Texas oil production topped 1 billion barrels last year
Total crude oil production from Texas last year topped 1 billion barrels and daily production in December was 5 percent higher year-on-year, data show. Texas is the No. 1 oil Continue Reading
SandRidge Lays Off 30% of Oklahoma City Staff
As the company restructures, SandRidge Energy has determined a need for staff reductions at its headquarters. SandRidge Energy Inc. is laying off 30 percent of its workforce (80 employees) at Continue Reading
Shale Drillers Are Supersizing Fracking
Shale drillers have squeezed more oil out of a given well over the past few years by becoming more efficient in their drilling operations. But the industry is still scaling Continue Reading
Shale bonanza means US oil production at a 50-year high
As shale oil makes a comeback, the United States could outstrip Russia and Saudi Arabia to become the world’s biggest oil producer. But is this new boom in black gold Continue Reading
U.S. shale investors still waiting on payoff from oil boom
U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting Continue Reading
Rig Count Inches Higher As Oil Prices Stabilize
The total number of oil and gas rigs now stands at 978, which is an addition of 224 rigs year over year. The number of oil rigs in the United Continue Reading
Baker Hughes: US Oil Rig Count Rises For Fifth Straight Week
US energy companies added one oil rig this week, the fifth weekly increase in a row, as oil prices hovered at two-week highs. Feb 23 (Reuters) – U.S. energy companies Continue Reading
Saudi Arabia Looks To Profit From The U.S. Shale Boom
Saudi Arabia’s Aramco has considered the possibility of shipping U.S. crude via its Motiva unit to Asia, a source in the know has told Bloomberg. The company decided that for Continue Reading
Oil Jumps as Surprise U.S. Supply Drop Dispels Shale Boom Fears
Nationwide crude inventories fell by most in five weeks: EIA Cushing storage at lowest since 2014 as crude exports surge Oil surged to the highest in two weeks as American Continue Reading
Tight oil remains the leading source of future U.S. crude oil production
Source: U.S. Energy Information Administration, Annual Energy Outlook 2018 EIA’s recently released Annual Energy Outlook 2018 (AEO2018) Reference case projects that U.S. tight oil production will generally increase through the Continue Reading