Category: Shale Oil

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 1 to 181. The total number of active oil and gas rigs increased Continue Reading

Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly Continue Reading

The US oil and natural gas rig count rose by three on the week to 285, rig data provider Enverus said Sept. 3, as the final trimester of the year Continue Reading

Since the start of the year, 57 oil production and oilfield services companies have filed for Chapter 11 bankruptcy protection. Many more bankruptcies are on the way, all in the Continue Reading

An early-summer rebound in Permian Basin gas production has definitively stalled out in recent weeks as drilling, well completions and rig counts across West Texas hit multiyear lows. Receive daily Continue Reading

Schlumberger has become the biggest oil-service industry player yet to abandon frack work in North America, a sign that activity in the U.S. shale patch may never revisit previous highs. The provider Continue Reading

Democratic presidential candidate Joe Biden said on Monday that he would not ban hydraulic fracturing, a controversial method of drilling for crude oil and natural gas, if elected and called Continue Reading

Baker Hughes reported on Friday that the number of oil rigs in the United States fell by 3 to 180, after rising last week for the first time since January. Continue Reading

Baker Hughes reported the total number of rotary drilling rigs operating in the US held flat at 254 this week Baker Hughes Co. on Friday reported the total number of Continue Reading

Norway’s Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment, a spokesperson for the company said Continue Reading