Hess, Anadarko cite $60 mark in second-quarter earnings calls Oil companies cautious following last year’s false starts For U.S. oil drillers, $60 is the new $50. Earlier this year, oil Continue Reading
The number of rigs actively exploring for or producing oil and natural gas in North Dakota is up 10 percent from last week, state data show. State data shows 32 Continue Reading
To provide themselves a cushion against sharp drops in oil prices, drilling companies often buy hedges—financial contracts that pay off when prices fall. Now a quirk of bankruptcy law has Continue Reading
The Bakken and North Dakota production data is out. Bakken production was up 6,540 barrels per day while all North Dakota production was up 5,383 bpd. This was not posted Continue Reading
The US oil and gas rig count rose by 7 this week, with Baker Hughes adding 6 more oil rigs to the count and one more gas rig, bringing the Continue Reading
IHS Markit Energy assessed 46,000 horizontal wells in U.S. Study shows big potential for reviving conventional plays U.S. oil explorers are yet to fully reap all the rewards of horizontal Continue Reading
Energy companies in Colorado are spending millions of dollars to derail a push by environmentalists to put measures on November’s ballot that would stifle oil and gas drilling in the Continue Reading
Energy companies are growing accustomed to low oil prices, though some projects still may be left on the shelf if markets stay put, Wood Mackenzie finds. Citing “capital constraints,” LNG Continue Reading
Two years ago, Reg MacDonald’s 20-day drilling classes were packed to capacity, with nearly 40 students eager to land lucrative jobs in the booming oil and gas industry. Now he Continue Reading
U.S. shale is the lowest cost option for new oil production and is likely to be more competitive than conventional offshore drilling, according to a new report from Wood Mackenzie. Continue Reading
