John Kemp – Reuters – U.S. oil and gas production growth is slowing, as lower prices force shale firms to reduce new...
Victoria Advocate – People in the Eagle Ford Shale region who’ve signed leases with Equinor for the mineral rights beneath their land...
Greg Avery – Denver Business Journal – Colorado issued the fewest oil and gas well drilling permits in more than a decade...
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Reuters – U.S. crude exports from Corpus Christi, Texas, have surged to a record in recent weeks, often surpassing hubs such as...
David Blackmon – Forbes – Forty years ago, the conventional wisdom about oil was that we were running out of it and...
Jordan Blum – Houston Chronicle – Exxon Mobil led the way with new finds off the coasts of Guyana and Cyprus as...
Houston Chronicle – Apache Corp. is closing its San Antonio office and eliminating more than 270 jobs as part of a reorganization...
Reuters – Range Resources Corp said on Wednesday it expects a significant charge in the fourth quarter related to its oil and...
U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row. The total oil and gas rig count, an early indicator of future output, fell by five to 654 in the week of Aug. 11, the lowest since March 2022. That was also the 14th time in the last 15 weeks that drillers cut rigs.
Baker Hughes said that puts the total rig count down 109 rigs, or 14%, below this time last year.
After falling for eight weeks in a row, the number of oil rigs held steady at 525 this week, while gas rigs fell five to 123, their lowest since February 2022.
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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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