U.S. oil drillers cut rigs for second week in three: Baker Hughes
U.S. energy companies cut oil rigs for a second week in three as new drilling has stalled in the nation’s largest oil field, where production was forecast to grow at Continue Reading
Texas oil pipeline to start in November, easing bottleneck
Plains All American L.P. will begin operations on an expanded West Texas oil pipeline on Nov. 1, helping to ease a bottleneck that has weighed on Midland crude prices for Continue Reading
Canada Shale Drillers Feel Permian Pain as Prices Collapse
The Permian Basin isn’t the only oil field facing pressure from pipeline bottlenecks. While global oil prices have climbed almost 20 percent this year, producers in Alberta and British Columbia’s Continue Reading
The Great Permian Capital Reallocation Begins
A new report from the U.S. Energy Information Administration (EIA) indicates that the growing shortage of pipeline takeaway capacity in the Permian Basin of West Texas and Southeast New Mexico Continue Reading
Bakken operators facing shift to less prolific geography: study
North Dakota output breaks records as operators drill best acreage Receive daily email alerts, subscriber notes & personalize your experience. Register Now Remaining wells made up largely of low producing Continue Reading
Ultra Light Texas Oil Could Replace Iran’s Sales To Asia
U.S. producers of ultra-light condensate have the opportunity to gain a market share in a tightening Asian condensate market, which is expected to further tighten with the return of the Continue Reading
U.S. Shale Oil Production Beats Estimates Again
Crude oil production in the U.S. shale patch will hit 7.59 million bpd next month, the Energy Information Administration said in its latest Drilling Productivity Report . This is 79,000 Continue Reading
U.S. shale oil production to rise to 7.6 million barrels per day in October
Oil output from seven major shale formations in the United States is expected to rise by 79,000 barrels per day to 7.6 million bpd in October, the U.S. Energy Information Continue Reading
Is The Shale Slowdown Overblown?
The shale industry has hit a bit of a rough patch, with pipeline bottlenecks, cost inflation and a crowded field contributing to a drilling and production slowdown. But many in Continue Reading
Colorado’s Oil Industry Braces For A Devastating Blow
Proponents of the initiative—which qualified in end-August for the ballot with enough signatures raised—say that it would limit the health and environmental dangers of fracking. Opponents and analysts say that Continue Reading