U.S. Oil Rig Count Slips Amid Drop In U.S. Oil Output
The number of oil and gas rigs in the United States fell by 3 this week, according to Baker Hughes , which reported the total rig count as 488, up Continue Reading
ExxonMobil aims to boost Permian output by 40,000 boe/d in Q3
Highlights CEO details decarbonization plans after climate pushback Woods takes cautious tone, saying projects will take time ExxonMobil pumped 400,000 b/d of oil equivalent from the Permian Basin in Q2 Continue Reading
US oil, gas rig count falls 5 to 599 as Permian drilling slows
Highlights Permian count drops 6, Eagle Ford down 3 Haynesville activity highest since 2019 Strong gas prices could test producer discipline The US oil and gas rig count fell five Continue Reading
Hess expects U.S. output to take over 4 years to return to pre-COVID levels
U.S. oil output could take more than four years to reach pre-pandemic levels, oil producer Hess Corp (HES.N) said on Wednesday, sticking to its spending plan despite rising demand to Continue Reading
Argentina’s YPF launching first shale oil pilot project in Mendoza
Highlights Pilot planned on two blocks Project seen opening new opportunities in shale play YPF also to invest in tertiary recovery YPF, the biggest oil producer and second for natural Continue Reading
US shale dealmaking wave is transforming the industry
A wave of dealmaking in America’s shale patch is intensifying, wiping out weak players and leaving the once-fractured sector in the hands of a new breed of “super independents”. More Continue Reading
U.S. Shale Is Scrambling To Reinvent Itself
Oil has dominated global economics and dictated the shape, terms, and function of the geopolitical map for nearly 200 years. While two centuries is the merest of blips on the Continue Reading
Baker Hughes USA Rig Count Gets Closer to 500
The USA rig count rose again this week. The U.S. rotary rig count is within striking distance of hitting the 500 mark, adding seven rigs to reach 491 this week, Continue Reading
Schlumberger’s profit beats forecast as margins soar on revenue gains
Schlumberger delivers optimistic outlook for North American and international oil markets Reports earnings of 30 cents per share, beating Wall Street estimates of 26 cents per share Operating margins almost Continue Reading
U.S. Rig Count Climbs As Oil Prices Recoup Losses
The number of oil and gas rigs in the United States is up 7 this week, according to Baker Hughes , which pegged the total rig count at 491, up Continue Reading