U.S. Drillers Add Double Digit Oil, Gas Rigs
Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 13 rigs , according Continue Reading
A Major Setback Looms For Colorado Shale
An initiative to expand the setback distance required for oil and gas drilling in Colorado just received a boost, potentially making the November ballot. The stricter drilling requirements could have Continue Reading
Shale company Continental Resources raises production expectations
U.S. shale company Continental Resources said in its second quarter report it was raising its production and spending expectations for the year. “Continental is in an advantaged position in the Continue Reading
Continental Resources Sees 15-20 Pct Output Growth in 2019
Continental Resources, the U.S. shale producer controlled by billionaire Harold Hamm, expects its output to grow by 15 to 20 percent next year, with much of that increase weighted toward Continue Reading
Plains to Bring Permian Projects Online Early Amid Pipeline Bottlenecks
Plains All American Pipeline LP said two West Texas crude pipeline projects would begin partial operations slightly ahead of their original schedules. Aug 8 (Reuters) – Plains All American Pipeline Continue Reading
EIA: U.S. Oil Production Growth Is Slowing
The EIA just revised down its forecast for U.S. oil production growth for 2018, an acknowledgement that pipeline constraints are slowing output gains in the Permian basin. The EIA believes Continue Reading
U.S. cuts 2018 crude oil production growth forecast
NEW YORK (Reuters) – U.S. crude oil production in 2018 was expected to grow at a slower rate than previously forecast amid lower crude prices according to a monthly U.S. Continue Reading
Hundreds line up for gushing West Texas oil jobs
Job fairs are stocked with people hungry for better opportunities, but inside the MCM Grande Hotel in Odessa, Texas, oil services giant Halliburton is the one doing the wooing. “We Continue Reading
U.S. oil drillers cut rigs for second week in three: Baker Hughes
(Reuters) – U.S. energy companies this week cut oil rigs for a second time in the past three weeks as the rate of growth has slowed over the past couple Continue Reading
Falling Rig Count Supports Oil Prices
Baker Hughes reported a decrease to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs decreased by 4 rigs , according Continue Reading