Camille Erickson~ Casper Star Tribune – Responding to a historic influx of drilling requests, Wyoming’s Oil and Gas Conservation Commission voted Tuesday to...
EIA OIL AND NATURAL GAS REPORT Global liquid fuels oil Brent crude oil spot prices averaged $60 per barrel (b) in October,...
Rachel Adams-Heard – Bloomberg – Billionaires are circling the distressed U.S. oil and gas patch, looking to pick up assets on the...
Simon Flowers – Forbes – Buying oil and gas assets in a downturn – it’s been a golden opportunity that’s been readily...
Denver Business Journal – Colorado is approving less than half the number of oil and gas well locations and new drilling permits...
By Liz Hampton – Reuters —The companies that provide sand for hydraulic fracturing operations are the latest casualties of shale industry cutbacks...
The Wall Street Journal – After pushing U.S. oil and natural-gas shale production to record levels, some shale companies are doing the...
Yahoo Finance—A few high-profile shale executives say the glory days of shale drilling are over. In a round of earnings calls, the...
Sergio Chapa – Houston Chronicle – At first, there were not enough pipelines to move oil and natural gas to market. Then,...
BY JENNIFER WARREN | D Magazine—America has been on the forefront of an oil and gas revolution for nearly two decades, owing to...
May 5 (Reuters) - U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes Co said in its closely followed report on Friday.
The total North American oil and gas rig count, an early indicator of future output, fell by seven to 748 in the week to May 5.
Despite this week’s rig decline, Baker Hughes said the total count was still up 43 rigs, or 6%, over this time last year.
Oil rigs fell by three to 588 this week, in their biggest weekly decline since March. Gas rigs fell by four to 157, their biggest weekly decline since February.
The energy sector is off to a higher start, supported by strength in the crude complex and in the major equity futures. U.S. stock index futures pared back some gains after data showed U.S. jobs grew more than expected in April, and a fairly strong wage growth prompted investors to temper their expectations of interest rate cuts from the Federal Reserve. The U.S. economy added 253,000 jobs in April, beating expectations of 180,000 while the unemployment rate changed a little to 3.4% from 3.5% in the previous month.
WTI and Brent crude oil futures are trading higher but remain on track for a third-consecutive week of losses after markets registered dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand.
After a long slump, Oklahoma’s natural gas sector is once again showing signs of...
WASHINGTON (Reuters) – American companies unveiled a series of significant AI and energy investment...
Yuka Obayashi and Katya Golubkova | TOKYO (Reuters) -U.S. President Donald Trump said on...
Oklahoma’s largest oil and gas operators are lining up to claim a new $50...
Baker Hughes, Hunt Energy, and Argent LNG are forming a partnership to create a...
By Charles Kennedy for Oilprice.com | Shell and other major energy players have withdrawn...
Merger and acquisition activity in the U.S. upstream oil and gas sector slowed significantly...
by Andreas Exarheas| RIGZONE.COM | Chevron will “consolidate or eliminate some positions” as part of...
The U.S. oil and gas industry is riding a line between productivity and paralysis....
By Felicity Bradstock for Oilprice.com | The United Nations Development Programme (UNDP) and the...
The newly unveiled U.S.–EU energy framework, announced during the July 27–28 summit in Brussels,...
Bill Armstrong isn’t following the industry playbook. As U.S. shale producers consolidate and shrink...
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