Oil output in Permian to rise in Sept to highest on record – EIA
Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 66,000 barrels per day (bpd) to a record 5.413 million Continue Reading
Oil Rig Count Slides In Tough Week For Crude
The number of total active drilling rigs in the United States dropped by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
US oil, gas rig count rises by three to 871, Enverus says, as most basins add rigs or stand still
Highlights Permian adds most rigs: up 3 to 347 Even Permian growth may be slow in H2-22 The US oil and gas rig count rose by three to 871 on Continue Reading
U.S. Rig Count Slips Amid Retreat In Crude Prices
The number of total active drilling rigs in the United States dropped by 5 this week, according to new data from Baker Hughes published on Friday. The total rig count Continue Reading
US Shale Could Erase Debt by 2024, Freeing Up Cash for Gas Pivot
US shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas Continue Reading
U.S. oil & gas rig count falls for third week in a row, Baker Hughes says
U.S. energy firms this week cut the number of oil and natural gas rigs for a third week in a row even as they slowly increase production to pre-pandemic levels Continue Reading
U.S. Rig Count Stalls
The number of total active drilling rigs in the United States fell by 1 again this week, according to new data from Baker Hughes published on Friday. It is the Continue Reading
U.S. Shale Faces More Than $10 Billion In Hedging Losses
U.S. shale oil producers are in line to suffer more than $10 billion in derivative hedging losses this year. E&Ps typically employ derivative hedging to limit cash flow risks and Continue Reading
Permian Basin On Track For Record September Production
The largest shale basin in the United States, the Permian, is on track to hit a record 5.408 million barrels per day next month, with production set to rise by Continue Reading
U.S. Drilling Activity Sees Decline For Second Straight Week
The number of total active drilling rigs in the United States fell by 1 this week, according to new data from Baker Hughes published on Friday. It is the second Continue Reading