U.S. drillers add oil and gas rigs for fifth week in a row -Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as oil prices soared to their highest since 2014 prompting some drillers Continue Reading
USA Shale Cos to See Minimal Expansion Despite Rally
U.S. shale oil production will expand at a “modest rate” over the next 18 months even as prices touch multiyear highs, according to BloombergNEF. U.S. shale oil production will expand Continue Reading
American Oil Drillers Face Sharp Rise In Costs
The latest Dallas Fed Survey found that costs in the industry have continued rising sharply for the second quarter in a row between July and September. The Dallas Fed Survey Continue Reading
USA Adds More Rigs
The United States added seven rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on October 1. The United States added seven rigs week Continue Reading
The Oil Major Primed To Profit In The Permian
European oil majors are working hard to cut their emissions by shedding assets as they attempt to become energy majors One of the highest-profile cases of this transition so far Continue Reading
U.S. Frackers Fear Vaccine Mandate Will Worsen Worker Crunch
American frackers, already struggling to hire enough workers, are concerned that the coming U.S. vaccine mandate will worsen the situation at a time of rising oil and gas prices. Many Continue Reading
U.S. Oil Rig Count Jumps As Crude Prices Near 3-Year High
The number of oil and gas rigs in the United States rose by 9 again this week, according to Baker Hughes The total rig count is now 521, up 260 Continue Reading
U.S. Shale Is Finally Ready To Drill
U.S. shale producers have behaved in an exemplary way in the past year. It wasn’t something the industry wanted to do. It was something it was forced to do by Continue Reading
Texas adds 2,800 oil exploration and production jobs in August
Oil exploration and production companies in Texas added 2,800 jobs in August as the industry continues to recover from the pandemic-driven oil bust. The state’s upstream sector has recovered 19,700 Continue Reading
World’s Top Shale Oil Field Is Still Spewing Methane by the Ton
When researchers flew over an Energy Transfer LP facility in the Permian Basin of West Texas two months ago, a NASA-designed sensor on their airplane detected a colossal plume of Continue Reading