US oil, gas rig count drops by seven to 282, mostly from small plays
The US oil and gas rig count dropped by seven on the week to 282 with small plays along the Texas Gulf Coast and Kansas accounting for most of the Continue Reading
U.S. Oil And Gas Lease Sales Resume Despite Weak Interest
Despite the wave of U.S. oil and gas industry bankruptcies and layoffs as a result of the pandemic, the United States government has decided to resume its oil and gas Continue Reading
Two Major Shale Drillers Plan Layoffs
Two shale producers have plans to start cutting jobs, sources in the know who wished to remain unnamed have told Reuters. Parsley Energy plans to cut 10 percent of all Continue Reading
US ELECTIONS: Republicans warn of fracking ban, oil and gas jobs loss, on day one of convention
During the first night of the GOP convention, Republicans asserted that Democrats will ban hydraulic fracking, thereby decimating US oil and gas jobs, in spite of leading Democrats’ pullback from Continue Reading
Bakken production pushes Canadian exports on Northern Border to 15-year low
Resurging production in North Dakota’s Bakken Shale following a wave of spring shut-ins has pushed Canadian exports to the US Midwest on Northern Border Pipeline down to its lowest flow Continue Reading
$40 Oil Isn’t High Enough For Indebted U.S. Shale Drillers
The Covid-19 pandemic has added severe financial strain on a North American upstream industry that was already reeling under billions of dollars of debt. With WTI climbing past $40 a Continue Reading
Permian Oil Drillers Bounce Back with Biggest Rig Hike This Year
Explorers in the world’s biggest shale patch are roaring back, putting an additional 10 rigs to work this week for the biggest jump in activity since a price crash triggered Continue Reading
U.S. Oil Rig Count Rises For First Time Since January
Baker Hughes reported on Friday that the number of oil rigs in the United States rose for the first time since January by 11, to 183—the first double-digit increase since Continue Reading
Malaysian Oil Major May Buy Permian Driller
Malaysia’s Petronas, the national state oil and gas company, is in talks to take over Permian driller DoublePoint Energy, Bloomberg reported, citing sources in the know who declined to be Continue Reading
Cimarex makes contingency oil, gas permit plans in event of Biden presidency
Cimarex Energy is making contingency plans for permitting on federal lands in case there is a change in presidential administration, its top executive said Aug. 19. Receive daily email alerts, Continue Reading