By: Jennifer A. Dlouhy – Bloomberg – The Biden administration is revoking dozens of invalid drilling permits issued by agency workers without...
By: Bryce Erickson – Forbes – The recent rise of oil prices returning to over $50 per barrel is a welcome sign...
By: Derek Brower and Myles McCormick – Financial Times – Smaller, slower, and more profitable. These are the watchwords for Chesapeake Energy...
By: Victoria Cavaliere – Business Insider – Exxon and Chevron discussed merging the oil companies last year, a move that would have...
By: Starr Spencer – S&P Global Platts – The US oil and gas rig count jumped climbed 12 to 442 in the...
By: Andrew Baker – NGI – Lower 48 oil and gas producers have drawn down their inventory of drilled but uncompleted (DUC)...
By: Sergio Chapa – Bloomberg – Elon Musk recently moved to Texas, where he launches some of his rockets and is building a...
By: David Blackmon- Forbes – Officials in the state of New Mexico professed to be taken aback last week by President Joe...
By: Matthew Brown – AP – The Biden administration announced Thursday a 60-day suspension of new oil and gas leasing and drilling...
By: Jeff Brady – NPR – As part of his ambitious plan to address climate change, President Biden is revoking a key cross-border presidential permit...
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.
By Adam Smeltz | UNIVERSITY PARK, Pa. – Oil produced from shale reservoirs drove...
Hart Energy, via Yahoo News | Occidental Petroleum [OXY • NYSE] is selling off...
Fossil fuel financing by Wall Street’s leading banks has declined sharply in 2025, highlighting...
Key Highlights Global oil inventories are expected to grow more than 2 million b/d...
By Andreas Exarheas | RigZone.com |The U.S. Energy Information Administration (EIA) cut its West...
The race to lower costs and accelerate production timelines in the Permian Basin has...
Mexico’s energy story has turned again. After years of political resistance to hydraulic fracturing,...
The U.S. Geological Survey has released a fresh look at the Phosphoria Total Petroleum...
˃ Financing from the six largest Wall Street banks for oil, gas, and coal...
US crude inventories drop by 6 million barrels, exceeding forecasts Uncertainty over Ukraine peace...
Mergers and acquisitions in the U.S. oil and gas sector surged in 2024, more...
Chevron’s acquisition of Hess closed in July after months of arbitration and integration planning,...
Have your oil & gas questions answered by industry experts.