U.S. shale oil output to climb by 38,000 bpd in July -EIA
U.S. oil output from seven major shale formations is expected to rise by about 38,000 barrels per day (bpd) in July to about 7.8 million bpd, the highest since November, Continue Reading
Is Shell About To Turn Its Back On The Permian?
Shell may put up for sale all of its acreage in the Permian in the latest step of a low-carbon push that was most recently spurred by a court ruling Continue Reading
Drilling Productivity Report
NOTE: The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active Continue Reading
Remote Work Is The Newest Trend In Oil And Gas
Remote work was one of the changes bestowed upon us by the pandemic—and it may turn into a long-term trend. This trend was most visible in office jobs, but it Continue Reading
Shell considering sale of holdings in largest U.S. oil field, worth up to $10 billion
Oil giant Royal Dutch Shell is reviewing its holdings in the largest oil field in the United States for a possible sale as the company looks to focus on its Continue Reading
U.S. Oil Rig Count Rises As Crude Prices Climb Higher
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 461 as U.S. drillers Continue Reading
Occidental to sell some Permian basin assets for $508 mln
Occidental Petroleum Corp (OXY.N) said on Thursday it would sell some of its acreage in Texas’ Permian basin to an affiliate of private equity-backed Colgate Energy Partners III LLC for Continue Reading
US oil, gas rig count climbs 8 to 560 on strong Permian activity
The US oil and gas rig count climbed eight to 560 in the week ended June 9, rig data provider Enverus said June 10, as the number of oil-focused rigs Continue Reading
Earthquakes on Record-Breaking Pace in U.S. Shale, Study Finds
The number of earthquakes rattling the U.S. shale patch is growing exponentially as producers pump massive amounts of dirty water from their oil and gas wells back underground. Tremors registering at Continue Reading
Dealmaking In U.S. Shale Patch Heats Up As Oil Prices Rise
Rising oil prices are encouraging U.S. shale producers to put up for sale non-core assets to streamline operations and reduce debt. Property sales have accelerated this year as exploration and Continue Reading