By Darren Barbee | Hart Energy, via Yahoo News | ConocoPhillips Co., looking to shed debt after its $22.5 billion acquisition of Marathon Oil Corp.—a deal...
By Felicity Bradstock for Oilprice.com | President Trump has been emphatic about his support for oil and gas throughout his electoral campaign and...
by Bloomberg|Kari Lundgren| The first ship in a 30 billion-kroner ($2.7 billion) plan to store emissions under the North Sea arrived in Norway...
By Julianne Geiger for Oilprice.com | Despite Trump’s full-throttle push to “unleash” U.S. energy, Permian oil producers are keeping their foot on...
US Energy Development Corporation (USEDC) is gearing up for a big year in 2025 with plans to invest up to $1 billion...
by Andreas Exarheas|RigZone.com| A fact sheet posted on the White House website on Tuesday stated that U.S. President Donald J. Trump signed a...
El Paso billionaire Paul Foster and his partners at Franklin Mountain Energy (FME), a company he helped establish six years ago, have...
By Simon Watkins for Oilprice.com |Following the sudden removal of longtime Syrian President Bashar al-Assad from office on 8 December, the new...
By Felicity Bradstock | OilPrice.com | Several U.S. oil and gas companies have warned that they will not be looking to increase production...
On February 1, President Donald Trump officially announced a broad set of tariffs that will hit imports from Canada and Mexico at...
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes said in its closely followed report on Friday. Oklahoma lost 1 rig, down to 43 rigs now running.
The total oil and gas rig count, an early indicator of future output, fell by four to 600 in the week to May 24, the lowest since January 2022. Baker Hughes said that puts the total rig count down 111, or 16%, below this time last year.
Oil rigs were unchanged at 497 this week, while gas rigs fell by four to 99, their lowest since October 2021.
That cut the rig count in several states and one basin to their lowest levels in years.
In Texas, the state with almost half of the country's operating rigs, the count fell by three to 287, the lowest since February 2022, while in West Virginia, drillers cut two rigs, leaving just six active units, the lowest since August 2020.
In the Marcellus in Pennsylvania, West Virginia and Ohio, the nation's biggest shale gas-producing basin, the rig count fell by three to 26, the lowest since October 2021.
A key hearing is set for this Friday in Big Spring, Texas, in a...
Behind the rolling plains and rocky outcrops of southwestern Oklahoma, a quiet transformation is...
Story By Alex Kimani for Oilprice.com | Saudi Arabia is getting ready to engage...
Story By Alex DeMarban |ADN.com| The oil explorer whose last major discovery in Alaska opened...
A quiet energy revolution is unfolding in Appalachia, where natural gas from the Marcellus...
Mexico’s private oil producer Hokchi Energy is locked in a high-stakes standoff with Pemex...
By David O. Williams |RealVail.com| President Donald Trump is poised to issue an executive order...
The World Bank has made a landmark decision by lifting its long-standing ban on...
By Irina Slav for Oilprice.com| The 411,000 barrels daily that OPEC+ said it would...
Tensions between Israel and Iran have sparked a surge in oil prices this June,...
By Tsvetana Paraskova for Oilprice.com | A total of 93 oil and gas firms...
Tucked into a sweeping fiscal package backed by President Donald Trump, Senate Republicans are...
Have your oil & gas questions answered by industry experts.