A recent drought in oil company mergers and acquisitions could be coming to an end over a new Texas range war: U.S. shale producers are building miles-long horizontal wells that Continue Reading
U.S. energy companies this week cut oil rigs for the first time in three weeks even as crude prices hover near three-year highs. A man works on the rig of Continue Reading
Baker Hughes reported a 2-rig decrease to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 993, which is Continue Reading
The latest shale drilling boom is driving unemployment to the lowest levels in years in many of the areas that encompass the Permian Basin, a 17-county region that spans West Continue Reading
A pipeline shortage that’s leaving gas trapped in the Permian means prices for the fuel there are the lowest of any major US hub. (Bloomberg) — America’s most prolific oil Continue Reading
U.S. shale companies are set to increase their capital expenditures by 20 percent this year, while also boosting their production guidance, according to Rystad Energy . Obviously, the Permian is Continue Reading
Remember the wave of bankruptcies that hit shale E&Ps and oilfield services providers in the shale patch between 2015 and 2017? Over those two years, more than 120 oil and Continue Reading
Concho Resources has struck a deal to acquire natural gas peer RSP Permian for US$9.5 billion in an all-stock deal that is the biggest acquisition in the sector since 2012. Continue Reading
Oil and gas business activity continued to climb last quarter, driven by an improved oilfield services sector, but costs for goods and labor also rose, the Federal Reserve Bank of Continue Reading
Concho Resources’ $9.5 billion acquisition of rival independent oil and natural gas producer RSP Permian, announced Wednesday, will give the combined company the largest drilling program in the Permian Basin Continue Reading
