Mexico will hold a private bidding round for the nation’s shale oil fields this year in part to cater to continued interest from U.S. drillers eyeing expansion south of the Continue Reading
Last October, as U.S. oil prices seemed to be stabilizing around $45 a barrel, some bullish traders chuckled at the notion of U.S. shale firms racing to hedge production at Continue Reading
Linn Energy LLC, the largest energy producer operating as a partnership, drastically widened its loss in the final quarter of the year on sharply lower revenue amid a steep decline Continue Reading
Nearly half of the oil produced in the United States came as a result of hydraulic fracturing last year, the U.S. Department of Energy said. The department’s U.S. Energy Information Continue Reading
If Oil Prices Have Hit Bottom, the Top May Not Be Too Far Away The top of the oil market may be closer than you think. With Brent futures having Continue Reading
Despite last week’s rally in crude oil prices, North Dakota continued to witness a decline in exploration and production activity, state data show. The state government reports 32 rigs engaged Continue Reading
The first major upstream oil and gas bankruptcy filing of the year could occur this week as SandRidge Energy Inc, Venoco Inc [DNVRPV.UL] and Energy XXI Ltd reach the end Continue Reading
Fifty-stage frack jobs. Fifteen-foot cluster spacing. More than 2,000 pounds of proppant concentrate per foot. Top U.S. shale producers are pushing fracking technology to new extremes to get more oil Continue Reading
North Dakota on Friday said crude-oil production fell 2.65% in January to the lowest level in 18 months, reflecting a sharp drop in prices, as the number of drilling rigs Continue Reading
Two recent studies further call into question the oil and gas industry’s claims of the climate benefits and community benefits of hydraulic fracturing (“fracking”) . One of those studies, published Continue Reading
