Oil Rig Count Falls As U.S. Drillers Exercise Caution
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States stayed the same this week, with the total rig count holding fast at Continue Reading
$70+ Oil Prompts Concerns in Oilfield Services
Here is a look back at oil and gas market hits and misses for the week ending June 25, 2021. (The views and opinions expressed in this article are those Continue Reading
U.S. Shale Eyes A $60 Billion Year
Oil execs and producers are historically pretty good at making money. Oil is a roller coaster of an economic sector, based on a boom-and-bust model. Bankruptcy and insolvency are not Continue Reading
New Mexico Oil Output Recovers To Pre-Pandemic Levels
New Mexico has become the first major oil-producing state to see its production rate rebound to pre-pandemic levels, but according to legislative analysts cited by the AP, the situation remains Continue Reading
US oil, gas rig count jumps 10 to 577, amid more signs of oil demand recovery
Oil rigs, horizontal oil rigs up 16 each to 448/335 Bakken Shale gains four rigs, for total of 23 Upstream optimism may be greater than forecast The US oil and Continue Reading
Dallas Fed: Oil And Gas Sector Is On Fire
The oil and gas sector continued its strong growth in Q2, according to executives polled by the Dallas Fed in its most recent survey published on Wednesday. The survey’s broadest Continue Reading
Interior sec’y says no plan ‘right now’ to ban new oil, gas leasing
U.S. Interior Secretary Deb Haaland on Wednesday told a congressional hearing that there is no plan to permanently ban new oil and gas drilling on federal land but her agency Continue Reading
Summary of Weekly Petroleum Data for the week ending June 18, 2021
Weekly Petroleum Data for the week ending June 18, 2021 U.S. crude oil refinery inputs averaged 16.1 million barrels per day during the week ending June 18, 2021 which was Continue Reading
Why U.S. Shale Won’t Derail The Oil Rally
For the first time in nearly a decade, OPEC has solid reasons to believe that its control over the global oil supply will not be ruined by a surge in Continue Reading
OPEC told to expect limited U.S. oil output growth, for now – sources
Shale outlook discussed at Tuesday OPEC technical meeting U.S. output growth seen at about 200,000 bpd in 2021 Capital discipline remains focus for shale companies, OPEC told OPEC meets to Continue Reading