U.S. drillers add oil and gas rigs for second week in a row
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo June 18 (Reuters) – U.S. energy firms Continue Reading
U.S. Rig Count Jumps As Oil Prices Hold Above $70
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers Continue Reading
USA Shale Finally Making Money After Blowing $300B
After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to have found a sweet spot. (Bloomberg) — Marathon Continue Reading
Empty Oil Tanks at Key Storage Hub Show Speedy Demand Rebound
Crude storage tanks that were brimming a year ago when the pandemic grounded flights and kept drivers at home are beginning to empty in the main U.S. distribution hub, the Continue Reading
U.S. Shale Set For Record $30 Billion Free Cash Flow In 2021
U.S. shale producers are expected to generate a combined $30 billion in free cash flow in 2021 amid disciplined capital spending and higher oil prices, estimates from Bloomberg Intelligence show. Continue Reading
US oil, gas rig count jumps 7 to 567 amid buoyant $70/b crude prices: Enverus
Natural gas-oriented rigs surge 6 to 135 Haynesville, Marcellus counts mostly static Eagle Ford grows 4 to 41 rigs The US oil and gas rig count jumped 7 to 567 Continue Reading
Private equity firms Quantum, EnCap bid for oil producer EP Energy – sources
Oil and gas producer EP Energy, which emerged from bankruptcy last year, has received takeover bids from private equity firms including EnCap Investments and Quantum Energy Partners, four people familiar Continue Reading
N. American oil service firms’ pricing and hiring on the upswing
As oil climbs above $70 a barrel for the first time in almost three years, oilfield firms are reporting prices for their services and equipment have bottomed and many are Continue Reading
Bankruptcy: A Cheap Way Out Of Trouble For Oil Companies
Back in 2013, the world’s largest private-sector coal company, Peabody Energy (NYSE:BTU), pulled off a new trick from the ever-growing trove of corporate subterfuge. Peabody created a new entity that Continue Reading
Interest in Shell’s Permian assets seen as a bellwether for shale demand
A cadre of oil companies, seeing continued profits in shale, are mulling Royal Dutch Shell’s (RDSa.L) holdings in the largest U.S. oil field as the European giant considers an exit Continue Reading