EOG Revenue Falls While Cost-Cutting Exceeds Goal
EOG Resources Inc. posted a wider loss and a sharp revenue decline in the first quarter, but the oil-and-gas producer said it exceeded its goals for cost-cutting and U.S. oil Continue Reading
DUCs in a row: Oilfield servicers to gain as more wells completed
U.S. shale producers are returning to unfinished business – completing previously drilled wells – offering a ray of hope for oilfield service providers battered by the oil slump. Halliburton Co Continue Reading
U.S. shale oil still facing pressure
Oil production in key U.S. shale formations declined and, while a recovery in crude oil prices is an incentive, risks do remain, market analysis finds. Platts Analytics finds oil production Continue Reading
Peak Fracking, Perpetually Higher Oil Prices
Six mega-trends are combining to persistently drive gasoline prices higher until price kills demand: Peak Fracking occurred in June 2015 . Since Peak Fracking, US Oil Production has decreased approximately Continue Reading
U.S. energy CEOs ready for new drilling as oil prices plot upward path
After cutting spending and staff levels to the bone, U.S. oil executives say they are getting ready for new drilling projects as a 50 percent increase in crude prices since Continue Reading
Devon Energy raises 2016 oil output forecast
Devon Energy Corp’s ( DVN.N ) oil output exceeded its expectations by 5,000 barrels per day in the first quarter, the company said on Tuesday, prompting it to raise its Continue Reading
North Dakota Official Exalts Oil Boom “Is Coming Back With A Rush”
North Dakota’s top oil regulator sent out a message the other day to the leaders of Williston: Get Ready. “This is going to come back pretty hard and pretty rapidly,” Continue Reading
Oil Bulls Bet the Waning U.S. Shale Boom Will Curb Global Glut
Hedge funds are rooting for a quick collapse of the U.S. shale boom. Money managers turned the most bullish since May as West Texas Intermediate crude climbed to a five-month Continue Reading
Debt: The Key Factor Connecting Energy and the Economy
There are many who believe that the use of energy is critical to the growth of the economy. In fact, I am among these people. The thing that is not Continue Reading
Peak Fracking, Perpetually Higher Oil Prices
Six mega-trends are combining to persistently drive gasoline prices higher until price kills demand: Peak Fracking occurred in June 2015 . Since Peak Fracking, US Oil Production has decreased approximately Continue Reading