Fracking fluid and oil wastewater are dumped into an unlined pit located right up against the Petroleum Highway in Kern County, California. Credit: Sarah Craig/Faces of Fracking California has a Continue Reading
Top oilfield firm Schlumberger NV (SLB.N) reported third-quarter profit which beat Wall Street estimates on Friday and echoed a rival’s forecast for a 20% increase in North American spending next Continue Reading
U.S. energy firms this week cut oil and natural gas rigs for the first time in seven weeks even as oil prices rose to fresh seven-year highs. The U.S. oil Continue Reading
The number of oil and gas rigs in the United States fell by 1 this week The total rig count is now at 542, up 255 from this time last Continue Reading
Private equity firms are selling their assets and operations in U.S. shale plays to take advantage of soaring gas prices, Reuters has reported , noting the Haynesville play alone has Continue Reading
U.S. antitrust regulators have extended the approval process for at least five oil and gas mergers and acquisitions in the last three months, as President Joe Biden’s administration scrutinizes deals Continue Reading
Oilfield firm Baker Hughes Co (BKR.N) reported quarterly profit that fell short of analyst expectations on Wednesday, in part due to global supply chain issues, sending its shares down sharply Continue Reading
U.S. oilfield firm Halliburton Co (HAL.N) on Tuesday posted its third consecutive quarterly profit and said customer spending in the United States could jump 20% next year, as stronger oil Continue Reading
Crude oil production in the Permian has climbed closer to pre-pandemic levels, according to the latest drilling productivity report of the Energy Information Administration. According to the report, oil production Continue Reading
Oil output in America’s most prolific shale patch is getting closer to levels seen before the pandemic-driven market crash, as crude prices surge. Oil output in America’s most prolific shale Continue Reading
Oil output in America’s most prolific shale patch is getting closer to levels seen before the pandemic-driven market crash, as crude prices surge. While total production in the U.S. is Continue Reading
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 rigs Continue Reading
U.S. energy firms this week added oil and natural gas rigs for a sixth week in a row as oil prices soared to their highest since 2014, prompting drillers to Continue Reading
Permian oil production could reach pre-pandemic levels soon Control over the market’s marginal oil supply and oil prices is firmly in the hands of OPEC+ Overall, America’s production growth next Continue Reading
The multi-year contract is with Aethon Energy. Halliburton Company (NYSE: HAL) has announced that it and VoltaGrid LLC have entered into a multi-year contract with Aethon Energy to deploy an Continue Reading
Drilled but uncompleted wells in the U.S. shale patch hit November 2017 levels in July of this year, suggesting the industry desperately needs to start drilling While U.S. shale companies Continue Reading
The well was drilled to a total measured depth of 19,917 feet. Nabors Industries Ltd. (NYSE: NBR) has announced that the world’s first fully automated land drilling rig has reached Continue Reading
Dealmaking in the U.S. oil and gas industry in the third quarter of 2021 fell from a two-year high in the previous quarter, according to data analytics firm Enverus on Continue Reading
Shale companies are on track to spend a little more money pumping oil next year, but most aren’t opening up the spigots, even as prices top $80 a barrel. Capital investments Continue Reading
Increased access to financing and strong oil demand has created an opening for closely held producers. Oil prices around $80 a barrel are once again spurring a revival of shale Continue Reading
U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row as oil prices soared to their highest since 2014 prompting some drillers Continue Reading
U.S. shale oil production will expand at a “modest rate” over the next 18 months even as prices touch multiyear highs, according to BloombergNEF. U.S. shale oil production will expand Continue Reading
The latest Dallas Fed Survey found that costs in the industry have continued rising sharply for the second quarter in a row between July and September. The Dallas Fed Survey Continue Reading
The United States added seven rigs week on week, according to Baker Hughes’ latest rotary rig count, which was released on October 1. The United States added seven rigs week Continue Reading
European oil majors are working hard to cut their emissions by shedding assets as they attempt to become energy majors One of the highest-profile cases of this transition so far Continue Reading
