Iran Sanctions Could Backfire On U.S. Drillers
The United States is upping the ante in its effort to sanction Iran, and its efforts may further complicate its ongoing trade war with China and affect the flow of Continue Reading
BIG TROUBLE BREWING AT THE BAKKEN: Rapid Rise In Water Production Signals Red Flag Warning
Big trouble is brewing in the mighty North Dakota Bakken Oil Field. While oil production in the Bakken has reversed since it bottomed in 2016 and increased over the past Continue Reading
The “Weakest” EIA Report In Years
The timing of the report is not ideal, coming amidst a currency crisis in Turkey, which has raised fears of financial contagion in other emerging markets. The strength of the Continue Reading
North Dakota producers fail to control natural gas flaring
Gas production in North Dakota’s Bakken Shale remains strong, but the inability to gather and process all the volumes led operators to flare nearly 17%, or 388 MMcf/d, of all Continue Reading
US oil rig count flat at 869 as operators weigh output growth vs. capex
Highlights Permian rigs up by one to 486, highest since January 2015 In Q2, capex guidance rose more than production guidance ‘Vast majority’ of oil growth largely weighted to H2: Continue Reading
U.S. Drillers Turn On The Brakes—Rig Count Remains Unchanged
Baker Hughes reported no change to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs stayed at 1,057 , according to Continue Reading
ND oil production drops as operators ‘tap the brakes’
North Dakota oil production dropped nearly 2 percent in June as producers scaled back activity, primarily to keep natural gas flaring from exceeding state limits, the state’s top oil regulator Continue Reading
U.S. oil drilling rig count holds steady this week: Baker Hughes
U.S. energy companies kept the oil rig count unchanged this week amid a steady decline in crude prices, which hit a near two-month low earlier this week. The rig count, Continue Reading
Can U.S. Shale Stop A Global Oil Supply Crisis?
Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil demand growth. On the supply Continue Reading
Oil falls as U.S. crude inventories jump unexpectedly
Oil futures fell more than $2 a barrel on Wednesday after data showed U.S. crude stockpiles jumped last week, compounding worries about a weaker global economic growth outlook. Brent crude Continue Reading