Rig Count Falters Amid Oil Price Correction
Baker Hughes reported a dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 3 rigs, according to the Continue Reading
Baker Hughes: US Drillers Add Oil Rigs for Fourth Week in a Row
U.S. energy companies added one oil rig this week, the fourth consecutive week of increases, despite a 9 percent decline in crude prices over the past four weeks. Despite that Continue Reading
US Oil Firms Use Shale Know-How To Revitalize Old Oilfields
Among vineyards and cow pastures in East Texas last month, roughnecks started to drill in an oilfield that is 25 years past its production peak. Houston-based oil producer Wildhorse Resource Continue Reading
Potential Cushing bottleneck could increase U.S. oil discount
As the discount of U.S. crude to global benchmark Brent nears three-year highs, an emerging bottleneck at the key storage hub in Cushing, Oklahoma, is making U.S. futures vulnerable to Continue Reading
Shale Drillers’ $7 Billion Hedging Error
Oil producers are finding themselves in kind of a pickle. While oil prices are indeed on the rise, many producers are unable to take full advantage of this nicety because Continue Reading
U.S. shale firms miss out on $70 oil after hedging at $55
Many top U.S. shale oil producers are missing out on the rally in oil prices to more than $70 a barrel – because they sold their oil through futures contracts Continue Reading
Side Effect of Rising Oil Drilling: Indigestion for Gas Frackers
Higher oil prices are helping many American shale drillers. But they are hurting companies that frack for natural gas. As companies respond to rising oil prices by drilling more for Continue Reading
The Permian Faces A Long Term Natural Gas Crisis
The bottlenecks in the Permian have created a widening chasm between not just Brent and WTI, but also WTI in Cushing or Houston and prices fetched for oil in the Continue Reading
‘Clear Challenge’ in Permian Relates to Shortage of Available Takeaway
Rigzone highlights some of the upcoming challenges for oil and gas firms in the Permian. The “clear challenge” producers of oil and natural gas in the Permian Basin will face Continue Reading
U.S. energy firms chasing oil price rally stumble on old baggage
With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan – sell undeveloped or less essential fields and invest the money to Continue Reading