American frackers, already struggling to hire enough workers, are concerned that the coming U.S. vaccine mandate will worsen the situation at a time of rising oil and gas prices. Many Continue Reading
The number of oil and gas rigs in the United States rose by 9 again this week, according to Baker Hughes The total rig count is now 521, up 260 Continue Reading
U.S. shale producers have behaved in an exemplary way in the past year. It wasn’t something the industry wanted to do. It was something it was forced to do by Continue Reading
Oil exploration and production companies in Texas added 2,800 jobs in August as the industry continues to recover from the pandemic-driven oil bust. The state’s upstream sector has recovered 19,700 Continue Reading
When researchers flew over an Energy Transfer LP facility in the Permian Basin of West Texas two months ago, a NASA-designed sensor on their airplane detected a colossal plume of Continue Reading
Natural gas drillers’ earnings would take a hit from a potential U.S. crackdown on methane leaks, according to Citigroup Inc. — but the magnitude of the impact depends on how Continue Reading
US oil production is set to pick up steam again — this time led by little-known privately owned companies impervious to the demands of the stock market. Forecasters project that Continue Reading
ConocoPhillips ’s purchase of Royal Dutch Shell Plc ’s Permian assets will make it the second-largest producer in the world’s top shale basin, according to data from Enverus. The Houston-based Continue Reading
ConocoPhillips ’s $9.5 billion deal to buy shale assets from Royal Dutch Shell Plc will boost the amount of carbon the company pumps into the atmosphere. Yet the company says Continue Reading
Royal Dutch Shell RDS.A -2.16% PLC has agreed to sell all of its assets in the Permian basin, the most active U.S. oil field, to ConocoPhillips COP -3.14% for around $9.5 billion in cash. The deal, disclosed Continue Reading
Royal Dutch Shell (RDSa.L) said on Monday it would sell its Permian Basin assets to ConocoPhillips (COP.N) for $9.5 billion in cash, an exit from the largest U.S. oilfield for Continue Reading
Royal Dutch Shell has agreed to sell its business in the Permian Basin, the biggest oilfield in the US, to rival ConocoPhillips for $9-5bn in cash. The Anglo-Dutch oil supermajor Continue Reading
Scott Sheffield, CEO of Pioneer Resources, speaks during the IHS CERAWeek 2015 energy conference in Houston, Texas April 21, 2015. REUTERS/Daniel Kramer Sept 17 (Reuters) – Top U.S. shale oil Continue Reading
The number of oil and gas rigs in the United States rose by 9 this week, according to Baker Hughes —after gaining 6 last week. The total rig count is Continue Reading
Highlights Oil rigs up one at 499 Gas rigs climb five to 136 Tellurian plans new Haynesville wells The US oil and gas rig count climbed six to 635 in Continue Reading
It would have been unthinkable a few months ago: ramping up production was the last thing U.S. shale drillers would do amid a hesitant price recovery and heavy uncertainty around Continue Reading
U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from Continue Reading
The number of oil and gas rigs in the United States rose by 6 this week, according to Baker Hughes —after falling by 11 last week. The total rig count Continue Reading
In search of higher prices, shale oil producers have reined in upstream capex over the last couple of years. Before 2019 they were focused on ever-increasing incremental production growth, and Continue Reading
Highlights Eagle Ford Shale gains 5 rigs to 48 SCOOP-STACK sees most rigs since April 2020 Permian loses 2 rigs; 4 major plays unchanged The US oil and gas rig Continue Reading
Since 2010, North Dakota’s oil industry has boomed, putting McKenzie on the map as the fastest-growing county in the U.S. Following a year and a half of pandemic, the state’s Continue Reading
The latest Texas Petro Index points to lower upstream oil and gas industry employment than other sources have published, the Texas Alliance of Energy Producers has revealed. The latest Texas Continue Reading
The number of oil and gas rigs in the United States fell by 11 this week, according to Baker Hughes —after rising by 5 last week. The total rig count Continue Reading
U.S. oil production has ticked up in recent weeks as shale producers drill more wells after going through a massive backlog of drilled but uncompleted wells (DUC). After DUC inventory Continue Reading
U.S. energy firms this week added oil and natural gas rigs for a fourth week, resulting in the 13th monthly increase in a row, even as a major storm approaches Continue Reading
