Will $70 Oil Tempt U.S. Producers To Open The Taps?
U.S. crude oil production is not expected to pick up a significant growth pace at least until the end of this year, the Energy Information Administration (EIA) said in its Continue Reading
U.S. Shale On Track For One Of Its Best Years Ever
After seven consecutive weeks of gains, oil prices have gone into reverse gear once again, thanks mainly to the latest OPEC+ spat that left everyone wondering what to expect next. Continue Reading
Opec ‘gets a pass to lift oil prices’ as hedging losses hobble US shale
Some of America’s biggest oil groups are racking up tens of billions of dollars in hedging losses despite soaring crude prices, as contracts signed during last year’s crash left them Continue Reading
U.S. Shale Races To Hedge Production Amid OPEC+ Uncertainty
U.S. shale producers started boosting this week hedges to lock in the price of oil they plan to pump in the coming months, after the OPEC+ drama left the market Continue Reading
Is There Still Hope For Argentina’s Struggling Shale Patch?
Argentina is working to boost its oil production as well as investing in shale as the Latin American oil and gas giant continues to focus on traditional energy. June ended Continue Reading
U.S. shale firms hesitate to pump – or hedge – more, despite oil high prices
OPEC’s sudden disarray would seem to be an opportunity for U.S. shale producers to lock in profits, with oil prices near multi-year-highs, but sources at those companies say they are Continue Reading
Oil And Gas Rig Count Jumps As Oil Nears 3-Year High
The number of oil and gas rigs in the United States is up 5 this week, according to Baker Hughes , with the total rig count holding fast at 475, Continue Reading
Analysis: Oil companies bet on $100 a barrel as they rush to sell assets
Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in Continue Reading
Group caps abandoned wells to cut methane emissions
The stench bellows from the 1,500-foot hole in the ground, the remains of a well long ago abandoned by a bankrupt oil company. Despite its rotten-egg smell, the culprit is Continue Reading
Shadow Lenders Take Over In The U.S. Shale Patch
Banks have started to cut their exposure to the U.S. shale patch, seeing more than 100 producers and oilfield services firms go bust last year and feeling the environmental, social, Continue Reading