U.S. Oil Rig Count Falls To Lowest Level Since 2009
Baker Hughes reported on Friday that the combined oil and gas rig count in the U.S. fell this week by 4, to 247. The total oil and gas rigs are Continue Reading
U.S. Shale Remains In Survival Mode For Another Year
After slashing capex plans for 2020 and idling rigs by the dozen, U.S. shale drillers are still not ready to return to their default state of perpetual growth. Oil is Continue Reading
Dakota Access Pipeline Staves Off Shutdown Order Once Again
The Dakota Access oil pipeline again staved off what would have been an unprecedented shutdown, with judges ruling that the Trump administration has to decide whether the conduit can operate Continue Reading
Continental Resources Restarts Curtailed Oil Production
Continental Resources is bringing back previously shut-in oil production, seeing flow rates in some fields double compared to the rates before the curtailment, the company’s executives said on the Q2 Continue Reading
Dakota Access Pipeline shutdown halted but environmental permit still withdrawn
A US federal appeals court halted on Aug. 5 the pending shutdown of the Dakota Access Pipeline slated for the same date, but the court is still requiring an environmental Continue Reading
Permian Execs Signal Milestone
America’s most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth: drilling just to ward off production drops. The pandemic and subsequent plunge in crude Continue Reading
Parched US shale patch crushes oilfield services sector
As the US shale boom sent the country’s crude production soaring over the past decade, the oilfield services companies that do everything from drilling producers’ wells and laying pipes to Continue Reading
What Will The Post-Pandemic Shale Patch Look Like?
The global coronavirus pandemic–a true black swan event–has altered the course of the entire oil and gas industry, and not even the mighty US shale industry will emerge unscathed. Employment Continue Reading
Permian Shale Chiefs Signal the End of Output Growth —
America’s most prolific shale drillers are accepting a fate once anathema to an industry obsessed with growth: Drilling just to ward off production drops. The pandemic and subsequent plunge in crude Continue Reading
BLM issues preliminary approval for 5,000-well drilling oil, gas project in Wyoming
After more than five years in the making, several producers moved a major regulatory step closer to developing a potential 5,000-well oil and natural gas project on federal land in Continue Reading