Rig counts, but not jobs, up in Texas
Exploration and production in the Permian shale basin in Texas is contributing to more output, but not more jobs, data from a federal reserve bank said. The Federal Reserve Bank Continue Reading
EIA expects total U.S. fossil fuel production to reach record levels in 2018 and 2019
In its January 2018 Short-Term Energy Outlook (STEO), EIA forecasts that total fossil fuels production in the United States will average almost 73 quadrillion British thermal units (Btu) in 2018, Continue Reading
Oil Rig Count Declines Amid Falling Prices
The number of active oil and gas rigs fell this week, according to Baker Hughes data , decreasing by 3 total rigs. This brings the total number of oil and Continue Reading
BHP Billiton continues U.S. shale exit plans
Australian energy and mining giant BHP Billiton said Thursday it was on pace start selling off its U.S. shale assets during the first quarter of the year. In August, CEO Continue Reading
U.S. oil industry set to break record, upend global trade
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few Continue Reading
U.S. Feb shale output expected to rise to 6.55 mln bpd: EIA
U.S. oil output is expected to continue to rise in February with production from shale rising by 111,000 barrels per day (bpd) to 6.55 million bpd, the U.S. Energy Information Continue Reading
Hess Cutting Hundreds of Workers As It Battles Activist Investor
Hess Corp is cutting roughly 13 percent of its workforce and streamlining operations as it battles an activist hedge fund shareholder pushing for the U.S. oil and gas producer to Continue Reading
Drilling Productivity Report
Contents Related Today in Energy articles Email New-well oil production per rig barrels/day New-well gas production per rig thousand cubic feet/day Region January 2018 February 2018 change January 2018 February Continue Reading
Is The Rig Count Still Relevant?
The weekly rig count report that Baker Hughes releases is probably on everyone’s not-to-miss schedule. However, its days as one of the most reliable U.S. oil industry growth metrics seem Continue Reading
What’s The Limit For Permian Oil Production?
The ‘hottest shale play’ has been the media’s favorite cliché for the Permian Basin over the past year. And while cliché, the basin straddling West Texas and New Mexico has Continue Reading