U.S. shale output to fall 113,000 bpd in June: EIA
U.S. shale oil production is expected to fall some 113,000 barrels per day in June, according to a U.S. government forecast released on Monday. Total output is expected to fall Continue Reading
North Dakota rig count at lowest since 2005
At 27, the number of rigs actively exploring for or producing oil or natural gas in North Dakota is the lowest it’s been in more than a decade, state data Continue Reading
SandRidge Energy Files for Bankruptcy Protection
SandRidge joined the ranks of oil and gas drillers to file for bankruptcy in recent… SandRidge Energy Inc. SDOC -65.50 % became the latest victim of the prolonged downturn in Continue Reading
Oil Companies Are Still Paying Their CEOs to Pump
Chesapeake Energy CEO Doug Lawler received $1.56 million last year for exceeding production and reserve… If investors hoped the biggest oil bust in decades would change the way oil industry Continue Reading
Breitburn Energy Partners Files for Chapter 11 Bankruptcy
Business operations will continue while Breitburn negotiates a restructuring of its balance sheet, continuing talks with creditors that began a month ago, Chief Executive Hal Washburn said in a release. Continue Reading
EIA: US Shale Output to Dip for Eighth Consecutive Month
U.S. shale oil output is expected to fall in June for the eighth consecutive month, according to a U.S. government forecast on Monday, as the squeeze from a two-year rout Continue Reading
Fracking: Oklahoma’s New F-Word
Oklahoma Earthquake Damage Fracking in Oklahoma, as well as elsewhere, has been on the decline, thanks to the oil price slump. Quakes, however, are continuing at alarming rates. A CBC Continue Reading
Bakken’s 1 Million b/d Production Unlikely to Hold
With the number of uncompleted wells continuing to rise in the Bakken Shale, it is doubtful the 1 million b/d production level can be maintained into next year, North Dakota Continue Reading
EPA Issues Final Rules Cutting Oil, Natural Gas Methane Emissions
The Environmental Protection Agency on Thursday issued the first-ever federal standards aimed at curbing methane emissions from the oil and natural gas industry, the latest in a series of regulations Continue Reading
Crude-Oil Production Drops Again in North Dakota
The Bakken formation is one of the highest-cost sources of U.S. oil production. Shown, workers… North Dakota crude-oil production fell for the fourth month in a row, dropping about 1% Continue Reading