Texas’s oil regulator took action to reduce routine natural gas flaring but its efforts fall short of more aggressive measures requested by some investors and major producers. (Bloomberg) — Texas’s Continue Reading
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 5 to 226. The total number of active oil and gas rigs increased Continue Reading
The long-awaited consolidation in the U.S. shale patch is well underway, with several high-profile multi-billion-dollar deals announced in the span of just a few weeks. Analysts say that the mergers Continue Reading
Apache intends to step up its exploration and development plans off the coast of Suriname, as its operations and activity in the US Permian Basin remain scaled back through the Continue Reading
Although the Texas upstream oil and gas industry remained in contraction in the third quarter, signs have emerged in employment and rig counts that the sector may have already seen Continue Reading
The TPI tracks metrics such as price, rig count, drilling permits, well completions and employment. The Texas Alliance of Energy Producers revealed this week that its Texas Petro Index (TPI) Continue Reading
Ahead of what could be an industry-changing presidential election in the US, a Rystad Energy analysis reveals that drilling and fracking activity has accelerated. North American fracking likely peaked in Continue Reading
President Donald Trump has signed an order aimed at protecting the shale oil and gas industry, he said in a tweet. “Just signed an order to protect fracking and the Continue Reading
Jim Wright, a Republican seeking a seat on a board that regulates the Texas energy industry, knows the agency intimately. He ought to. He’s paid it $181,000 in fines. If Wright Continue Reading
Chesapeake Energy Corp. and Franklin Resources Inc. will need to defend their debt restructuring plan in December from attack by unsecured creditors who claim the proposal is built on a fraudulent scheme, a judge Continue Reading
