Story by Emily Patsy, Hart Energy: Diamondback Energy Inc. continued to add onto its position in the Midland portion of the Permian...
By: Reuters – Oil output in the Permian Basin is set to hit another record of 5.499 million barrels per day in...
Bob Campbell, Odessa American, Texas. Observing its 10th anniversary as a publicly traded company, Diamondback Energy had a successful third quarter and...
By: AP – The U.S. Interior Department’s plan to withdraw hundreds of square miles in New Mexico from oil and gas production...
By: SF Chronicle – Marin County is poised to require that new buildings get all of their energy from electricity rather than...
Business Insider: Two ships with their trackers turned off sailed near the leak sites of the Nord Stream 2 pipelines just days...
By: EPA.gov – January Environmental Services, Inc., January Transport, Inc., and company-owner Cris January will pay civil penalties of $1.9 million and...
The Apache Corp. says the Permian Basin was a key player in its successful third quarter with newly acquired properties in the...
Oil prices erased earlier losses and moved higher on Thursday just after the U.S. Bureau of Labor Statistics released data for October...
By: Texas Tribune – Republican state Sen. Dawn Buckingham, R-Lakeway, won the race for Texas land commissioner Tuesday, putting her in charge...
Because of the Martin Luther King Junior federal holiday, no oil trading closing prices were reported in the U.S. However, prices weakened slightly on Monday because of the impact of the Middle East conflict.
Global benchmark Brent crude was traded and settled down 14 cents or about 0.2% at $78.15 a barrel on ICE Futures Europe. While there was no settlement to report for West Texas Intermediate crude in the U.S. due to the holiday, the U.S. benchmark was still down 18 cents or about 0.3% at $72.50.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, energy services firm Baker Hughes (BKR.O) said in its closely followed report on Friday.
The combined oil and gas rig count, an early indicator of future output, fell by two to 619 in the week to Jan. 12, the lowest since November. Baker Hughes said U.S. oil rigs fell by two to 499 this week, while gas rigs decreased by one to 117.
The U.S. rig count dropped about 20% in 2023 after rising by 33% in 2022 and 67% in 2021, due mostly to a drop in oil and gas prices, higher drilling costs, and as companies cut spending to boost returns to shareholders.
U.S. oil futures were up 1% in 2024 after dropping by 11% in 2023. U.S. gas futures, meanwhile, were up 32% so far in 2024 after plunging by 44% in 2023.
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
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