No change in North Dakota rig count
The number of rigs actively working on the shale basins of North Dakota was unchanged from last week despite a major late-week rally in oil prices, data show. Data show Continue Reading
Marathon buys Oklahoma shale player
U.S. oil major Marathon said Monday it spent $888 million to acquire a rival that has a strong portfolio in the shale oil basins of Oklahoma. Marathon Oil Corp. signed Continue Reading
A Quick Trip to the Oil Patch Shows Energy-Related Losses Rising
“Like an oil lease, you’re easily disposable,” the villainous J.R. Ewing quipped to his beauty queen wife in the 1970s television series Dallas . Readers of the latest edition of Continue Reading
Marathon Oil deal latest big Oklahoma bet by U.S. drillers
Oil and gas producer Marathon Oil Corp’s plans to buy a small Oklahoma producer is the latest signal U.S. shale companies are pouncing on properties in the state’s high margin Continue Reading
With oil price near $50, resilient U.S. shale producers eye new chapter
The Elevation Resources drilling rig is shown at the Permian Basin drilling site in Andrews County, Texas, U.S. on May 16, 2016. Two years into the worst oil price rout Continue Reading
U.S. Oil Rig Increase Shows Producers Are Drilling Again: Chart
Vladimir Putin is considering selling part of Russia’s corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less Continue Reading
Baker Hughes: U.S. Oil Drillers add Rigs for Third Week In A Row
U.S. drillers this week added oil rigs for a third week in a row for the first time since August, according to a closely followed report on Friday, as producers Continue Reading
Increased Oil Competition: Survival of the Fittest
Is the U.S. shale oil industry in trouble? No, it is engaged in a high-stakes competition for market share. As oil flooded the market in 2014-15, prices dropped dramatically and Continue Reading
Increase In U.S. Rig Count Will Not Cap Oil Prices
Oil Rig The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 Continue Reading
Halliburton, Schlumberger bid for fracking jobs in Ukraine: UkrGazVydobuvannia
Halliburton, Schlumberger and Weatherford are among nine companies that submitted bids to carry out hydraulic fracturing operations for Ukraine’s largest natural gas producer UkrGazVydobuvannia (UGV), the company said Thursday. UGV, Continue Reading