US oil, gas rig count jumps 12 to 700, at highest level in 20 months: Enverus
Highlights Eagle Ford has biggest change: up 3 rigs to 53 Few to no moves in most basins Platts Analytics sees rig count rise into 2023 The US oil and Continue Reading
Energy Reality for the USA
As global leaders struggle to tackle the climate crisis, and as ordinary people worldwide are increasingly whiplashed by high fuel costs, the US government is promising policymakers, industrialists, and investors Continue Reading
Top Executive In U.S. Shale Is Worried Oil Prices Could Go To $100
Pioneer Natural Resource CEO Scott Sheffield voiced his concerns about structurally low investment in upstream Sheffield: “I’m worried that it may get too high, above $100 (per barrel),” After half Continue Reading
Has The EIA Massively Overestimated The Potential Of U.S. Shale?
A new report from Earth Scientist David Hughes seriously undermines rosy long-term forecasts made by the U.S. Energy Information Administration (EIA) for U.S. oil and natural gas from shale deposits Continue Reading
Are Worker Bonuses Coming Back To The U.S. Oil Industry?
The price of WTI has recovered 60% to $72.60 from just $45.52 a year ago. And such gains in oil prices could spark a resurgence in oil worker bonuses just Continue Reading
Baker Hughes CEO Sees Ample Oil Supply in Rebuke to Halliburton
A day after Halliburton Co. warned of an imminent oil shortage, larger oilfield rival Baker Hughes Co. offered a sunnier outlook. “We don’t see a shortage at the moment,” Lorenzo Continue Reading
West Texas freeze brings Permian Basin winterization push into focus
Highlights Midland, TX temps forecast to hit mid-20s F, Dec. 12 Critical operators ineligible for winterization exemption Wintry weather, forecast across West Texas over the next several days and this Continue Reading
Permian Drillers Told by Lawmakers to Disclose Methane Leaks
Oil producers in the Permian Basin must do more to disclose and stop the leak of methane, a powerful greenhouse gas, a House committee wrote in a letter to 10 Continue Reading
The Oil Price Crash Has Taught U.S. Shale A Valuable Lesson
The U.S. shale industry has learned some valuable lessons from the last two major oil price crashes U.S. shale drillers are expected to keep 2022 spending plans in check The Continue Reading
U.S. Rig Count Unchanged After Crazy Week In Oil Markets
There has been no net change to the number of active drilling rigs in the United States this week, according to Baker Hughes . The total rig count remains at Continue Reading