Shale Giants Proving OPEC Right
Saudi Arabia’s bet that the golden age of U.S. shale is over appears to be a safe one — for now, at least. A round-up of data on shale drillers Continue Reading
Argentina’s Shale Patch Is Poised For A Comeback
After a harsh 2020 and slow post-pandemic recovery Argentina’s hydrocarbon sector has come roaring back to life. A combination of substantially higher oil prices, government subsidies, favorable legislation and growing Continue Reading
US rig count grows by 1 on week to 492, led by increase in oil activity: Enverus
Highlights Permian basin rigs climb four to 226 Gas focused-rigs hit four-week low of 121 Chevron slowing activity in Permian, for now The US oil rig count pushed to an Continue Reading
Tight oil public E&Ps maintain 55% reinvestment rate in 4Q20
Rystad Energy Webinars We are adapting to the current digital workplace and hosting numerous webinars going forward, some on short notice. Follow our webinar page to make sure you don’t Continue Reading
Oilfield Services Job Losses Top 10,000 for February
An analysis of preliminary BLS data by the Energy Workforce and Technology Council shows a loss of 10,000-plus OFS jobs last month. Employment in the U.S. oilfield services and equipment Continue Reading
Why U.S. Shale Production Remains Stubbornly High
I have written on shale production in the U.S. a number of times over the past couple of years for OilPrice. My expectation that shale production would fall sharply to Continue Reading
Chevron CEO Reveals Permian Surprise
Chevron Corp. revived aspirations to pump 1 million barrels a day in the Permian Basin after drastic budget and job cuts trimmed operating costs. Chevron plans to ramp up investment Continue Reading
Oilfield Jobs Tank Again in U.S. After Brief Recovery Last Year
The hired hands of America’s oil patch have now lost all the job gains they made during a brief recovery last year, according to a trade group. The companies that Continue Reading
U.S. Oil Rig Count Sees Tiny Increase Amid Oil Price Rally
Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose by 1 this week. The total number of active oil and gas Continue Reading
US oil, gas rig count leaps 30 to 491 on week, as oil prices climb further: Enverus
The US oil and gas rig count leaped 30 in the week ending March 3 to 491, rig data provider Enverus said, reaching the highest total since late-April 2020, as Continue Reading