US onshore rig day rates jump as glut fades
Perhaps the most surprising sign of a recovery in the US onshore drilling industry has been the abrupt about-face for day rates, an analysis by RigData, a unit of S&P Continue Reading
East Coast refiners eye Texas oil as North Dakota alternative
U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in Continue Reading
U.S. drillers add oil rigs for 14th week in a row -Baker Hughes
U.S. drillers added oil rigs for a 14th week in a row, extending an 11-month recovery that is expected to boost U.S. shale production in May in the biggest monthly Continue Reading
U.S. Oil Drilling Growth Shows First Signs of Cooling Off
U.S. oil drillers slowed the pace of a months-long expansion as investors worry that growing shale production will ruin OPEC’s efforts to prop up prices. Drillers added 5 rigs targeting Continue Reading
More oil production possible from Texas shale
Exploration and production activity in the Permian basin shows the area could respond with major output once conditions improve, the Dallas Fed said. The Federal Reserve Bank of Dallas in Continue Reading
Exxon Is Going Primetime With The World’s Next Shale Hotspot
The U.S. shale sector continues to be the hottest spot in natural resources investment. But news this week suggests America’s oil and gas industry may have a new rival — Continue Reading
Why Exxon Is Giving Its Shale Unit a Long Leash
In a matter of weeks, crews working for Exxon’s XTO Energy Inc. unit will begin erecting drilling rigs across a patch of southeast New Mexico to exploit the region’s mile-thick Continue Reading
Will Banks Allow Another Slew Of Oil Bankruptcies?
Last week, U.S. banks boosted the borrowing bases for several independent energy companies, lifting spirits in the industry. The move was taken as a sign that lenders are beginning to Continue Reading
Fracking Bolsters the American Economy
Our friends at Institute for Energy Research shared this guest post with us, which was written by their founder and CEO, Robert Bradley, Jr. and recently published in Forbes . Continue Reading
Oil prices fall on expected surge in U.S. shale output
Oil prices fell on Tuesday on news that U.S. shale oil output was expected to post the biggest monthly rise in more than two years, fuelling concerns that U.S. production Continue Reading