U.S. Rig Count Rises Despite Coronavirus Threat
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 221. The total number of active oil and gas rigs increased Continue Reading
US ELECTIONS: Devon stocks up on permits for drilling on federal land amid US presidential election
Devon Energy will soon have enough permits for shale drilling on federal lands to cover its oil and gas production plans in the Permian’s Delaware Basin through 2024, CEO David Continue Reading
ExxonMobil aims to boost Permian oil output in 2021 despite capex cuts
ExxonMobil has returned all but 140,000 b/d of oil production curtailed during the spring’s oil price crash, and the producer aims to increase output from the Permian Basin next year Continue Reading
US oil, gas rig count grows 1 to 348; Permian sees largest gain in 8 months: Enverus
New York — The US oil and gas rig count climbed one to 348 in the week ended Oct. 28, rig data provider Enverus said, as gas drilling activity hit Continue Reading
Oil Investments Are Drying Up As Crude Demand Falters
Thirty-five percent: this is the size of the spending cuts oil and gas companies are likely to have made this year in response to the effects that the coronavirus pandemic Continue Reading
In Battleground Pennsylvania, Fracking and Renewables Compete to Be the Future of Energy
Behind a low-slung building in Zelienople, Pa., stands a towering mechanical structure where Deep Well Services trains employees in the highly specialized work of completing fracking wells for natural gas. Continue Reading
Can Liberty Oil maverick’s corporate culture survive the U.S. shale bust?
Chris Wright stands out as an oilman who might be more at home in Silicon Valley than the shale fields of North Dakota. A mountain climber and Massachusetts Institute of Continue Reading
Trump Weighs Executive Order to Show Support for Fracking
These people said details of the order were still under discussion, and a final decision on whether to even issue it hasn’t been made. White House spokesman Judd Deere declined Continue Reading
Oil Industry Turns to Mergers and Acquisitions to Survive
The once mighty oil and gas industry is flailing, desperately trying to survive a pandemic that has sharply reduced demand for its products. Most companies have cut back drilling, laid Continue Reading
U.S. And Canadian Oil Rig Counts Continue To Rebound
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 6 to 211. The total number of active oil and gas rigs increased Continue Reading