Gas and oil prices are heading in the right direction, finally. But the reasons why might be no cause for celebration. Story...
By: Reuters – Oil prices edged higher on Monday in a volatile session as investors waited for any moves against Russian oil...
FROM BUSINESS INSIDER – Analysts at Bank of America laid out three scenarios for the outlook on Brent crude oil prices. The...
The S&P 500 Energy Sector is the only sector on the broad-market index sporting gains so far in 2022, but a slide...
By: Shelby Webb – Houston Chronicle – Texas’ efforts to have more electricity in reserve on the power grid could cost ratepayers...
Oil and gas production in Texas rose month on month, according to the latest preliminary figures from the Texas Railroad Commission (RRC)....
By: David French – Reuters – Double Eagle, a team of prolific oil and gas developers focused on the Permian basin, have...
By Matthew Smith for Oilprice.com – The U.S., UK, and European Union’s ban on Russian oil imports sparked by President Vladimir Putin’s invasion of...
By: Erica Grieder – Houston Chronicle – Once upon a time, Houston was a city that “loved not wisely, but too well,”...
(REUTERS)–Percussion Petroleum II is looking to fetch up to $1.5 billion by selling around 25,000 net acres in the Permian shale basin,...
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 DeMarban |ADN.com| The oil explorer whose last major discovery in Alaska opened...
by Andreas Exarheas | RigZone.com |In a release sent to Rigzone this week, Enverus announced...
In the last 24 hours, tensions in the Middle East have entered a new...
By Tsvetana Paraskova for Oilprice.com | U.S. oil producers flocked to hedge higher prices...
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...
A-list actors are turning their attention to Wall Street, and this time, the plot...
Amid rising global tensions following U.S. strikes on Iranian nuclear sites, former President Donald...
The oil and gas sector is undergoing a major digital overhaul, and data is...
Have your oil & gas questions answered by industry experts.