Stay updated on oil and gas stories, prices and the weekly rig count. Sign up for our Weekly Newsletter HERE. Reuters –...
By Collin Eaton, HOUSTON (Reuters)–Medium-sour crude from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for...
What is forced pooling? Compulsory pooling, also known as forced, statutory or mandatory pooling, forces landowners —who do not wish the mineral...
By David Wethe – (Bloomberg) — An obscure Texas company has bid $450 million to acquire the Hanging H Ranch in one...
Wall Street Journal – By Becky Yerak –White Star Petroleum LLC, founded by late oilman Aubrey McClendon, filed Tuesday for chapter 11, days...
By Marsha Breazeale – Oilpatchpress.com When the decimal on your check for a gas well does not match the decimal on the...
Tom Metcalf just penned an article this week at Bloomberg, comparing the wealth of John D. Rockefeller, the oil magnate usually considered...
Dom DiFurio, Dallas Morning News – Pioneer Natural Resources laid off 230 employees Tuesday as the Irving-based driller works to cut $100...
Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed oil and gas exploration and production company, today announced it has acquired...
Over 10 years ago, in 2008, the natural gas-heavy San Juan, centered around the town of Farmington, was the hot oil and...
This week, U.S. energy firms added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes. Despite this week's rig increase, the total count was still down 116, or 16% below this time last year.
The total oil and gas rig count, an early indicator of future output, rose by one to 604 for the week of May 17. Oil rigs rose by one to 497 this week, while gas rigs were unchanged at 103.
The oil and gas rig count dropped about 20% in 2023 after rising by 33% in 2022 and 67% in 2021, due to a decline in oil and gas prices, higher labor and equipment costs from soaring inflation, and as companies focused on paying down debt and boosting shareholder returns instead of raising output.
The oil and gas industry stands at a pivotal juncture, navigating through escalating demands,...
Story by Andreas Exarheas| RigZone.com |In a report sent to Rigzone late last week, analysts...
Story By Geert De Lombaerde |Oil & Gas Journal| Civitas Resources Inc., Denver, has...
Artificial Intelligence (AI) is increasingly pivotal in reshaping various sectors, including oil and gas....
Big Hill is a federally-controlled underground petroleum storage site, one of four in the...
Michigan Attorney General Dana Nessel recently announced her plans to initiate a lawsuit against...
In a significant development that has captured the attention of international observers, Russia has...
Chinese companies have secured a significant number of contracts to explore oil and gas...
Oil and gas companies have added to the so-called fracklog for the second consecutive...
Story by Jerry Bohnen |OK Energy Today|Ten years after SandRidge Energy had nearly 1,900...
ExxonMobil (NYSE:XOM) recently completed its $60 billion acquisition of Pioneer Natural Resources. This strategic...
by Bloomberg| Bloomberg News, via RigZone.com | Russian April exports of crude and petroleum...
Have your oil & gas questions answered by industry experts.