The Crown Jewel of the Shale Patch Braces for a Biden Ban
With the U.S. oil industry reeling from the collapse in demand this year, the New Mexico shale patch has emerged as the go-to spot for drillers desperate to squeeze as Continue Reading
Is The Oil Rig Count Collapse Finally Over?
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 4 to 183. The total number of active oil and gas rigs increased Continue Reading
Biden Fracking Ban Could Cripple New Mexico’s Oil Industry
Oil workers in New Mexico fear they will lose their jobs and oil companies are rushing to secure drilling permits on federal lands ahead of the presidential election, which could Continue Reading
Maintaining Oil Production Is The Top Priority For U.S. Drillers
Maintaining oil production will be the top priority for U.S. oil drillers for the next six months, according to the latest installment of the Dallas Fed quarterly energy survey . Continue Reading
US oil, gas rig count up 15 on week, biggest gain since downturn: Enverus
The US oil and gas rig count rose by 15 to 308 in the week ending Sept. 23, rig data provider Enverus said, marking the largest weekly gain in more Continue Reading
How The Oil Crash Solved The Permian Pipeline Problem
While Permian oil and gas production was soaring in 2018, U.S. midstream operators were planning and building pipeline takeaway capacity, expecting that the largest U.S. shale play would increase output Continue Reading
US shale production can reach new highs beyond 13 million b/d, but needs $60/b: Rystad
US shale oil production can reach new highs beyond the 13 million b/d mark achieved in late 2019, although it will take oil prices of around $60/b for that to Continue Reading
Investors Are Pulling The Plug On Argentina’s Prized Shale Play
Much ink has been spilled about the downfall and dubious recovery of the United States shale oil sector. The West Texas Intermediate (WTI) crude benchmark’s dramatic rock bottom in April, Continue Reading
Rising bankruptcy toll shows US oil patch is not ‘OK now’
It is less than two months since Donald Trump travelled to Texas to declare that the US energy industry, laid low by this year’s oil price crash, was back on Continue Reading
Active Oil Rigs Fall Again As WTI Finishes Strong
Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 1 to 179. The total number of active oil and gas rigs increased Continue Reading