Texas Oil, Gas Drilling Permits Fell By A Third
The number of oil and gas drilling permits in Texas fell by a third in June from a year earlier, the state’s oil and gas regulator body said on Tuesday. Continue Reading
Nearly 94,000 OFS Job Losses Tied to COVID-19
The U.S. OFS job count fell 12.3 percent from February to June of this year, based on BLS data. The tally of oilfield services and equipment (OFS) sector job losses Continue Reading
Pending Dakota Access oil pipe shutdown could mean extended well shut-ins
A recent US appeals court judge’s order to shut the 570,000 b/d Dakota Access oil pipeline for a year starting next month could result in extended curtailments of shut-in wells Continue Reading
Why The Bakken May Not Come Back
The Bakken shale is already declining because of financial struggles and the oil market downturn, but the potential shuttering of the Dakota Access pipeline could close off the possibility of Continue Reading
Pending Dakota Access oil pipe shutdown could mean extended well shut-ins
A recent US appeals court judge’s order to shut the 570,000 b/d Dakota Access oil pipeline for a year starting next month could result in extended curtailments of shut-in wells Continue Reading
ET Confident Dakota Access Pipeline Will Not Shut
Energy Transfer is confident that once the law and full record are fully considered the Dakota Access Pipeline will not be shut down. Energy Transfer has stated that it is Continue Reading
$40 Could Be Magic Number for Some Oil Players
Here is a preview of issues to watch this week in the oil and gas markets. The $40 per barrel level for West Texas Intermediate crude oil could trigger an Continue Reading
Behind Oil’s Rise Is a Historic Drop in U.S. Crude Output
The coronavirus pandemic has stalled factories and shut down business around the world, causing a historic drop in oil demand just as production was reaching new highs. WSJ explains the Continue Reading
High Quality Oil And Gas Assets Should Drive An M&A Recovery
The oil price collapse has taken its toll on mergers and acquisitions (M&A) across the U.S. oil and gas industry as companies preserve cash in these highly uncertain times. The Continue Reading
Baker Hughes Rig Count Shows US Decrease
Baker Hughes Co. reported Thursday that the U.S. rotary rig count decreased by two drilling units this week. Baker Hughes Co. reported Thursday that the U.S. rotary rig count decreased Continue Reading