Should Oil Markets Brace for A U.S. Shale Comeback?
The 2020 crisis put an abrupt end to the growth in U.S. crude oil production, which had just hit 13 million barrels per day (bpd) before oil prices and demand Continue Reading
Permian Highway enters service, brightening gas market outlook for West Texas
Kinder Morgan on Jan. 4 said its Permian Highway Pipeline has begun full commercial service, bringing West Texas producers long-awaited new gas transmission capacity and a potential lift to prices. Continue Reading
US oil, gas rigs fall six to 407, ending 2020 50% lower year on year: Enverus
The US oil and gas rig count fell by six to 407 in the week ended Dec. 30 as 2020 ended with activity down slightly more than 50% from the Continue Reading
Texas Deepwater Oil Terminal Achieves VLCC Milestone
L.P. Buckeye Partners, L.P. (NYSE: BPL) reported Wednesday that crude oil export operations have begun at the second deepwater dock at its South Texas Gateway (STG) Terminal, which sits at Continue Reading
U.S. energy execs see capital spending rising in 2021 – Dallas Fed survey
About half of U.S. energy company executives polled by the Federal Reserve Bank of Dallas expect their firms to increase capital spending in 2021, and another quarter of respondents see Continue Reading
Oil Drilling in U.S. Ends Fraught 2020 at Pre-Shale Levels
The crisis that enveloped the oil industry in 2020 can be measured in various ways, but in the U.S. there may be no better single gauge than the tally of Continue Reading
Oilfield Service Giants Are Expanding Beyond Oil Tech
The oilfield services sector is usually the one to suffer the most during an oil and gas industry downturn. This last crisis has been no exception in most respects. Drilling Continue Reading
Despite current macro conditions, Permian Basin has plenty of life
Any centenarian expects to be questioned about her longevity, and that’s especially true of the US’ biggest, most prolific oil reservoir. And like human centenarians, the Permian Basin’s long life Continue Reading
2020 Was One of the Worst-Ever Years for Oil Write-Downs – WSJ
The pandemic has triggered the largest revision to the value of the oil industry’s assets in at least a decade, as companies sour on costly projects amid the prospect of Continue Reading
North Dakota’s shale prospects look bleak after the gold rush
Almost a decade ago, Clint Hacker traded the Arizona sunshine for the subzero temperatures of the North Dakota winter, migrating north along with thousands of others to join in a Continue Reading