Oil, Gas Rigs Increase For Fifth Week In A Row
Baker Hughes reported on Wednesday that the number of oil and gas rigs in the United States rose by 2 to 348. The oil and gas rig count has risen Continue Reading
The Worst May Be Over For U.S. Oil
More than 40 oil and gas companies in the United States filed for bankruptcy protection in the first eleven months of this year, according to Haynes & Boone’s latest report Continue Reading
FEATURE: Lower Permian gas production, higher prices promise shift in 2021 flows
A steep drop in Permian gas production this year is driving a significant shift in regional flow dynamics that’s likely to endure into 2021 as higher West Texas gas prices Continue Reading
America’s Key Oil Hub Sees Inventories Declining
Cushing, the home of the ‘black gold rush’ and the world’s largest onshore oil storage hub is once again reducing its oil stockpiles as an increase in demand looks set Continue Reading
Diamondback to Expand Permian Position via $1.4B Deals
The acquisitions are a bet by Midland, Texas-based Diamondback on the resilience of the shale sector. (Bloomberg) — Diamondback Energy Inc. rounded off a tumultuous year for the U.S. shale Continue Reading
Will 2021 Be a Quieter Year for Energy Bankruptcies?
Better days may be ahead for energy companies after a busy year of bankruptcies, with the coronavirus pandemic culling the weakest borrowers and investors pricing in a sharp economic recovery Continue Reading
Oil, Gas Rigs Increase For Fourth Week In A Row
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 263. The total number of active oil and gas rigs increased Continue Reading
US oil, gas rig count rises by 10 to 414 as producers try to hold output: Enverus
US oil and gas rigs rose by 10 to 414 in the week ending Dec. 16, rig data provider Enverus said, as operators continue to replace production setbacks earlier in Continue Reading
Baker Hughes Rig Counts Mixed for US and Canada
The total counts of rotary drilling rigs operating in the US and Canada moved in opposite directions this week, Baker Hughes reported Friday. The total counts of rotary drilling rigs Continue Reading
U.S. Shale Patch Reduced Breakeven Costs By 20% This Year
Pressured by plunging oil prices and the need to adjust to the lower oil demand, U.S. oil producers have slashed costs and managed to bring down their average breakeven costs Continue Reading