By: Kevin Crowley – Bloomberg – President Joe Biden’s plan to eliminate subsidies claimed by oil and gas companies and raise levies...
By: Bloomberg – The U.S. government program for selling drilling rights on federal land is so “fundamentally broken” that changes could be...
The US tight oil industry was hit particularly hard in 2020, a year that was one of the most disruptive for global...
By: CNBC – The oil and gas industry’s largest trade group Thursday endorsed a price on planet-warming carbon emissions, marking a major...
By: Greg Roumeliotis – Reuters – Pioneer Natural Resources Co is nearing a deal to acquire oil producer DoublePoint Energy for more...
By: S&P Global Platts – President Joe Biden’s $2 trillion infrastructure and energy plan would dramatically reshape the nation’s energy landscape by...
By: Scott Carpenter – Forbes – Gone are the days when shale oil and gas companies could persuade investors to write checks...
By: Scott Carpenter – Forbes – In March 2016 Vicki Hollub, who had just become the CEO of major oil firm Occidental...
By: Susan Montoya Bryan – AP – New Mexico oil and gas regulators on Thursday adopted new rules to limit most venting...
By: Emma Newburger – CNBC – Fourteen states filed suit on Wednesday against President Joe Biden’s moratorium on new oil and natural gas leases on...
Auctions remain a popular method for buying and selling oilfield equipment, offering benefits to both parties according to Jim Richie, partner and chief auctioneer at Superior Energy Auctioneers. While buyers can control their maximum spending and sellers can set minimum prices, the competitive nature of auctions often drives prices higher than asking prices. Following the COVID-19 pandemic, truck and road-related equipment prices soared due to supply chain issues, though they've since normalized as new vehicle production resumed.
The market currently features abundant drilling, service, and downhole equipment available for auction, attracting global interest. Richie cites the liquidation of Golden State Drilling, a 47-year-old California company, as an example of the international appeal, with inquiries coming from Kazakhstan, Dubai, Australia, Europe, and South America, demonstrating strong worldwide demand for oilfield equipment.
Oil prices fell sharply Monday, setting the stage for U.S. average gasoline prices to potentially drop below $3 per gallon for the first time since 2021, with the U.S. presidential election approaching. According to GasBuddy data, regular unleaded gas averaged $3.08 per gallon Monday afternoon, down nearly 13 cents from a month ago and 40 cents below last year's prices.
With refinery maintenance season nearing its end and global supplies remaining plentiful, OPIS analyst Tom Kloza sees "no real catalyst" for gas prices to rise. CIBC Private Wealth's Rebecca Babin suggests prices should remain stable barring any disruptions from geopolitical or weather events, as long as crude prices stay low.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
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WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
By Felicity Bradstock for Oilprice.com| Many countries need to invest heavily in upgrading their...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
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...
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
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