U.S. Oil Rig Count Falls For Nineteenth Straight Week
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 5, to 253, marking the nineteenth straight loss in Continue Reading
North Dakota’s May oil output sinks 30% on month to 858,395 b/d
North Dakota oil and natural gas production saw its sharpest monthly drop on record in May, as low prices and weak demand continued to curb drilling activity while the looming Continue Reading
Baker Hughes Posts Lower US Rig Count
The U.S. rotary rig count fell by five over the past week. The U.S. rotary rig count fell by five over the past week to hit the 253-unit mark, Baker Continue Reading
Permian Crude Loads at New Coastal Terminal
Buckeye Partners, L.P.operations have begun at South Texas Gateway (STG), a new terminal in the Port of Corpus Christi that it owns with Phillips 66 Partners LP and Marathon Petroleum Continue Reading
U.S. Oil Production – Bakken Will Never Be The Same Again
Since 2017, Bakken has surprised to the upside. But with DAPL stuck in legal court battles and uncertainty around takeaway capacity continuing, Bakken’s production base will fall. Lower completion activity Continue Reading
US oil, gas rig count rises for first time in over 4 months, up 9 on week: Enverus
Highlights Oil rigs up by 10 to 202, gas rigs fall 1 to 86 Most large basins tick up one or two rigs But lower activity continues in the Permian Continue Reading
Midstream oil sector facing end of growth era as ominous earnings season looms
The midstream oil sector enters the earnings season for one of the toughest quarters in the industry’s history as its struggles to manage lower crude volumes, project delays, and wary Continue Reading
Top U.S. Shale Gas Stocks Crushed Even With Double The Production
The top U.S. shale gas producers have seen their stock prices decimated from their highs reached in 2014. What’s even worse is that the horrible stock performance occurs even with Continue Reading
Drilling Productivity Report
The Drilling Productivity Report (DPR) rig productivity metric new-well oil/natural gas production per rig can become unstable during periods of rapid decreases or increases in the number of active rigs Continue Reading
Is This The End Of The American Pipeline Boom?
The Dakota Access Pipeline, (DAPL) was built to transport Bakken crude oil from its point of origin in far North Dakota to a terminus in Patoka, Illinois. Patoka is the Continue Reading