U.S. Oil Rig Count Climbs to Highest in Almost Two Years
U.S. crude production will likely rise in the months ahead as explorers added rigs for a 13th week, capping the longest stretch of gains since 2011. Rigs targeting crude rose Continue Reading
Will Shale Kill Off The Oil Price Rally Again?
WTI has rallied more than 11 percent over the past month, raising hopes from oil bulls that maybe, just maybe, the price gains are here to stay. Oil had dipped Continue Reading
Texas drilling activity more than doubled from last year
The total number of original drilling permits more than doubled year-on-year in March, though commercial prospects may be lower, a Texas regulator reported. Texas is the No. 1 oil producer Continue Reading
The Oil Giant Hidden in the World’s Biggest Mining Outfit
Mining group runs global oil business from Texas to Australia Oil and gas account for about 20% of BHP’s underlying profits The usual suspects have planted their flags along the Continue Reading
Shale Hotspot Draws In Another Big Oil Player
The oil price crash that destroyed a lot of smaller oil producers has not spared the finances of even the oldest and largest oil companies. Trying to keep the precious Continue Reading
The U.S. Rig Count Is An Over-Rated Indicator Of Future Oil Prices
The Baker Hughes North American Rotary Rig Count wallowed in relative obscurity among the world’s business writers for decades. The Hughes in Baker Hughes is the original Hughes Tool Company, Continue Reading
North American rig count increased in March
Exploration and production activity in North America outpaced the rest of the world in terms of general gains, oilfield services company Baker Hughes reported. The company offered its report on Continue Reading
OPEC Can’t Stop The Beat: U.S. Adds 10 Oil Rigs
The United States oil and gas rig count jumped by 15 this week, to its highest level since September 18, 2015, according to Baker Hughes ’ latest report on domestic Continue Reading
Weak crude oil stunts U.S. energy IPOs, boosts outlook for M&A
The stream of U.S. energy companies going public at the start of 2017 has dried up on concerns over the future direction of oil prices, but private buyers seeking mergers Continue Reading
Did The Banks Just Give U.S. Shale A Carte Blanche?
Twice a year, in April and in October, banks review the creditworthiness of oil and gas companies in what is known as a borrowing base redetermination. Ahead of this year’s Continue Reading