Category: Shale Oil

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 13 this week, adding another bearish element to the market after Continue Reading

The deployment used Halliburton’s intelligent fracturing system. Halliburton Co. (NYSE: HAL) reported Tuesday that it has given a major operator real-time automated control of fracture placement while pumping on a Continue Reading

U.S. shale was among the biggest victims of the demand destruction caused by the coronavirus pandemic. But the sector has already proved resilient once, and now this resiliency is coming Continue Reading

Highlights But power demand, prices down on year February storm hit businesses hard New orders, business outlook improving Houston — Texas manufacturing activity in March reached the highest level in Continue Reading

The United States shale industry’s era of “newfound prudence” could be coming to an end. After a devastating 2020 for U.S. oil, the mood in the shale sector has been Continue Reading

Exxon Mobil and Chevron Corp have scaled back activity dramatically in the top U.S. shale oil field, where just a year ago the two companies were dominating in the high-desert Continue Reading

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 6 this week, after an increase of 9 last week. The Continue Reading

 Noble Corp.’s acquisition of Pacific Drilling announced this week in a merger of drillers points to the troubled state of the oilfield service sector, even with more activity expected this Continue Reading

U.S. oil drillers are no longer sitting in the trenches, waiting for the pandemic storm to pass. They are once again in growth mode, according to the first-quarter energy survey Continue Reading

A backlog of pre-drilled shale wells is rapidly shrinking as oil prices rise, signaling that producers are ready to put drilling crews back to work as the industry rebounds from Continue Reading