Shale Drillers Face New Test of Will as Crude Tops $70 Mark
For the oil industry, $70 offers a test of wills. With benchmark U.S. crude prices crossing the $70 a barrel threshold on Monday, the shale drillers who helped upend global Continue Reading
The Future Of U.S. Oil Relies On A Single Play
U.S. oil production recently broke another record, jumping to 10.619 million barrels per day (mb/d) in the last week in April, and the sky seems to be the limit for Continue Reading
The Permian Can Help Satisfy China’s LNG Appetite
Global liquefied natural gas (LNG) demand could exceed available supply by up to 150 million tons per annum (mtpa) by 2025, and planned LNG projects outside North America could supply Continue Reading
U.S. drillers add oil rigs for fifth straight week: Baker Hughes
U.S. energy companies added oil rigs for a fifth week in a row as they follow through on plans to spend more on drilling this year with higher crude prices Continue Reading
What Does the Railroad Commission of Texas Regulate? Not Railroads
He estimated that only 1 of 10 Texans knows the commission’s main function, and that it has nothing to do with railroads, despite elections every two years to fill one Continue Reading
Increase In Well Productivity Drives U.S. Production Jump
New shale oil well productivity drove U.S. production higher in the last few years, with the average daily rate for the first month of operation rising from less than 100 Continue Reading
U.S. crude oil production efficiency continues to improve
U.S. tight oil production increased in 2017, accounting for 54% of total U.S. crude oil production, in part because of the increasing productivity of new wells. Since 2007, the average Continue Reading
Permian crude producers work to reduce exposure to deep price discounts
Permian crude producers are working on ways to reduce their exposure to deep price discounts, company executives said Tuesday. * Noble pricing more crude in Gulf Coast * Encana sees Continue Reading
Boom time comes early to West Texas oil patch
In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up spending at hotels, restaurants, and car dealerships, and raising the Continue Reading
Oil Markets React Stoically To Rising Rig Count
US drillers added 8-rigs to the total number of oil and gas rigs this week, according to Baker Hughes, adding 5 oil rigs and 3 gas rigs. Meanwhile, neighboring Canada Continue Reading