Skyrocketing West Texas Land Prices Have Oilmen Uneasy
Wall Street investors have fallen in love with properties in the Permian Basin, and that is making some West Texas oil men nervous. Even though a barrel of oil commands Continue Reading
Full Scale Oil Price Recovery Unlikely As 5000 DUC’s May Come Online
A backlog of oil wells that have been sitting idle could put renewed pressure on oil prices once the oil starts flowing. Oil prices dipped just below $50 per barrel Continue Reading
Bankruptcies In Oilfield Services Are Accelerating
Oilfield services Clouds have been clearing for oil producers in the U.S. oil patch, but it looks like things are a bit different in oil field services. In fact, they’re Continue Reading
Kemp: US Oil And Gas Producers Stir From Hibernation
US oil and gas drillers are reporting the biggest and most sustained upturn since oil prices began slumping in the middle of 2014. (John Kemp is a Reuters’ market analyst. Continue Reading
The Record Frack: How U.S. Shale Keeps On Boosting Output
The top shale basins in the U.S. could lose another 30,000 barrels per day in November, as a shortage of drilling fails to offset natural depletion. However, the decline is Continue Reading
Bankruptcy Bust: How Zombie Companies Are Killing the Oil Rally
Their owners may be bankrupt, but the sprawling mines of Wyoming’s Powder River Basin are still churning out coal. It is the same story in oil fields along the Gulf Continue Reading
Permian And Eagle Ford Recover As Rig Count Rises To 8 Month High
Shale drilling This week’s Baker Hughes report shows an 11-rig increase in the United States oil count, marking 17 straight weeks of no-decline in the active rig figure. The streak Continue Reading
U.S. Oil And Gas Is Changing To Survive
”Come writers and critics Who prophesize with your pen And keep your eyes wide The chance won’t come again.” Nobel Prize winner Bob Dylan must have been an oilman in Continue Reading
Gains From Higher Rig Count Limited For Halliburton, Schlumberger
An increase in rigs being put back to work in U.S. shale fields is largely being driven by smaller oil companies drilling less-complex wells that don’t need costly, high-tech services Continue Reading
Schlumberger Beats Estimates as U.S. Shale Helps Lead Recovery
Adjusted per-share profit of 25 cents beat analysts’ estimates Sales dropped 17% from year earlier to $7.02 billion Schlumberger Ltd.’s earnings beat expectations after the world’s largest oilfield services provider Continue Reading