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...
By: Kevin Robinson-Avila – Albuquerque Journal – New Mexico’s oil and gas industry survived the worst disruption in its history during the...
Total rigs engaged in the drilling for oil and gas in the U.S. increased for the week ending March 19, 2021, with the total...
By: Jonathan Saul & Laura Sanicola – Reuters – U.S. refiners are scaling back on hiring ships for longer periods to save...
By: Justin Jacobs and Derek Brower – Financial Times – The world’s most powerful oilman is betting big against America’s shale industry. ...
By: Samantha Subin – CNBC – When a raging snowstorm and frigid temperatures hit Texas last month, oil and gas behemoths responsible...
By: Brandon Evans – S&P Global Platts – The US Department of the Interior delved deeper into its review of federal minerals,...
Diamondback Energy, the largest independent oil and gas producer in the Permian Basin, has warned that the U.S. shale industry may be repeating past mistakes of unsustainable growth. The company plans to limit its own output growth to 2% next year, emphasizing the need for financial discipline over aggressive production expansion.
Diamondback's CFO, Kaesa Van't Hof, cautioned that other companies' focus on lowering break-even costs to justify growth has "gotten this industry in trouble in the past" and may be leading the industry back down a problematic path. The broader shale sector is closely monitored, as rising U.S. production has put pressure on OPEC, leading the cartel to delay a planned production increase. Some producers, such as Matador Resources and ConocoPhillips, have already raised their production guidance, but Diamondback aims to prioritize free cash flow over capital expenditure growth.
The U.S. Energy Information Administration reported an inventory build of 2.1 million barrels for the week to November 1. EIA HERE
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
Haynesville Gas Takeaway Grows With Leg Pipeline Launch (P&GJ) — Williams Companies has placed its...
Presidio Petroleum is preparing to enter the public markets through a strategic merger with...
Trying to catch up in oil and gas production is difficult enough. It becomes...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Author Mark Davidson, Washington|Editor–Everett Wheeler|Energy Intelligence Group| The number of active US gas rigs...
By Haley Zaremba for Oilprice.com | The United States electric vehicle industry is facing...
(Reuters) – U.S. gasoline demand in May fell to the lowest for that month...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
by Bloomberg, via RigZone.com|Weilun Soon, Rakesh Sharma, Reporting| At least four tankers discharged millions...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
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