state officials announced Friday. September marked Continue Reading
Making Visible the Globe-Warming Gases of the Permian Fracking Boom
There is an LED sign at a Chase Bank in downtown Midland, Texas, the heart of the Permian Basin, which quantifies the current oil boom. It alternates between current rig Continue Reading
U.S. drillers add oil rigs for fifth week in six: Baker Hughes
U.S. energy firms this week added oil rigs for a fifth time in six weeks, keeping the rig count at its highest in over three years and crude production from Continue Reading
U.S. shale surge boosts industry finances, puts deals in spotlight
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have Continue Reading
U.S. crude stocks build the most in a week since February 2017: EIA
U.S. crude oil stocks posted the biggest weekly build in nearly two years last week as production hit a new record high and the government released more barrels from its Continue Reading
Oil Giants Start to Dominate U.S. Shale Boom
“You need scale once you’re in development mode to be able to succeed at the margins that you have,” said Jeff Shellebarger, Chevron’s president of North America exploration and production. Continue Reading