By: Liz Hampton – Reuters – Shale oil and gas producer APA Corp (APA.O) on Monday said it has ended routine gas flaring...
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By: John M. Nelson – Haute Lawyer – After two years of negotiations, Ovintiv Inc. has agreed to pay $19.5 million to...
By: Josyana Joshua – BNN Bloomberg – Low-carbon fracking—as oxymoronic as it sounds—is gaining traction across the U.S. But since it still...
By: Mella McEwen – Midland Reporter-Telegram – In recent years, Tim Dunn, chief executive officer of CrownQuest Operating, has seen public companies...
Three local men including a former Continental Resources employee who were accused of diverting unclaimed royalties to enrich themselves recently pleaded guilty...
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By: David French & Arathy Nair – Reuters – ConocoPhillips (COP.N) is offering to sell about $500 million in conventional oil and gas...
Press Release – US DOJ – Devon Energy Corporation, an Oklahoma-based oil and natural gas exploration and production company, and its affiliates,...
By: Reuters – Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a...
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.
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Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
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Trying to catch up in oil and gas production is difficult enough. It becomes...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
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